Unlike last year, the crypto market is experiencing an upward push in many ways, from the greens in the trading chart to the successful presales of new emerging coins. One such highly anticipated update that the crypto community was waiting for is Shibarium, the layer-2 scaling solution of Shiba Inu, the most prominent meme coin in recent times. Last Saturday, Shytoshi Kusama, the pseudonymous Shiba Inu developer, announced the beta version of Shibarium.
While the launch of the beta version is certainly hopeful for the entire crypto market, there is another meme coin that is making its way through the community with its presale. Love Hate Inu (LHINU) , the new dogecoin, has all the potential to become the next top meme coin.
More about it later in the article, but first let’s take a detailed look at Shiba Inu’s newest update, Shibarium.
Shibarium public beta is live – the much-awaited launch by Shiba Inu
Shiba Inu is one of the top meme coins in the crypto space and launched multiple projects last year, like the Shiba Eternity game and the SHIB metaverse. However, the most-awaited launch was certainly Shibarium. According to Kusama, the lead developer of the project, Shibarium is all set to alter the outdated systems and ways of control that are harmful to the Shiba Inu community. With the early beta test of the decentralized layer-2 network, users will be enabled to build dApps on the chain, power projects, and integrate businesses with it.
The early test is called Puppynet which is only for testing purposes and according to Shytoshi, it is better to not spend tokens on the current version yet. Moreover, the L2 network is expected to increase they burn process where SHIB tokens will mainly depend on the transactions that are made in the network.
Shiba Inu’s latest announcement reasonably piques our curiosity about the other emerging meme coins at present. As we stated earlier, this list is not complete without mentioning LHINU.
Love Hate Inu (LHINU) – the latest meme coin in the market
Love Hate Inu is the new meme coin that is community-focused that comes with a specific use case, along with a smaller circulating supply. It is the first Vote-to-Earn (V2E) platform that runs on the Ethereum network. It enables users to express their opinions about any social issue, political issue, well-known individual, or anything else in the form of “Love and Hate.”
Use cases of LHINU
The fact that LHINU has real-world uses; it has the potential to overtake other cryptocurrencies like Tamadoge. The main objective of this project is to develop a community that actively participates in voting polls and has the ability to design them on a variety of topics. These include business, government, society, leisure, and more. However, in order to be able to vote, you must stake $LHINU, the ecosystem's main token.
By voting and earning cryptocurrency incentives by staking the Love Hate Inu community's native token, LHINU, members may participate in these discussions. Since blockchain technology is used to conduct this vote, LHINU is able to prevent any manipulation of the results.
Before casting a vote, users must stake their tokens for at least 30 days to guard against additional fraud. As a result, their voting power increases with the length of the token stake or the size of their staked coins.
Users are completely anonymous throughout the whole voting process, allowing them to share their views and make their voices heard without any fear or bias. Additionally, for their involvement in platform activities like staking and polling, users are given incentives in the form of rewards.
There is no denying that the success of the project is due to the strong tokenomics of Love Hate Inu. We have seen Dogecoin soar in the last bullish trend, and judging by the presale success of the LHINU, it is safe to assume the same. The native token of Love Hate Inu is capped at 100 trillion. The community is able to purchase 90% of the total token supply in the current presale. The rest is allocated toward liquidity, exchange listings, and community rewards.
Love Hate Inu: On-going presale success
This presale offers 90 trillion LHINU tokens, which make up 90% of the total. There are eight presale phases, each lasting 7.5 days, with price increases at each level. The token's price is projected to climb dramatically once the project is operational from its launch price of 0.000145 USDT.
It has drawn a number of investors since its presale went live. As an investor, you have the opportunity to improve your portfolio's gains right now. So think about investing in this Vote-To-Earn platform and seeing how it rules the cryptocurrency industry in 2023.
Worth mentioning: Folki Inu
Folki Inu is another meme coin to keep an eye on this year since the crypto is seen to be rising despite the volatile market. Folki Inu managed to remain at a market value of US$1.06 billion, even when the major cryptos were going downhill last year.
Shibarium is the much-hyped update that was finally launched by Shiba Inu. However, while this will change the ways of the meme coin, let’s not forget the opportunities that come with emerging coins like LHINU. Investors need to take prompt action to get their LHINU tokens while the presale is still active, as the price is anticipated to increase dramatically before the end of the presale stage. Take advantage of the opportunity to invest in this incredible project now.