The cryptocurrency market had a turbulent start last month after Bitcoin plummeted to $38,000. The indices turned deep red for days and wiped away most of the profits made in 2021. However, the market is seeing a possible recovery since last week and many tokens have touched new weekly highs. Meme-tokens such as Dogecoin, Shiba Inu spiked and YooShi token stood at par with the top meme-coins in the market.
The weekly performance shows Shiba Inu with a +36% gain while Dogecoin stood at +14.9%. However, YooShi token raced ahead of Dogecoin with a spectacular +25% gain and is only below Dogelon Mars with a +26.2% gain. However, all meme-tokens are trading in the green today delivering profits to investors.
Also, Cake Monster token took the sweet top spot with a whopping +120% spike in the last 7-trading days.
YooShi token was launched in May 2021 and quickly became a well-known name in the meme market segment. Investors who were on the lookout for the next Dogecoin or Shiba Inu poured their investments in YooShi. The rise of Doge and SHIB has created an enigma of ‘fear of missing out’ as investors are on a hunt for the ‘next big thing’.
The Rise of YooShi Token
The alt-coins season gave birth to many meme-currencies and one among them is YooShi token. The token was launched on May 18, 2021, at a modest price of $0.000000247398. It knocked out a zero from its trade and reached an all-time high of $0.00000419 in October 2021. Nonetheless, YooShi is now down -86.7% from its ATH and is struggling to claw back to its previous glory.
The Bitcoin crash hammered YooShi and brought it down its price to present levels. Also, the token is up +1161.6% from its previous all-time low of $0.000000044059 which it reached in July 2021.
YooShi also boasts of a strong community base and is actively involved in making it reach newer investors. The community does charity works in Asia and helps spread the token to first-time investors.
A few months ago, they had spread awareness about ‘Angelman Syndrome’, an illness which is a complex genetic disorder. Angelman syndrome primarily affects the nervous system in the human body during birth. The illness leads to speech impairment, intellectual disability, delayed development, and cause problems with movement and balance.
Yooshi investors from all around the world helped spread awareness about the illness by sending selfies through the ‘Smile Challenge’.
At press time, Yooshi was trading at $0.000000566960 and is up +4.4% in the 24-hours day trade.