BTC ETF records 5-day inflow streak, ETH eyes $6k as new token takes over P2E market

Bitcoin ETF buzz, Ethereum’s $6k potential, and Yeti Ouro’s MemeFi rise reshape the crypto landscape with new opportunities.

The crypto market is experiencing a number of activities, driven by activities such as Bitcoin ETF inflows, bullish Ethereum price predictions, and the rise of a MemeFi ERC-20 token, Yeti Ouro (YETIO). With institutional interest surging and the Play-to-Earn (P2E) market rapidly evolving, investors are eyeing these trends for the next big opportunity.

Bitcoin ETF momentum and market dynamics

On Friday, November 22, Bitcoin price hit an all-time high of $99,768. However, BTC has struggled to surpass the critical $99,800 resistance, leading to a sharp overnight decline. Spot Bitcoin ETFs saw $435.3 million in outflows, halting a five-day streak of consecutive inflows.

Despite this pullback, BlackRock’s iShares Bitcoin Trust (IBIT) stood out with $267.8 million in inflows, reflecting growing institutional confidence in the asset. Analysts suggest that ETF-driven demand could push Bitcoin back into the “BUY” zone on the Bitcoin Rainbow Chart, a tool widely used to gauge BTC’s long-term potential.

Ethereum headed to $6,000?

Ethereum is on the brink of a significant price movement, with analysts like Byzantine General highlighting a record high in Ethereum futures open interest (OI). This surge in OI suggests heightened speculation around ETH’s future price trajectory, despite the current downtrend intact since May 2024.

Ethereum price at the time of press is $3,571.44, reflecting a 7.37% increase in the last 24 hours and a total market cap of over $430 billion. With the current trajectory, analysts believe a breakout above Ethereum’s descending trendline could pave the way for a sustained rally toward $6,000, supported by robust fundamentals like increasing DeFi adoption and Ethereum’s role in powering innovative projects.

Yeti Ouro: The viral MemeFi token changing P2E gaming

While Bitcoin and Ethereum dominate headlines, the P2E and MemeFi sectors are exploding with innovation projects. Leading this trend is Yeti Ouro (YETIO), a viral ERC-20 token combining meme culture with real-world utility in the gaming space.

Yeti Ouro is at the heart of Yeti Go, a high-energy P2E racing game powered by Unreal Engine. Players can earn YETIO tokens by competing in PvP races and overcoming challenges, making it a true fusion of entertainment and financial rewards. The capped supply of 1 billion tokens ensures scarcity, driving value for holders.

Yeti Ouro integrates periodic burns, reducing supply and applying upward pressure on the token price. With the black Friday bonus around the corner, early investors can enjoy a 20% bonus during Yeti Ouro’s presale from November 29 to December 2, making it an attractive entry point for those looking to capitalize on the next 100x opportunity. Priced at $0.012, the project has raised over $566k in presale so far. 

As one of the MemeFi ERC-20 tokens to integrate gaming utility, Yeti Ouro is rapidly gaining traction in the P2E market, rivaling giants like Axie Infinity while tapping into meme coin hype.

To learn more about Yeti Ouro Community, visit the website, Twitter, Telegram, and Discord.