Dogecoin (dogicoin) is the first meme coin that was originally intended as a joke. However, several meme coins, including DOGE, have not only generated significant returns for investors, but have also become multi-billion dollar projects.
Dogecoin was launched in 2013, and at the time, few in the crypto community could have predicted that DOGE would become one of the most popular cryptocurrencies and gather numerous supporters.
The main patron of the coin was Twitter CEO Ilon Musk. He openly expressed his faith in DOGE in his tweets and even called Dogecoin a serious means of payment, which contributed to the cryptocurrency’s price rise on the market.
However, the new Love Hate Inu meme coin project aims to surpass the success of Dogecoin, and it has a good chance of doing so.
Love Hate Inu is a promising alternative to Dogecoin
Love Hate Inu is a unique crypto project that is built on a Vote-to-Earn model. Its own token, LHINU, is currently up for presale – currently priced at 0.000105 USDT.
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Love Hate Inu plans to transform the online survey system by moving it to blockchain. This will allow traders to earn LHINU tokens for participating in polls.
To do this, users must send LHINU tokens to the staking. This means “blocking” them for transactions for a period of time. The process will provide additional rewards as long as the assets remain in staking. Users who have locked their LHINUs will also be able to create their own surveys.
In addition, there will be collaborations with various brands. They will also be able to create their own surveys on the Love Hate Inu platform and reward participants with additional bonuses.
Key features of Love Hate Inu
Experts predict Love Hate Inu to grow 100 times. The asset is scheduled to enter the exchanges in 2023.
It’s all about the key features of LHINU before other meme coins. The advantages of the project – in the table.
| Key features of the project | Explanation |
|---|---|
Dogecoin: news and forecast
Ilon Musk is a well-known patron of DOGE, each of his actions directly affects the price of the token. At the end of 2022, after the presentation of Twitter 2.0 update by Ilon Musk, the Dogecoin exchange rate rose by 20%.
In early April, another high-profile event in the life of Twitter took place – the social network’s logo was replaced with an image of a shiba-inu dog from the meme that spawned DOGE. This set off a wave of discussion, and Dogecoin rose 25% immediately after this change.
Rumors of Ilon Musk integrating DOGE into Twitter’s payment system have been circulating since Ilon took over as CEO. Then in February, he posted a post on his page, where he said that now the CEO of the company will be a dog breed Shiba Inu, which also created a lot of excitement around DOGE.
In addition, the project is developing through its own efforts – currently more than 2,000 businesses in the world accept payment in DOGE. Among them is the American movie theater chain AMC Entertainment.
Dogecoin: forecast for 2023
The main question for all Dogecoin holders is the DOGE exchange rate in 2023. According to Wallet Investor, the average price of DOGE may reach $0.0145 per token by the end of this year. Data from the DigitalCoinPrice service looks even more optimistic – $0.2 per token this year.
Dogecoin: price in April 2023
In early April, DOGE gradually began to recover after the March drop. Investors should keep an eye on the 38.2% Fibonacci retracement level of $0.09 – in case of growth, DOGE may rise to $0.11. In case of a fall, it may fall to the support level of $0.07.
Dogecoin’s exchange rate against the dollar at the time of writing is $0.084376 USD with a daily trading volume of $517,132,958 USD. The current ranking on CoinMarketCap is #8 with a market capitalization of $11,719,653,254 USD.
How to buy Dogecoin
You can buy DOGE on Coinbase, Binance, OKX, Gemini and some other platforms. The algorithm of buying DOGE token is similar on all leading exchanges and consists of the following steps:
- It is necessary to register on the chosen platform and authorize in the account.
- Make a deposit in any convenient currency.
- Search for DOGE.
- Enter the amount of DOGE to be purchased.
- Click on the “Buy” button.
An alternative way to earn Dogecoin is mining. Extraction of the digital asset is carried out using the Proof-of-Work (PoW) algorithm.
Completion
Dogecoin is a cryptocurrency that was created in 2013 as a meme, but recently it has become one of the most discussed and popular.
Dogecoin has significant potential in the long term. According to some crypto market analysts, the price of DOGE could rise to $3.47 by 2030.
This token is an interesting crypto investment, but it is necessary to keep in mind the risks associated with buying cryptocurrency and conduct a thorough analysis before making a decision.
However, the new Love Hate Inu project aims to outperform its famous predecessor. Analysts believe that LHINU has the prospect of a hundredfold growth due to the utility of the token and the integration of the lucrative polling industry into the blockchain.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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