When Shiba Inu (SHIB) first came out, it was hailed as the “Dogecoin killer.” However, it fell short of expectations, only managing to make gains for a single week in October 2021, before it was labeled as a pump-and-dump operation. As a result, many investors lost faith in the token.
Recently, a new cryptocurrency has been making waves – Love Hate Inu (LHINU). In just the first few weeks of the presale, LHINU raised more than $3.8 million, showing the trust investors have in it. What is it that makes LHINU so special and why will it be bigger than Shiba Inu?
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The Advantages Love Hate Inu Hold Over Shiba Inu
Comparing LHINU and SHIB is done by looking at three key differences: utility, supply, and potential for growth.
Utility – LHINU has a clear purpose within the Love Hate Inu ecosystem, while SHIB relied on hype created by its backers. LHINU will be used to power transactions on the platform, including rewards for voters. This ensures that there will always be a circulation of the token, driving its value up.
Supply – Shiba Inu was released with a total supply of one quadrillion tokens, which was a joke but it turned out to be one of the major causes of its downfall. Most of the SHIB supply is still locked in an anonymous wallet, which can be used to flood the market at any time. LHINU has a supply of 10 billion tokens, with the usual distribution between segments.
Potential for growth – LHINU’s potential for growth is what draws investors to it. As the platform gains traction, the demand for the token will increase. LHINU’s value won’t be affected by usual crypto market volatility or celebrity shenanigans, and its price will reflect the value of the entire platform. SHIB was only reliant on meme power and it’s unclear if it can make any major gains.
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Love Hate Inu’s Plan to Disrupt the Survey Industry
The survey industry is set to be worth $3.4 billion in 2023. Love Hate Inu hopes to take a large portion of this with its Vote2Earn (V2E) concept. V2E is a blockchain-based solution that will offer cheap and reliable polling on any topic imaginable. It will provide an in-house solution that can be used by anyone, eliminating the need for expensive pollsters and marketing agencies. The potential was too good for investors to pass on, and the presale token allotment was snapped up quickly.
The LHINU token is poised to be a major disrupter in the industry, completely changing the way online polls are organized and conducted. This is great news for investors, as its premiere on crypto exchanges will be earlier than expected.
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Conclusion
Love Hate Inu and Shiba Inu are two very different crypto projects. LHINU is one of the most ambitious projects seen this year, with massive growth potential. Its ceiling is high and it can become a major disruptor in an industry worth billions. Most experts agree that LHINU will be much bigger than SHIB ever was.