Meme coins are having a real come-up across the board in 2023. They have always been the most volatile genre of crypto but lately, they have started to even out thanks to most of them realizing that they will need utility alongside their ability to go viral to survive.
Meme coins started with Dogecoin (DOGE) which was originally a joke crypto, that was followed by another counter joke in Shiba Inu (SHIB) whose inventor only invented the coin to try to topple the success of Dogecoin. Both have grown so much in recent times and have added real utility by expanding their ecosystem.
It is this growth that has paid the way for a coin like Love Hate Inu (LHINU). The new meme coin on the block is having one of the most successful presales we have seen and recently just broke $5 million and looks like it will not be slowing down anytime soon. Love Hate Inu has learned from the good and bad things older meme coins have made to become a better version of the likes of Shiba Inu.
Before we get into what makes Love Hate Inu so special, let’s first look at what is happening with Shiba Inu.
Shiba Inu struggling despite positive developments
Despite recent developments, the price of Shina Inu (SHIB) has been predictably unpredictable. The main recent we are talking about is Shiba Inu being the first meme coin to have its own layer-2 network. This is great news for them and other meme coins as not only are transactions on the network faster and cheaper but it shows the potential meme coins can have to grow.
The coin also partnered with Binance Pay recently in a deal that would allow SHIB to be accepted as a form of payment through Binance Pay, another very exciting development for the coin. Even whales are taking notice and a recent flurry of activity has seen them buy up 17 billion worth of SHIB!
So, why is the price still going down? It could be the trend the market is currently experiencing however we think it is more likely to do with the successful new meme coin on the block.
Love Hate Inu- The meme coin heading toward the top
We think the real reason Shib Inu is tanking is because of the success of Love Hate Inu (LHINU). Investors are realizing that is the coin that you want to get behind in the meme coin market. The presale has recently just passed $5 million raised and is showing no signs of slowing down.
What makes Love Hate Inu special is its utility, as we mentioned earlier meme coins have realized that they must add this to their projects in order for it to be a success. Love Hate Inu has seen what Tamadoge (TAMA) has done with its ecosystem and has built on that idea.
The main selling point of the project is that it is the first meme coin that also doubles as a V2E platform. So you get the virality of a meme coin coupled with the utility of a V2E coin. Up on site now there is a great example of some polls that they will run once the coin officially launches.
How fun Love Hate Inu will be is immediately displayed when you visit their site. Lots of fun emojis will follow you across the site but it is the polls where the real fun begins. Right now they have 3 examples of three controversial celebrities on their site. The question posed to you is do you love or do you hate this celeb? Each of the celebrities is also represented by hilarious angel and devil versions of themselves just adding to the fun
How it will work once it launches is users will be able to visit the site and vote on all kinds of polls that will mostly be about trending and interesting topics that are polarizing. An important part of the process is that the project will have a stake-to-vote system in place.
This system will be crucial in how the site runs. First of all, it protects polls from being spammed or any other nefarious activity. It will also protect the voters, the staking means their anonymity will be kept so they need not fear ridicule for expressing themselves. This will be especially useful as there will be a discussion section under the polls for voters to express themselves.
The more you stake the more say you will have over the polls and eventually users will even be able to suggest polls of their own, if it is agreed their poll can go on the site by the rest of the community then they will fund it themselves with their own LHINU.
The other way we are impressed with the Love Hate Inu project is how they have the future in mind. 90 percent of the total allocation of LHINU will be sold during the presale, this ensures that once the CEX listings begin only 10 percent of the tokens will be available and there is no danger of a potential rug pull. It also means that only those with a real passion for the Love Hate Inu project will have a say in the future direction the coin takes.
Lastly, but probably most importantly is of course its virality. Ever since its inception Love Hate Inu has come out of the gates fast when it comes to its online presence, just search youtube and look at the pages of influencers talking about how much potential this coin has. They have a very funny presence on Twitter too which has seen them amass just under 38k followers already.
Conclusion
Let’s finish up with this, although it does look like Shiba Inu is making positive developments to its ecosystem it looks like there is a new coin coming for the throne and that is Love Hate Inu. The coin has more utility and looks like its virality could soon surpass any other meme coin too. The fact it is still available at such a low price of $0.000145 really makes the decision a no-brainer.
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