Potential Threat to DOGE & SHIB Prices Due to New Competitor Developments
The market downturn has hit traditional meme coin giants Dogecoin (DOGE) and Shiba Inu (SHIB) hard. As both coins have taken a substantial price dip, investors are now anticipating a new generation of meme coins. The Love Hate Inu (LHINU) and Tamadoge projects, which offer multiple utilities beyond being a meme, are predicted to outperform DOGE and SHIB in the cryptocurrency market of the future. LHINU’s utility doubles as a vote-2-earn (V2E) platform where users can vote on different topics. The project has garnered investors’ trust due to the commitment to safety and the future. LHINU’s stake-2-vote system allows users to stake before they can vote. The anonymity of the voters ensures their protection against ridicule. Tamadoge, on the other hand, has added new and innovative P2P arcade games to its ecosystem and has plans to add augmented reality games in the future. The project had a successful presale, raising $15 million. A listing on ByBit, the fourth-largest exchange, may see Tamadoge’s price surge as more people get introduced to what should be one of the top-ranking meme coins. TAMA is currently ranked sixth but is expected to move up the ladder soon after the ByBit listing. The fall of DOGE and SHIB seems to have more to do with the rise of new-generation meme coins like LHINU and Tamadoge, which are perceived to have more utility and properties, making them better prepared for the crypto market of the future. While investing in LHINU at a presale price is an attractive opportunity, TAMA is currently buy-low, and investors may expect it to take off after the ByBit listing.