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Shiba Inu is pumping ahead of upcoming updates – SHIB and this … – Analytics Insight

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Meme coins have a special place in the crypto market, there is no doubt about it. Despite the modest goal behind them of making a joke, meme coin Shiba Inu has managed to prove its worth time and time again. Its value is currently on the rise, which is making investors excited. The reason behind the price rise is the update that Shiba Inu is implementing, which we will cover in this article. We will also include one new meme coin, Love Hate Inu, that is showing genuine potential to explode in 2023, so let’s get to work!
Since its launch on August 1st, 2020, Shiba Inu has gone through various phases regarding its price. Its price went up and down, reaching an all-time high in November 2021. Many cryptocurrency enthusiasts love Shiba Inu, which means that market sentiment and hype are key factors in Shiba Inu’s growth. Its performance is poor in times of extreme fear but explodes when the optimism of the investors prevails.
Shiba Inu has a market capitalization of approximately $6 billion as of early 2023, and it is still behind Dogecoin with an estimated market capitalization of $12 billion. It is essential to differentiate the price and market capitalization when analyzing the market position of Shiba Inu. Newby investors may be deceived by SHIB’s low price, which can lead them to misunderstand SHIB’s potential price. Market capitalization measures the value of all cryptocurrency traded on the open markets and is useful in determining its growth potential. SHIB ’s currently ranked 15th on the market among all the other cryptos available.
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Despite the fact that meme coins are created just for fun, the team behind the Shiba Inu is working towards developing the entire ecosystem. Back in 2021, ShibaSwap was launched. It is a decentralized economy based on the Ethereum blockchain, allowing users to stake, buy, sell, offer liquidity, or hold tokens in the decentralized exchange. Besides, the Shiba Inu team will focus on gaming apps and metaverse in order to provide a wholesome experience for the investors, which means that there are plenty of updates that we are yet to see.
After the long-awaited Shibarium, the Shiba Inu team was happy to say that Shibarium Beta was live on March 11th, which is a major reason for the price rise we are seeing now. The Early Beta Test of the Shibarium network is called Puppynet, and it will allow users to build dApps, power projects with it, and also integrate into IRL (in real life) businesses. We can expect further news about this update in the following period. While some investors rush to get their SHIB tokens, others turn to a new coin, Love Hate Inu, which is now available on presale!
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Love Hate Inu
Love Hate Inu was introduced to the market recently and has already started showing some incredible results. It was made with the intention of providing people a chance to express their opinion about various topics related to politics and social issues for those who would like to impact society.
On the other hand, voting on entertainment issues will bring some fun. Since it involves blockchain technology, this voting system will be secure, fair, and fully transparent. The fact that the online survey market has hit $3.2 billion worth certainly shows that there is room for people to express their true opinion and be heard. Love Hate Inu will provide space for it and reward the people for their participation. The voters will be rewarded with branded metaverse assets and NFT discount codes.
The utility of this token and the rewards will surely attract the attention of numerous investors to come and join, which will contribute to the rise of its value. The platform will be accessible and easy to use so that the members of the community can easily navigate through it and contribute to the relevant topics. This is the reason why analysts believe that Love Hate Inu could explode in 2023. If you want to become a member, participating in the presale may be the best move now!
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Ever since it was launched, Love Hate Inu gained instant popularity. In the first 24 hours, this presale raised $100k, which continued snowballing from that point on. Interestingly, 90% of the LHINU tokens will be available during the presale, while only 10% will be available after. This was done with the intention of showing that Love Hate Inu can be trusted. The creators of this project want true supporters to get LHINU tokens and control the destiny of the entire project.
LHINU will be necessary for exploring the platform, so the investors will need to stake the tokens to vote. This mechanism will prevent any form of manipulation and spam and also ensure anonymity. Staking tokens and voting will also bring more voting power that will accumulate in time. The price of LHINU will increase soon in the following stage, so make sure you get your portion of these tokens in time!
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There is no doubt that Shiba Inu is important for the crypto market in general and that the price rise is a positive sign. However, no one can deny that there is lots of volatility involved when it comes to Shiba Inu, so it does not come as a surprise that some investors want to wait until its price settles. On the other hand, Love Hate Inu is achieving enormous success with its presale, and its growth potential is enormous. If you wish to join thousands of other investors, this may be the perfect time to do it!
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Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions, more information here.