Shiba Inu price has plummeted 10% in the last seven days to the dismay of meme coin investors. At the time of writing, SHIB traded at $0.00001038, a 1.59% rise on the daily window. The lack of euphoria in the community, coupled with the fierce competition from emerging meme coins, has prolonged the road to recovery for SHIB since February.
Despite the market mellow-down, Shiba Inu can flick a magic reversal of the trajectory with a 350% upswing if it continues to hold above $0.00001.
The Key Resistance to Break Through
$0.00001 provides a strong support level for Shiba Inu, with the coin trading between $0.00001163 and $0.00001007 since March 10. The coin is likely to oscillate between these points for a few more days, before breaking through the resistance at $0.000014.
Shiba Inu YTD price chart, 26 April 2023, CoinMarketCap
A slip down the crucial support level at $0.00001 is highly unlikely in the coming weeks, unless negative sentiments in the broader market take a toll on the project. But given that the floor has proven to be sturdy so far and the broader market is turning green, there is little cause for concern.
Crypto Fear and Greed Index, 26 April 2023, Alternative.me
That said, market volatility can push the Shiba Inu price in either direction. While a strong momentum from bulls and whales can hurl the token to $0.000042-$0.000048, a dip to $0.0000099 will pave the way for more losses. A tragic collapse to $0.000007 can’t be ruled out in that case.
Shiba Inu Fear and Greed Index, 26 April 2023, CFGI.io
The 24-hour trading volume of Shiba Inu has a 4.82% downtick, indicating the market’s grim sentiments. According to whalestats, there has been little movement in the wallets of the top 100 Shiba Inu whales since the second half of March.
Shiba Inu Price Prediction: Strong Fundamentals Should Fuel SHIB Price Action
The ongoing expansion and development in the Shiba Inu ecosystem will primarily help SHIB win back the community’s confidence. For some time now, the project has been working on widening its use cases and adoption. That in turn would organically increase its reach and support the price. Any demand that stems from the utility is welcome in meme coin communities now, as investors are dumping the tokens citing their hollow structure and long-term irrelevance.
The two pillars that can potentially sustain interest in SHIB in the coming days, apart from speculation, are the ShibaSwap decentralized exchange (DEX) and the Shibarium Layer 2 launch. They will be pivotal in improving the token use cases, encouraging brand adoptions and mainstream integration.
If rumors are to be believed, Shiba Inu has multiple high-profile endorsements and partnerships in the pipeline. They will bring much-needed credibility to the ecosystem, which has been stuck in its meme coin aura. It will go a long way in improving the visibility and acceptance of the coin in the mainstream market.
Another factor that continues to bolster Shiba Inu price prediction is the community, or Shib Army as they like to be called. Their dedication to staying relevant through AMAs, discussions, meet-ups, and promotions can give a solid foundation to the Shiba Inu coin price, till it can stand on its feet through utility.
Is Shiba Inu a Good Investment Now?
Shiba Inu is a good investment now. But there are better alternatives. With a massive $6.1B market cap, the coin has limited growth potential. Meme coin investors are moving to utility-rich alternatives like Love Hate Inu and Tamadoge that have a bigger room for growth, as the grim performance of Dogecoin and Shiba Inu reveal.
Dogecoin 1-M price chart, 26 April 2023, CoinMarketCap
Shiba Inu’s projected 350% uptick fades in comparison to Love Hate Inu’s 20X explosion on exchange listing and Tamadoge’s series of bull runs that will likely lead to a 550% surge on the monthly chart.
Tamadoge 1-M price chart, 26 April 2023, CoinMarketCap
While Tamadoge has been capitalizing on the enthusiasm around its multiple tier-1 exchange listings in the pipeline, Love Hate Inu is drawing massive traffic from crypto and traditional investors to its vote-to-earn ecosystem. The sizzling hot presale of LHINU smashed through the $7M milestone a few hours back.
Meme Coin Investors Have Found a Haven in Love Hate Inu
Love Hate Inu is the latest meme coin to seize the market’s attention. The meteoric presale of the vote-to-earn crypto has strengthened the predictions that it is on the path to acquiring a $1B market cap upon launch.
Hey #LoveHateInu Gang!🐕
Yesterday was mad🔥
We whizzed through Stage 6🚀
We're now in Stage 7📢
You know what this means!😎
We are in the penultimate stage of the #Presale!🤑
Don't wait – buy some $LHINU before the final price increase!💰💸https://t.co/Pu2Bo8WOUy pic.twitter.com/unKxp3D8XS
— Love Hate Inu (@LoveHateInu) April 25, 2023
The increasing whale attention to the presale sent the meme coin craze to new heights, taking it from the $6M to $7M milestone in a few hours. Judging by the pace, investors are sprinting to secure LHINU tokens at heavily discounted prices as the token can go 20X by the end of this quarter. That would make the entry to the vote-to-earn platform hefty in a few months. If the presale maintains the momentum, an early sell-out is on the cards, likely in the first half of May 2023.
