The Shiba Inu Challenger? How This New Meme Coin Is Taking the Market by Storm
In the meme coin ecosystem, Shiba Inu is the second most renowned joke cryptocurrency, only behind Dogecoin. Launched in August 2020, Shiba Inu scaled to worldwide acclaim in 2021 on the idea that it was a more advanced meme token than Dogecoin.
Instead of only offering value exchange and good times, Shiba Inu has incorporated a lot of real-world utilities, which has seen it lead the booming sub-sector in an entirely new direction from Dogecoin.
However, Shiba Inu may be old news now, considering the number of meme coins that are rapidly taking over the crypto market. One such project with a unique proposition is the vote-to-earn meme coin Love Hate Inu.
Only Two Options No Middle Ground
That’s right. This new project’s name is Love Hate Inu. It builds on the idea of a voting scenario where voters have the option to select between two candidates and cast their votes.
With this project, users will be able to independently and transparently air their views by simply staking the network token LHINU and selecting between either ‘Love’ or ‘Hate.’
Love Hate Inu will operate mainly on social media and serve as a driving force to draw youths into the political landscape. Via this project, anyone anywhere can vote on various issues, including national policies, politics, and even trending celebrity gossip.
Hey #LoveHateInu community! 👋
— Love Hate Inu (@LoveHateInu) March 12, 2023
Our voting system is built on #blockchain technology, which ensures that the process is…👀
🔒 Secure
💯 Fair
🌟 Transparent
So don’t miss the chance, join the #presale now! 🚀
🔗https://t.co/Pu2Bo8WOUy#cryptocommunity #altcoins #memecoins
Love Hate Inu will also be free, fair, and transparent, and it will be sanction-free, lending a voice to everyone due to its reliance on blockchain technology. The project will basically serve as a virtual pivot through which the under-represented in society can lend their voice on any critical issues.
Love Hate Inu Set to Change the Survey Market
Blockchain tech is directly disrupting various industries, and the next area of disruption is the online survey market.
The online survey market grew from $2.79 billion in 2022 to $3.2 billion in 2023, representing a 14.6% compound annual growth rate (CAGR) for a year-over-year (YoY) period. According to a Business Research Company report, this is expected to rise to $5.69 billion by 2027 at a 15.5% CAGR.
This points to a huge market niche that Love Hate Inu aims to tap into. According to the development team, Love Hate Inu is expected to partner with specific, high-profile brands to create sponsored polls where survey participants stand a chance to earn non-fungible token (NFT) discount codes as well as unique branded metaverse assets.
With this, users can rack up a significant portfolio by participating in these polls and changing them to fiat currencies for real-world use.
Launched in the largest decentralized application (dApp) ecosystem of the Ethereum blockchain, Love Hate Inu could end up becoming the meme coin of the year.
Hello, #LoveHateInu community! 🌞🐶
— Love Hate Inu (@LoveHateInu) March 11, 2023
Who’s ready to join us and become a part of the upcoming meme sensations and gain some valuable tokens in the process? 💥💰
Seize the opportunity now and join the presale!⏰🚀
🔗https://t.co/Pu2Bo8WOUy#cryptocommunity #altcoins #memecoins pic.twitter.com/wEDG7llOQf
So far, the crypto asset has already blazed through its presale stage, with over $349,000 raised in a matter of days. Early-bird investors can now snap up the LHINU token for a bargain price of $0.000085 before the first stage ends in the coming week.
Once the next stage kicks in, users will need to purchase the vote-to-earn token for $0.00009, which is expected to continue rising in anticipation of its eventual listing in the coming months.
Meme coins have rapidly placed themselves as a strong social presence in the crypto space.
Dogecoin and Shiba Inu currently lead the pack, but a plethora of assets like LHINU are rapidly increasing the utility of these socially-strategic assets and onboarding even more people into the crypto market.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
