Yetio Ouro (YETIO)’s Impressive Start Attracts BNX Investors In Hoards

Key Insights

Game-Fi investors have been looking for other alternatives, given the current slowdown in the market.
BinaryX investors in particular, are flocking towards Yeti Ouro, the new native cryptocurrency of the Yeti Go game.
Yeti-go in particular, is a fast-paced P2E game that is taking the world by storm with its strategic, high-adrenaline gameplay.

New projects constantly emerge in the crypto space, each of them competing for investor attention. Among the latest in the space to make an impact is Yeti Ouro ($YETIO), which is quickly grabbing the attention of memecoin holders.

At the time of writing, YETIO is trading at $0.012. There’s a cool 10% bonus on every purchase.

Investors of the BNX (Binary X) cryptocurrency are flocking towards $YETIO and there might be a few reasons why. With its unique blend of gaming and internet hype, Yeti Ouro is set to experience explosive gains soon.

Let’s see why Yeti Ouro is generating such speculation in the market and how it compares to BNX.

Is BinaryX’s Strength Enough?

BNX (also known as BinaryX) has shown up as one of the well-established players in the crypto market. The cryptocurrency and its ecosystem are known for their one-of-a-kind approach to defi and gaming.

BinaryX started off as a derivatives trading platform. However, upon recognizing the potential of the metaverse and gaming sector, BinaryX gradually evolved into developing web3 games.

As of writing, BinaryX is in the transition phase into a GameFi platform.

The BNX token has also gained a loyal following due to its strong fundamentals and its focus on real-world utility.

But is this enough?

Decline in the futures open interest

Source: Coinglass

According to data from Coinglass, the cryptocurrency’s Open interest has dropped from $89 Million in May 2024 to a current value of $27 Million—which is a lot less than half of its yearly high.

The same is true for its funding rates and other metrics like long/short ratios.

This means that investors are taking a hiatus from $BNX and may now be considering other alternatives in the blockchain gaming sector. In comes Yeti Ouro.

Yeti Ouro, the New Kid on the Block

Yeti Ouro is similar to Binary X, in that both are game-fi focused projects.

The former is an Ethereum-based crypto, to serve as a backbone for the Yeti Go web3 game.

$YETIO serves as the reward mechanism for the aforementioned P2E game. It allows its holders to enjoy the perks of being part of its massively growing community and access other in-game benefits.

Dive into Yeti Ouro

Source: YetiOuro

The game is an Unreal Engine-powered P2E racing game that allows players to earn real rewards as they engage in Player-versus-Player competitions. In Yeti Go, players get to compete against other players by attempting to push them out of the race, using power-ups and weaponized gadgets.

The first to get to the finish line with a combination of strategy and the right power-ups wins the race and gets rewarded.

In all, the game promises to deliver high-energy and action-packed experience with every race. $YETIO token holders in turn, get to enjoy endless fin and opportunities to earn more rewards.

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