Vita Inu Price Gains 24% But You Should Be Investing in Tamadoge Too
Vita Inu is pumping right now, up nearly 24% in 24hrs at the time of writing as VINU found key support and rocketed after a steep sell off on Saturday and Sunday.
In fact the coin has pumped more than 170% in the past month after the project reached some key milestones.
What is Vita Inu (VINU) and Why is it Pumping?
Vita Inu is a recently released project that claims to be the fastest, most eco-friendly and most efficient meme coin on the market, with the website starting that 4 million transactions can be completed for every one Dogecoin (DOGE) transaction.
It claims transactions take less than a second - compared to around 5 minutes for DOGE or Shiba Inu (SHIB) - with the transactions attracting zero fees and using a miniscule amount of energy.
Unlike DOGE, Vita Inu (VINU) is also offering a wide range of utility and use cases to entice investors into the project. While DOGE was created to be a currency, although take up has been extremely limited, VINU's ecosystem has numerous parts.
They are building a VR-compatible metaverse - with members of the community able to customize and generate content, such as mini-games, within it - building their own dApp that will offer staking and rewards as well as offering NFTs.
VINU's recent pump appears to have taken place after the coin was listed on Gate.io and the project also announced its current staking rates - with holders able to get 150% APY for 14 days of locked staking.
One potential downside to the project is that it features a max token supply of 1 quadrillion (1,000,000,000,000,000) - with 980 trillion already in circulation - although there are plans in place to burn 100 trillion tokens per month.
Vita Inu Alternative - Tamadoge (TAMA)
Tamadoge is one project that offers the same meme coin potential for growth as well as long term utility and value.
The TAMA token is currently in its presale phase and has already raised nearly $11.5 million in seed funding, with less than 30% of the presale allocation remaining - and expected to sell out before the start of October.
Holders of TAMA will be able to mint NFT pets at the end of 2022, with the pets forming the centre of the ecosystem.
Molded in the style of 90s kids craze Tamagotchi, Pet owners will be able to feed and care for them, buying food and other items in the pet store, watching them grow into adults.
The pets will then be able to battle against others in a play-to-earn game, with prizes up for grabs on a monthly leaderboard.
Later in the project the pets will transform from 3D to augmented reality, with owners able to take them out into the real world to explore.
Unlike VINU, Tamadoge also features much more stringent tokenomics, with a max supply of just 2 billion and a deflationary mechanism that will see a 5% burn on purchases in the pet store.