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Shiba Inu aims for top 5 crypto by 2029, with growing interest in Toncoin and Yeti Ouro signaling market changes.
Shiba Inu (SHIB) has been trending in the crypto space after statements made by the anonymous developer Shytoshi Kusama about the future of the currency. Kusama confirmed that he wants to take SHIB from the 15th position among cryptocurrencies to the top 5 in the next five years.
Meanwhile, other crypto projects, including Toncoin (TON) and Yeti Goldthey have also seen growing interest from investors, suggesting a changing dynamic in the meme coin and DeFi sectors.
Shiba Inu’s ardent efforts and market impact
The SHIB token has been subjected to increased token burning by the Shiba Inu community. This, in turn, led to a decrease in the supply of the token. In the last 24 hours alone, the number of SHIB tokens sent to burn crossed 1.28 billion with a 2,055% increase in the burn rate.
The ardent activity is in line with a 5% increase in the SHIB price which shows that these efforts are bearing fruit in the market. Shiba Inu coin price is currently at $0.00002626.
At the same time, the founder of SHIB, Shytoshi Kusama, shared his plans to bring the cryptocurrency into the top 5 by market capitalization. As of today, SHIB is the 13th most popular cryptocurrency, with an overall market capitalization of $15.27 billion.
To achieve such a goal, the token would have to grow in value by 517% in the market, perhaps even surpassing BNB which is currently the fifth largest coin with a market capitalization of $94.23 billion.
The bullish outlook of Toncoin as the price target $10
Similarly, the trading volume of Toncoin has also increased in the market. At the time of writing, the price of Toncoin is trading at $6.32 with 72% of TON holders realizing profit. The price action has been forming a bullish pattern, known as an ascending triangle, which indicates that the currency could be higher.
If the price is to break the current resistance level it has at the moment, it could go up to $9.00 with other targets suggesting that it could rise to $10.
Toncoin’s impressive performance is a cause of interest among investors looking for new and potentially profitable opportunities in the altcoin market. Investors are looking for profit opportunities as the coin continues to gain steam due to the fact that it is an integral part of the Ton blockchain network.
Yeti Ouro gains momentum with unique DeFi and gaming features
In the course of these developments, a new in the crypto sector in the form of Golden Yeti (YETIO) it appeared. Launched on the Ethereum network, Yeti Ouro is a mix of meme currency, DeFi, and gaming with the upcoming P2E game, Yeti Go. The game, expected to be released soon, will see players earn YETIO tokens as they engage in a competitive race to outdo other players.
Yeti Ouro is still in its presale stage and has managed to raise over $730,000. To ensure the scarcity of its token and to provide long-term value for investors, Yeti Ouro has a total supply of 1 billion tokens.
This project has attracted the attention of major investors in the cryptocurrency market, and its Black Friday campaign, which includes a 20% discount on the purchase of tokens, is expected to increase its popularity. Highlighting the ongoing developments, the team recently shared a behind-the-scenes video showing the ongoing efforts before the launch of the ecosystem.
To learn more about the Yeti Ouro community, visit the website, X, Telegramand Discord.
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