Who would have thought that something that started out as a joke would soon become one of the cryptos market's biggest draws? Well, that is what has happened with meme coins. The original, Dogecoin (DOGE), was founded as a joke. Even the other traditional meme coin giant, Shiba Inu (SHIB), was only made as a counter-joke to try to topple DOGE.
As they were originally founded as a joke the projects weren’t really built with any long-term future plan in place. This meant that they could only really rely on their abilities to go viral as a means to grow. Even though they were so limited they still did enjoy periods of great growth normally after celebrities would endorse them on social media.
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Fast forward to 2023 and the meme coin industry has completely exploded. More and more coins are popping up but now they are so much more than meme coins. Love Hate Inu (LHINU) for example, is a new meme coin going through presale that also doubles as a vote-2-earn (V2E) platform. There is a lot of buzz around this project so we will examine it in more detail later.
Its utility though is something that meme coins now-a-days tend to have. They tend to use their meme capabilities as a foundation and then build their ecosystems on top of that. Floki Inu (FLOKI) is a great example of that. The coin has had a great 2023 and its expanding ecosystem is drawing in more and more investors.
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Why Floki Inu is pumping again
Floki Inu (FLOKI) is one of those meme coins that we mentioned that has a lot more going on underneath the surface. The new generation coin launched in the second half of 2021 and soon had an incredible period of growth that saw it reach a high that it has not come close to replicating since.
Unfortunately once it hit that high point it was all downhill from there, the price tanked all the way until the middle of 2022 until it eventually returned to a number very close to its starting price. Somewhat encouragingly though for Floki Inu it never dipped into the read for those that backed the project from the start.
Fast forward to today and the ecosystem has enjoyed serious growth. It is now a site where users can play P2E games, buy and sell on their NFT marketplace, and even get a crypto education at the university of Floki. It is already listed on Gate.io, SuperEx, SecondBTC, and many others and just the other day Crypto.com announced they would now list the popular meme coin.
This will no doubt be great news for the future of Floki Inu, but this precedent of exchanges clambering to list successful meme coins is also good news for new meme coins on the block like Love Hate Inu.
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The presale that is exploding right now
As already mentioned, Love Hate Inu (LHINU) will be the next meem coin to hit the market that the experts expect big things from. If the presale is any indicator for the future these experts are going to be proven right. $100,000 was raised in the first few hours, $1 million in under 10 days, and now the amount sits just above $1.3 million.
Its popularity is tied to the fact that they combined the best a meme coin offers with a fun and interactive V2E platform. Future Love Hate Inu lovers will be able to visit their site to vote on and discuss the most interesting and trending topics in the news and social media. Currently on site you can see some fun examples of polls that have controversial celebrities represented by angel and devil memes of themselves.
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We think experts are particularly high on the project due to the lengths the inventors have gone to behind the scenes to secure its future. For example, 90 percent of the total LHINU allocation will be allocated and sold during presale and only 10 percent on future exchange listings.
This protects against the danger of rug pulls in the future. It also ensures that those that get to be involved in future plans are the buyers that have been in it from the start and so have the project's best interest at heart.
Similarly, Love Hate Inu has put a lot of thought into their user's experience. A stake-to-vote system will be implemented on the site, voters will need to stake LHINU for 30 days before being allowed to vote on polls. This will prevent polls from being spammed or affected in any other negative way. The staking system also ensures voters anonymity so when they vote on polls or discuss topics they need not fear the danger of being cyber bullied for their opinions.
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Voters that stake more LHINU will also have more sway and power over polls, for now the site will be in charge of what polls are created on the site but that will change in the future. Sometime during Q3 they will allow users to propose polls for the future, the community can then decide which polls they wish to put up for a vote.
Conclusion
The meme coin sector of crypto looks set to profit greatly from the upcoming bull run. However, this is deserved, the growth and development the projects have undergone since their joke beginning is very impressive. Floki Inu is certainly one of those impressive projects with an ever expanding ecosystem and we sure it will pump soon.
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However if you have an eye for the future, Love Hate Inu is the coin to choose. The presale is already exploding and as the price goes up every week it will see growth even before its CEX listings later this year. The V2E platform is also expected to double in its valuation in the next few years too so it really has both sides covered when it comes to growth. Expect this meme coin to become one of the hottest cryptos of 2023.
