Love Hate Inu is a meme token that offers users the opportunity to engage in voting on hot topics and to be rewarded for their opinions. The platform offers users a space to express their opinions on politics, entertainment, and social issues and be part of a community that cares about what they think. The voting system is based on blockchain technology, ensuring that the process is fair, transparent and secure.
The platform is primarily a meme poll creator where the creators will be rewarded in LHINU tokens. Here, users are required to bet their LHINU tokens in order to vote and create personalized polls. They earn rewards in return
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Key features of LH Inu
- It is built on Ethereum and therefore provides a solid dApp infrastructure.
- The Love-Hate Inu platform consists of three key areas: the user interface, the voting platform, the management dashboard
The user interface allows users to link their wallets and engage in votes in real time, earning rewards for doing so. The voting platform allows interested parties to submit new poll ideas for the community to consider. The management dashboard ensures that all active voting is conducted in a way that protects the community
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Note that 90% of the LHINU token supply will be sold during the presale period, and 10% will be reserved for community rewards and cash. The following are the use cases for the LHINU token
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- LHINU tokens can be staked to participate in the latest surveys.
- LHINU token holders can get rewards for using the LH Inu platform.
- Users can create polls
Is Love Hate Inu solving a big problem? Blockchain will definitely help if LH Inu guarantees a high degree of KYC and the participation of a single account in surveys. Second, blockchain-based surveys will always be expensive, will customers finance these ‘fun’ surveys? Otherwise, the platform will only be for ‘fun’ and is unlikely to be commercialized and therefore
unsustainable.
It is currently a moderate case for investments.
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Love Hate Inu Pump like Pepe?
Given the data so far, it’s unlikely that Love Hate Inu will pump like Pepe. Two reasons
- The price didn’t increase on day 2
- The trading volume did not increase substantially on day 2
- Day 1 Price at close: $0.000000006638, Volume: $46 million
- Day 2 Price at close: $0.0000001861, Volume: $74 million
- Day 3 Price at closing: $0.0000001861, Volume: $170 million
Love Hate Inu
- Day 1 Price at close: $0.0001837, Volume: $14.8 million
- Day 1 Price at close: $1.33, Volume: $2315 million
- Day 2 Price at close: $1.27, Volume: $2538 million
- Day 3 Price at close: $1.22, Volume: $1295 million
- The recent high was on the 26th, Price at close: $1.8, Volume: $1701 million
- Day 1 Price at close: $2.38, Volume: $2.6 million
- Day 2 Price at close: $2.68, Volume: $0.26 million
- Day 3 Price at close: $2.21, Volume: $0.21 million
- The recent high was on the 21st, Price at close: $3.3, Volume: $0.8 million
Takeaway
- All 3 cryptocurrencies generated positive returns over a period of 2-3 weeks.
- Pepe was different in two ways
- The only one with a very small unit price.
- Pepe was different with growing trading volumes in the first 3 days (Tamadoge, for example, crashed after day 1)
LH Inu Price Forecast: Competitor Analysis
LH Inu is a meme coin and therefore faces direct competition with existing meme coins on the market. While there are no active votes to earn coins, let’s take a look at other meme coins
- Shiba Inu- Shina Inu is a meme coin based on the Ethereum blockchain. In addition to being a meme coin, SHIB has found its usefulness in games (Shiba Eternity), Metaverse (Shibarium), and DEX (Shibaswap
- Dogecoin- Dogecoin is another popular meme coin that was initially launched as a joke. However, it has developed real-world utilities with time. For example, DOGE is used as a payment method
- Dogelon Mars- Dogelon Mars is a meme token built on ERC-20 standards.
- Tamadoge which was launched a few months ago.
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LH Inu Price Forecast: Current Market Scenario for the Launch of Cryptocurrency
There are hundreds of meme coins on the market, including Dogecoin, Shiba Inu, Floki, Dogelon Mars, Volt Inu, Baby Dogecoin, Tamadoge, Pitbull, MonaCoin, Shiba Predator, Hoge Finance, Safemoon Inu, King Shiba, DogeCash, Chili, PooCoin etc.
Therefore, LH Inu is entering a highly clustered market and must be competitive to survive in the market.
However, not all meme coins are popular at a similar level. One of the most important reasons for the survival and popularity of meme coins is their real-life use case. In simple words, meme coins must develop a certain utility to grow in the cryptocurrency market. For example, Shiba Inu is one of the best meme coins that exist in the cryptocurrency market, and the reason behind its growth is its increase in use cases in various domains
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So, LH Inu can also have a good scope for growth if it expands its use cases.
In addition, according to the data, the size of the global online survey market is expected to grow at a CAGR of 15.5% by the end of 2027. Therefore, it can potentially help in the growth of LH Inu
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LH Inu Roadmap
Below is the roadmap for LH Inu for the coming months:
Q2 2023: This quarter includes the development of the voting algorithm, the launch of platform registration, partnership agreements, and exchange lists.
Q3 2023: Includes the launch of LHINU staking and the launch of the management dashboard.
Q4 2023: This includes developing the capacity of the LHINU community to create personalized surveys and brand-sponsored reward mechanisms.
Q1 2024 onwards: Love Hate Inu aims to integrate the voting system into the main metaverse experiences in 2024.
LH Inu Price Prediction: Conclusion
While LH Inu is a meme coin, it aims to provide real-world utility. Therefore, it has some distinctive features from existing meme coins. However, it doesn’t offer many use cases compared to its competitors. So, it must offer more use cases to survive and beat existing meme coins like Shiba Inu
