After last week’s debacle with Shibarium when the SHIB Discord group noticed some serious issues with the project’s beta testnet, the popular meme coin started this week on the right foot.
Shiba Inu went up by 4.2% since Monday but is still in a monthly red zone after last week’s drastic decrease.
While the team has successfully mitigated some of the main concerns, many investors have lost confidence in the Shibarium project.
Whether the downtrend is behind us is still uncertain, with many seasoned analysts suggesting that we should shift our focus toward the fast-rising meme coin Love Hate Inu (LHINU).
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Shiba Inu Team Mitigates Damages from Shibarium Debacle
Shiba Inu caught the attention of the crypto industry in these past few weeks after announcing a huge development for its blockchain network – Shibarium.
The main purpose of Shibarium is to create a decentralized ecosystem where users can trade cryptocurrencies faster, using Layer 2 solutions.
However, the good sentiment was cut short when the Discord members noticed that this Layer 2 network was using an identical chain ID for a project unrelated to Shiba.
This prompted headlines that Shiba Inu stole the source code, which led to huge price drops for SHIB, BONE, and LEASH tokens.
The Shiba Inu team immediately addressed the issue by saying that Shibarium chain IDs were randomly picked and that it was a complete accident that the beta ID turned out as a Rinia duplicate.
It seems that they’ve successfully mitigated the damages as Shiba Inu starts this week off on the right foot, with a 4% increase since Monday.
Shibarium is still in beta testing so it’s going to take a while until holders see any real uptrends, but some solid gains are certainly possible with SHIB’s Metaverse also planned to be released later this year.
But despite all this, many industry analysts suggest that much bigger gains lie in the new meme coin Love Hate Inu (LHINU).
Love Hate Inu Is Revolutionizing the Survey Industry
The era of meme coins like Dogecoin and Shiba Inu succeeding without any real-world use cases is practically over.
Nowadays, for a meme coin to thrive and truly grow as a valuable community asset, it needs real-life utilities that appeal to larger user bases.
This is exactly why Love Hate Inu is projected to bring huge gains in the following months – it aims to digitalize and revolutionize the billion-dollar survey industry.
Love Hate Inu features unique advanced technology and it runs on a Vote-to-Earn (V2E) model that enables users to cast votes in interesting surveys and express their opinions. Users who participate in the surveys are rewarded with LHINU rewards.
While other meme coins are trying to leverage some insignificant use cases, Love Hate Inu is the first-ever project with this type of concept and experienced investors believe it’s set for huge profits.
LHINU is built on the Ethereum blockchain, which means survey and poll voting is completely transparent and tamper-proof.
To avoid any sort of manipulation, all voting results will be publicly displayed on the platform.
Decentralized Community Key Component for Rapid Growth
Most meme coins heavily rely on their communities when it comes to future project growth and development. If the members stay active, there’s a much bigger drive for the token to succeed.
With Love Hate Inu, the developers have decided to enable community members to make suggestions and recommend different innovations for how the project should further develop. They can also organize polls about the societal issues that matter the most to them and share their opinions.
Furthermore, the whitepaper shows that this V2E meme coin will allow users to hold up to 90% of the total 100 billion LHINU tokens ever created.
By allowing the community to get in hold of 90% of the circulating token supply, it shows investors that there’s no rug pull danger associated with it as fairness is one of its main principles.
So far, we’ve seen a lot of positive sentiment for Love Hate Inu and many signals show that its community will be active and impact its future growth exponentially.
With the power to modify, create surveys/polls, vote, and earn crypto rewards, there’s no shortage of incentives for the community to engage.
Love Hate Inu (LHINU) Presale Already Making Headlines
Even though Love Hate Inu’s presale started less than two weeks ago, it’s already exploded with more than $1.3M raised in record time.
At the time of writing, LHINU is in presale Stage 2 and priced at $0.00009 USDT, with six more stages remaining until the end. The exchange listing price will be $0.000145 USDT.
If you want to join the early investors and profit from LHINU once it goes viral, now is the best time to get in.
Conclusion
Even though there’s still a chance for Shiba Inu to see some solid gains after Shibarium ends its beta testing, it could be years until this update is fully in place.
According to numerous experts and crypto influencers, it’s much better to focus on the revolutionary V2E crypto Love Hate Inu while it’s still in presale and on a discount.
With 30-50x gains expected (at least), now is the perfect time to get your first batch of LHINU and watch as the meme coin explodes in the following months.
