ArbInu (ARBINU) is dead.
At least, that’s what the price action is suggesting.
Arbitrum’s “most popular memecoin” (according to ArbInu’s website) has been tanking in price in the last few days.
ARBINU/USD was last changing hands at only just above $0.001, having now shed around 90% of its value since setting record highs in March near $0.001.
Bear in mind that over the same period of time, the market capitalization of the broader crypto market has pretty much gone sideways in the $1.1 trillion area.
Sadly for ArbInu HODLers, the utility-lacking meme coin appears to have been nothing more than a pump and dump.
Only time will tell if the Arbitrum-based coin’s dedicated community and decentralized governance structure can breathe life back into the project.
In the meantime, a newer, utility-infused memecoin called Love Hate Inu (LHINU) has been generating a lot of excitement in the crypto space.
The excitement was such that famous anonymous hacker group Anonymous hinted that LHINU could be the next Shiba Inu.
Love Hate Inu – 2023’s Hottest Meme Coin
Love Hate Inu is a new dog-meme-inspired social media polling platform that features revolutionary new stake-to-vote, vote-to-earn blockchain technology.
Users will be able to engage in discussions and vote on the world’s most contentious, debated issues.
For example, the platform, which will be powered by Love Hate Inu’s LHINU crypto token, will allow users to have a say on whether they love or hate divisive figures like Elon Musk, Cristiano Ronaldo and Donald Trump, as well as Andrew Tate.
Given it combines the virality of meme coins and controversial current affairs whilst offering a clearly articulated utility, many observers think Love Hate Inu will catch fire in 2023.
Stake-to-Vote, Vote-to-Earn
LHINU owners will be able to stake their tokens to get a share of the vote on each poll. The best part? Every time an LHINU owner participates in a vote, they will be financially rewarded (hence why Love Hate Inu is being referred to as “vote-to-earn”).
These rewards will be provided by the creator of each poll. The more tokens users stake, and the longer the vesting period, the more voting power they will be handed over each poll.
At first, Love Hate Inu will control what polls exist on the platform, though that responsibility with be handed off to the community shortly after the platform’s launch later this year. This will be done via the launch of a Vote Submission platform, where users will be able to submit their poll ideas for the community to consider.
According to Love Hate Inu’s development team, “the voting system is built on blockchain technology, ensuring the process is fair, transparent, and secure”.
Investors can rest at ease that bots won’t be a problem on the platform. In order to vote, LHINU will need to have been staked for a minimum of 30 days, making it prohibitively expensive/difficult for vote manipulation and spam bots to take over.
Visit Love Hate Inu here
LHINU to ICO Soon
To fund the development of its revolutionary platform, Love Hate Inu had been conducting a presale of its LHINU token.
But the presale was a viral success and has already sold out.
Luckily, investors can still get their hands on the token ahead of its listing across major cryptocurrency exchanges.
Love Hate Inu will use the funds generated from the sale of these additional LHINU tokens to add liquidity.
How High Could Love Hate Inu Go?
Crypto enthusiasts are hyped at Love Hate Inu’s impressive growth prospects, given that it combines two fast-growing niches in one project – that of crypto dog-inspired meme coins and the online survey market.
According to The Business Research Company, the software market grew at a compound annual growth rate (CAGR) of 14.6% in 2022 from $2.79 billion to $3.2 billion, with this market expected to expand to $5.69 billion by 2027, implying a CAGR of 15.5% over the coming years.
Love Hate Inu says its project is “disrupting the online survey market by introducing the first blockchain-powered voting platform capable of recording immutable results via distributed ledger technology”.
Love Hate Inu’s plan to launch the token on exchanges at a price of $0.000145 means that it will have a market capitalization of $14.5 million at launch. However, Love Hate Inu aims to become “the only online polling platform that truly matters”.
If the project enjoys decent growth later in 2023 and achieves milestones in its roadmap, such as handing poll creation to the community, the monetization of Love Hate Inu data via brand deals, and, in 2024, integration into major metaverse experiences, the market cap of its LHINU token could go a lot higher.
If LHINU can reach even 5% of Shiba Inu’s $6.7 billion market cap, that would imply a market cap of over $335 million and an LHINU token price of $0.00335. That’s around 30x versus the current price.
Some think the meme coin could go even higher, with Shiba Inu and other major meme coin prices expected to go significantly higher in the coming years as the crypto bull market returns.
If SHIB and DOGE 5x from current levels, who is to say that LHINU couldn’t hit $0.006, which is 50x above current levels, assuming 1) the platform gains solid traction and 2) the crypto bull market is back.
LHINU Could Do Great, But DYOR Before Jumping In
Early Love Hate Inu investors could do extremely well.
As with any meme coin, early investors have the opportunity to ride the wave of momentum and see significant gains in the short term.
That being said, it’s important to note that meme coins can also be highly volatile, so investors should carefully consider their risk tolerance and investment strategy before jumping in.
The market for meme coins can be highly volatile, and the success of the project depends on a multitude of factors, including market conditions, competition, and community engagement.
It’s important for investors to do their own research and make informed decisions based on their risk tolerance and investment goals.
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