Digital assets have become a new and attractive investment opportunity, even though they can be tricky to understand. Bitcoin is still the most popular cryptocurrency, but recently, many people are becoming interested in meme coins.
Meme cryptocurrencies are digital assets that are often created based on popular internet memes. They are typically characterized by high volatility. The technology behind meme coins is exactly the same as that of other cryptocurrencies, and the underlying mechanisms are quite similar to well-known altcoins.
Tokens based on the popular Shiba Inu dog meme, such as Dogecoin, Shiba Inu and Tamadoge, can be put in a separate group. However, a recent addition to this lineup is a new project called Love Hate Inu, which is predicted to have a great future.
The new cryptocurrency that could overtake SHIB is Love Hate Inu
Love Hate Inu is a new online voting platform on the Ethereum blockchain. The service gives investors the opportunity to express their opinions on various topics and get rewarded for it in LHINU tokens.
This is made possible thanks to the Vote-to-Earn (V2E – “vote to earn”) mechanics. In order to start voting, participants will need to pledge LHINU for a certain amount of time in order to be eligible to vote. They will then be given access to questions and with proper activity, users will be able to earn tokens on an ongoing basis.
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Benefits of Love Hate Inu
As mentioned earlier, meme coins are often very volatile. This is because they are not backed by any utility to the owner or society. This is the main difference between Love Hate Inu and its predecessors.
Analysts predict that the price will increase manifold. The main advantages of the project:
- 90% of the total supply of LHINU tokens has been allocated to the presale.
- LHINU combines the virality of a meme coin with real utility for owners and the public.
- Love Hate Inu is built on blockchain – this means that votes will be transparent, fair and anonymous, and fraud will be eliminated.
- Low token value, which increases with each new pre-sale round.
Currently, the LHINU token is available in the presale and early investors have the opportunity to purchase the asset at favorable terms.
Will Shiba Inu be worth a dollar?
Shiba Inu is a cryptocurrency created in 2021 as a parody of Dogecoin. The popularity of the SHIB coin has grown rapidly, and now its capitalization exceeds $6.5 billion. However, the most worrying question for all Shiba Inu investors is the exchange rate against the dollar in the long term.
In March, the Shiba Inu exchange rate fell for the first time in 2023, but by early April, the coin began to consolidate in the range of $0.00001017 and $0.00001169. Currently, the SHIB rate is $0.00001112 with a daily trading volume of $176,024,689 USD. The current CoinMarketCap ranking is #14 with a market capitalization of $6,547,871,762 USD.
Despite the positive dynamics of SHIB over the past few days, the growth of the coin to $1 is unlikely in the short term. There are some opinions on the topic of a sharp rise of the asset in the coming years, but most analysts still believe in a more measured but stable growth of the coin.
Shiba Inu: price and what influences it
The price of meme coins is influenced by many factors. Some of them depend on the work of the project development team, while others depend on the global cryptoeconomy.
| Internal factors | External impact |
|---|---|
The latest Shiba Inu news is just centered around the release of an important update. It’s called Shibarium and is a layer 2 blockchain network on Ethereum. It transforms Shiba Inu into a larger cryptosystem.
The update will help provide improved transaction speeds, lower fees, increased utility (i.e. real utility) of SHIBs and easier development of applications (dApps).
Shibarium will enable increased transaction speeds while maintaining all security measures. Also, the new network will trigger a burn mechanism that can curb inflation.
Shiba Inu: 2023 forecast
In 2023, the projected price of SHIB will increase at the end of this year and will probably rise to $0.000017. As stated earlier, the growth will be smooth, without major drops. Reaching the rate of $0.000016 is a massive goal, but it is achievable in the near term due to planned collaborations. SHIB is projected to have a minimum value of $0.000013.
Shiba Inu: 2024 forecast
Shiba Inu will have quite a few growth opportunities in 2024. SHIB could cross the $0.000028 mark thanks to new partnerships and projects that are likely to be announced in the near future.
Considering the market volatility, the minimum price of SHIB is expected to be $0.000022, while the average value of the coin could reach the $0.000025 mark.
Shiba Inu: 2025 Forecast
If growth continues until 2025, SHIB could rise to $0.000039, which would bring weighty profits to today’s investors. However, the target will not be reached if the market starts to decline. SHIB is projected to have an average price of $0.000036 in 2025 and a minimum price of $0.000034.
Summary
The future of Shiba Inu looks very optimistic. Cryptocurrencies are experiencing a new round of growth, bitcoin is skyrocketing this year, and investors are starting to expand their investment portfolios with more confidence. Shiba Inu has recently surged in value, and it looks like this trend will continue in the long term. If a potential trader is planning to enter the cryptocurrency market, Shiba Inu and Love Hate Inu are definitely worth considering now.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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