Given that the crypto market is in no dearth of hollow tokens that feature cute pup logos and the Inu second name, the startling advance of the LHINU presale needs more convincing.
Can Love Hate Inu Maintain the Presale Momentum?
There is no point investing in a cryptocurrency, or any asset for that matter, if it doesn’t have a stable foundation. That could be derived from community strength or the relevance of the project. But as the market proves time and again, community hype dies eventually.
To give you a better picture, SHIB has lost 88.25% of its value since hitting the all-time high of $0.00008845 on Oct 28, 2021. That dulls the allure of Shiba Inu price predictions. The underlying crypto ecosystem should justify the price projections. Or else, the community will crumble down, taking the price on a steep downfall with no signs of return.
Love Hate Inu is one of the few meme coin projects that excel in terms of both community strength and market relevance. It is building a large vote-to-earn ecosystem tapping into meme coin hype. Here, you can vote on things or people you love and earn crypto rewards in exchange for your opinion. If you love the person/thing in question, vote LOVE. If you don’t, vote HATE. You need to stake LHINU tokens to cast your vote. And that’s it. You will earn rewards for sharing your valuable opinion.
Sounds simple?
In Simplicity Lies the Beauty of Love Hate Inu
We have seen plenty of play-to-earn projects enter the crypto market in the last five years. While they are popular, they have high technical barriers. Unless you are an avid gamer with plenty of time to spare, you can’t earn returns from these platforms. The gaming community diminishes with time, taking down the value of the token in effect.
Vote-to-earn targets a wider audience. In fact, it targets everyone who has an opinion. The project will host polls on a wide range of topics from politics to pop culture and economics.
Love Hate Inu dashboard preview
Currently, Love Hate Inu is hosting a demo poll. The person on the podium is Andrew Tate, the British-American social media personality, businessman, and former professional kickboxer. But he is better known for his viral TikTok videos that frequently remind his followers that women belong in the home, can’t drive, and are a man’s property. According to him, rape victims must “bear responsibility” for their attacks, and it’s ideal to date women aged 18–19 because it’s easier to “make an imprint” on them.
“It’s bang out the machete, boom in her face and grip her by the neck. Shut up bitch,” Tate says in a viral video. That would lead any sane person to believe that Tate belongs to the 19th century. Sadly, he is one of the most celebrated people on TikTok. His newfound self-guru persona has won him a large audience among youngsters.
Where is the world headed?!
We don’t know for sure. But the demo Love Hate Inu poll can give us a hint. With $10,000 up for grabs, it has thousands of people coming in to cast their votes every day.
Brand Collaborations Strengthen LHINU Utility & Adoption
The outrageous reception of the demo poll underscores Love Hate Inu’s large scope for growth in the fast-growing online survey market. It doesn’t just tap into the hype around meme coins, but also the hottest news from around the world. The sensational polls will ensure a steady flow of traffic to the platform and sustain the demand for LHINU.
“Look at our demo vote on Andrew Tate. Imagine how this takes off when we start marketing and when one of the personalities gets involved and starts interacting on social media. We genuinely believe we have a project here that can bridge the gap between crypto and the mainstream in terms of adoption. And it isn’t just a gimmicky thing we are building. Love Hate Inu is building a platform that can not just compete with the legacy players in the survey and polling industry, but knock the ball out of the park,” explains CEO Carl Dawkins.
He is an adviser to the UK All Party Parliamentary Group on Crypto and Digital Assets and is known as the brain behind the success of Tamadoge which bucked all trends. It went on an 18X hike within days of going live in 2022, despite bears ruling the market. With Dawkins steering the project and a hot product in the pipeline, Love Hate Inu has a bright road ahead.
Bigger and Better than Shiba Inu
If you’re on the hunt for a token that can replicate the success of Shiba Inu and retain it, Love Hate Inu is the answer. The LHINU presale momentum is here to stay, as the analysis of the underlying project reveals.
Since the presale is moving ahead at a meteoric pace, it is best to invest in the token early. It will sell out any day now. Moreover, the token price undergoes a small increase as the presale moves to higher stages. Love Hate Inu supports presale purchases in ETH, BNB, and USDT.
