The Shiba Inu race is one of the most interesting races to follow this year. The project has all kinds of developments planned for 2023, which means that many investors are watching the course with interest.
There is a lot of enthusiasm from the Shiba Inu fan base for a number of developments, while other decisions have a lesser effect. For example, there was a lot to do about the burning of SHIB, but the effect of these burns on the Shiba Inu course minimal.
Shiba Inu Burns Still Too Small For Real Effect
There has been a lot of talk about burning Shiba Inu tokens for a while now; this is destroying the tokens by sending them to an unreachable wallet address. This is talked about because Shiba Inu has a huge total amount of tokens.
Where major meme competitor Dogecoin has incorporated in its technique that new tokens are constantly being added, Shiba Inu has a limited edition. By burning tokens you remove tokens from the network forever, causing more scarcity.
The problem with Shiba Inu burns, however, is that they are currently still completely voluntary. You can burn the tokens through a website and receive other rewards in return, but you are actually choosing to give up some of your value for the greater good of the network.
The fact that the burns are voluntary is also evident from the number of tokens that are destroyed every week. In total there are 590 trillion Shiba Inu tokens available, and if we look at Shibburn we see that about 1.3 billion tokens have been destroyed in a week.
That may sound like a lot, but it’s only 0.0002% of all Shiba Inu tokens. It is therefore logical that these burns have a minimal effect on the price of the meme coin for the time being.
Shiba Inu Price remains within the same range
A lot has happened in the crypto world in the past month, with big risers such as Bitcoin, Dogecoin and Cardano. Shiba Inu, however, has remained the same value for the past 30 days and is still trading around $0.00001.
At the end of 2021, the world looked very different for anyone with Shiba Inu tokens. Then the price rose to $0.00007, making your investment worth 7 times what it is now.
Crypto Whales invest in new meme coin
The fact that the Shiba Inu price has fluctuated in the same range for so long also ensures that crypto whales are gradually moving their investment. In addition, a new meme coin has stood out in recent weeks, which is still available in presale.
It is about this Love Hate Inu, a token based on the same dog as the Shiba Inu project. However, what Love Hate Inu does completely differently is to offer a real use case for the token.
On the Love Hate Inu platform, once launched, anyone can create polls and distribute them through social media. This poll will always have the same two response options: Love or Hate.
Everyone who votes on the polls will be rewarded by paying out LHINU tokens. This Vote-to-Earn mechanism is new in the crypto world and can cause quite a revolution on social media.
New CEO announced – Well-known name in crypto sector
Love Hate Inu may be in the middle of a presale, but they don’t sit still! Last week they announced Carl Dawkins as the project’s new CEO.
The crypto specialist was previously active at Tamadoge, a similar presale that has brought investors more than 10x profit. The experienced CEO will want to take the next step with Love Hate Inu after the presale.
Current phase presale still open for 48 hours
The Love Hate Inu presale has been a huge success in recent weeks. With over $3.7 million in revenue, Love Hate Inu is already one of the best performing presale of the year.
Different phases have been introduced in the presale of the LHINU tokens and with each new phase that starts, the price will increase. For example, you can now buy the token for 0.000105 USDT, while it will run out at crypto exchanges 0.000145 USDT will be.
You still have about 48 hours to invest in the Love Hate Inu presale before another price hike follows. After this period, the token will be available for 0.000115 USDT per token.