Shiba Inu and Dogecoin are stagnant while this new meme coin is surging upward

The cryptocurrency market is once again seeing a decline. Memcoins such as Dogecoin and Shiba Inu are currently under pressure. The rising dollar and economic events in the US and around the world have already negatively affected the price of bitcoin and most altcoins. But even in this difficult time for the market, there are tokens that continue to grow.

It is useful to consider the company’s new cryptocurrency Love Hate Inu, which has already managed to gain the attention of investors, as well as rate forecasts for Shiba Inu and Dogecoin. This will help you figure out which cryptocurrency to buy to multiply your savings.

AiDoge is an AI platform for generating images and memes

AiDoge is an advanced cryptocurrency platform that allows people to use generative artificial intelligence (AI) to create memes. A proprietary meme token called AIDOGE is used to purchase credits. These can then be spent on generating pictures.

The platform makes creating unique memes easier than ever, saving authors a lot of time and effort. Therefore, it is likely to attract new creators who previously didn’t have the resources to post content on social media on a regular basis.

In terms of tokenomics, AiDoge has three main features that set it apart from other meme cryptocurrencies and could potentially lead to an increase in its value in the future.

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First, the vesting period is 10 years. Second, the supply is capped at one trillion tokens, and the coin will become deflationary at the end of the vesting schedule. Third, AIDOGE is used to purchase credits and then create memes. Ultimately, AiDoge solves a real need in the crypto industry. It allows for the seamless generation of memes.

The Ai presale will consist of 20 rounds, during which the token will appreciate in value by 5%. The first round of the presale is now underway and the token is priced at $0.00002600.

During the next round, the price will jump to $0.00002640.

The advantages of the meme cryptocurrency AiDoge are as follows:

• The AI algorithm constantly monitors trends and new events, so the generated memes will always be up-to-date.
• The Ai token is used to buy the credits needed to create memes on the platform, so the demand for it will grow.
• All memes are added to the feed, and users can sort them, for example, by new or popular.

Meme cryptocurrencies – a brief overview

Meme cryptocurrencies are tokens created based on memes that are popular on the internet. The first meme coin on the market was Dogecoin (DOGE), which was recognized by the community thanks to Ilon Musk. The entrepreneur was constantly posting memes of his Shiba Inu dog on his social media accounts. The coin was initially created as a parody of bitcoin and became a kind of “springboard” for other companies. They started creating their own cryptocurrencies, inspired by the success of Dogecoin.

Currently, the use of meme coins is gradually expanding. For example, AMC Entertainment movie theaters began accepting DOGE tokens as payment. Representatives of the network report that anyone can buy gift cards for these coins.

Also in 2022, Ilon Musk announced that the Tesla store will start accepting payment in the form of Dogecoin. This had a positive impact on the growth of the asset’s price.

The next asset that has gained popularity recently is Shiba Inu. It entered the listings on major exchanges shortly after it appeared on the market. Its trading volume amounted to $20 billion 24 hours after the launch of the coin’s sales.

The company is also constantly working to expand the project’s ecosystem and increase its usefulness: both games and a decentralized exchange (DEX) have appeared. It is believed that the development of SHIB favorably distinguishes it from other meme coins.

Beginning investors primarily pay attention to recognizable images and take them as a guarantee of safety for monetary investments. An amusing image that is attached to this or that coin often becomes a key factor in choosing an asset.

It is worth noting here that investing in such tokens has certain risks, since experts cannot predict the dynamics of their value. Their value is determined by the demand from potential investors.

Dogecoin rate and the price of Shiba Inu: prospects and forecasts

Experts’ opinions differ as to how the price of meme-coins will change. As for the rate of Shiba Inu, a significant growth in the spring of this year should not be expected. According to the director of the Bitget crypto exchange Gracie Chen, the coin is currently under pressure. The question remains whether Shiba Inu will be worth a dollar: if this happens, the market capitalization of the token will overcome the mark of $589.7 trillion.

Outlook and predictions
Shiba Inu	Dogecoin
After the launch of the scaling solution, the price of Shiba Inu has reacted weakly. However, the coin has a chance to rise to the $0.000014 mark. In case it gains a foothold at this level, we can expect a further rise in price to $0.0000165.	The outlook for Dogecoin, another meme coin, looks promising. It is ranked 8th overall on the CoinMarketCap website and is currently trading at $0.07. In 2023, Dogecoin will have an average value of $0.0145.
In terms of long-term outlook, Shiba Inu forecasts a minimum price of $0.000033 and a maximum price of $0.000038 for 2025.	The general sentiment of analysts is positive. Nevertheless, by the end of 2025, a significant decline is predicted. There is a possibility that the value of the token will fall to $0.00338.

Completion

All the coins mentioned in the meme are attractive investment options. To date, the growth of the cryptocurrencies mentioned in the article continues. Among them, the LHINU token deserves special attention, as the company has a detailed plan for the development of the project.

One should keep in mind the possible risks, even if at the moment this or that coin looks as attractive as possible.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.