Crypto could be the most ridiculously volatile asset of all time, with coins like Dogecoin and Binance Coin witnessing price jumps that can only be described as insane. Dogecoin saw a 2,100% price increase in 2021, while Binance Coin wasn’t too far behind with a 727% gain.
With such ridiculous price jumps, speculating that a coin could increase by 25x is rather conservative. Looking at the cryptocurrency market in general, you don’t see too many coins doing well, but when one does, it beats all expectations.
This article will analyze a coin crypto traders believe might break the 25x ceiling this year, the Love Hate Inu. Also, online crypto casino players could benefit from this potential price jump to make profits. You’ll also learn how to jump in early to take full advantage of the price jump. As a bonus, we’ll also show you other promising coins to add to your crypto portfolio this year.
What is Love Hate Inu?
If you’ve been following the crypto industry for a while now, you should recognize a pattern with the Love Hate Inu’s naming. It’s similar to coins like Kishi Inu and Shiba Inu with the shared “Inu” suffix. However, anyone analyzing the coin’s anatomy will understand that the similarity is beyond the name alone.
The crypto token runs on an Ethereum-based blockchain and is powered by a voting system, hence the name. To earn Love Hate Inu, users must stake their tokens, vote in polls supposedly about issues that matter, and earn free cryptocurrency.
The entire platform has three subdivisions: a user interface that lets you sign up, connect your wallet, stake tokens, and vote; a vote submission portal where you can submit new polls for the community to consider; and a management dashboard for moderating the polls to protect the community.
Some polls on the website now include voting on whether you love or hate Donald Trump, Elon Musk, or Andrew Tate. Choosing controversial celebrities appears to be a clever move from Love Hate Inu, as it’s attracting so much attention to the website, going by the coin’s presale performance.
Love Hate Inu is still in presale, making it prime time for early investors to jump in and start milking the potential crypto traders predict. In the following section, we’ll show you why there’s so much attention on Love Hate Inu and why it might increase by 25x in 2023.
Why Love Hate Inu Could Rally By 25x in 2023
Like Dogecoin and Shiba Inu, creators positioned the Love Hate Inu token as a meme coin, automatically causing it to inherit some of the characteristics of its predecessors. However, Love Hate Inu isn’t the first crypto token to try emulating Dogecoin; why’s it in the limelight and poised for success?
The answer to that question is simple: it also shares the explosive popularity quality of Dogecoin and Shiba Inu, another crucial trait determining the success or failure of a meme coin. If a crypto project can gather enough people to support it, it will succeed, and if it remains relatively unknown, it will ultimately fail.
In the case of Love Hate Inu, the creators raised a whopping $100,000 in 24 hours, a feat that’s as difficult as it’s rare. If there’s enough interest in the coin to raise $100k capital on launch day, we can safely assume there’s enough interest for Love Hate Inu to be the next Dogecoin.
However, that’s only one of the numerous reasons Love Hate Inu could be the next crypto sensation. Another reason worth noting is its utility as a voting platform. While most meme coins and crypto tokens have no other use apart from simply being a currency unit, Love Hate Inu manages to build something extra into its ecosystem.
Also, there has been plenty of interest in secure online voting, especially since Elon Musk’s Twitter acquisition and his ‘interesting’ polls. Building a platform that lets users voice their opinion through voting while earning in the process is almost the perfect idea today.
How to Buy Love Hate Inu Early
Cryptocurrency assets work interestingly. To be the biggest winner, you must get in when the token is still relatively unpopular, acquire plenty of it, and hope others do the same. However, it’s crucial to emphasize getting in early enough, as that step is necessary for winning big.
In short, you must buy Love Hate Inu early to take advantage of the 25x increase prediction if that ever comes to pass. Buying the coin late when it starts a downward trajectory will almost certainly make you lose money because that’s how cryptocurrency works.
So, how do you buy Love Hate Inu early to avoid the losses associated with buying late? It’s similar to purchasing any other coin. Here are the steps to buying Love Hate Inu before it becomes popular enough to stop being a reasonable investment.
- Get a Cryptocurrency Wallet
If you’re hoping to jump on projects like Love Hate Inu, it wouldn’t be excessive to assume you already have a cryptocurrency wallet. Assuming you don’t, the first step would be getting one. Metamask works seamlessly with Love Hate Inu, so it’s a strong choice if this coin is your first cryptocurrency purchase.
- Buy Tether or Ethereum
You can’t simply enter your credit or debit card details to buy the Love Hate Inu token; you need to buy it using another cryptocurrency from your wallet. The best options are Ethereum and USDT, with USDT being the better choice for users that want an identical unit of value to the US dollar. If you’re after the currency of the blockchain, however, Ethereum is a no-brainer.
- Visit the Love Hate Inu Website
Since Love Hate Inu is still in presale, you’re early enough to benefit from any insane price increments that may happen anytime soon. That said, the only way to acquire the coin during presale is to head over to the Love Hate Inu official website and click the “BUY NOW!” button.
- Connect Your Wallet
After clicking the button, you should get options to connect your crypto wallet, with your choices being Metamask or ‘others.’ Select the most appropriate option to link your wallet to the Love Hate Inu website.
- Purchase the Tokens
Since your wallet is now connected, you can purchase some Love Hate Inu. As explained earlier, the coin is still on presale, making it the perfect time to jump on board if you believe in its vision.
While Love Hate Inu looks very promising, you should always do your due diligence before buying a token. If the coin does not take off, you may lose most of your investment in the crypto asset.
How to Earn Love Hate Inu
Users can stake your Love Hate Inu ($LHINU) to gain voting power that you use during polls to have a say. The platform rewards users that participate actively on the site by voting and staking with more coins which is $LHINU’s plan for users to earn the token.
However, that dream will take some time to materialize, as Love Hate Inu seems more fixated on the presale, at least for now. After the presale, users will have a more realistic demo of how you earn by staking and voting and how all that relates to the blockchain.
According to the official roadmap on the project website, Love Hate Inu will only develop the voting algorithm and show demos to the public after its token presale. The complete roadmap for the Love Hate Inu project is available on the presale page for transparency.
Should You Buy the Love Hate Inu Token?
Crypto traders are not immune to blunders; the Luna crash of 2022 is proof that a popular coin is not infallible. Beginner crypto investors wouldn’t want to invest in the next Luna, 3hich begs the question: should you buy the Love Hate Inu?
The answer depends on what you want in a crypto token. Love Hate Inu is a meme coin that doesn’t hold its value. Similar coins typically gain tons of value overnight, retain it for a few weeks, and fall hard.
However, $LHINU developers are trying to woo investors by offering a utility with the coin to keep it relevant for a lifetime. They’re also selling 90% of the tokens at presale to ensure a tiny group of people doesn’t control the bulk of the assets. Centralizing a token’s ownership will only make it possible for a specific group of people to acquire tons of it to crash the project.
In short, the Love Hate Inu token isn’t your best bet for retaining your money’s value; you can use USDT and other stablecoins if that’s what you want. Its utility in cryptocurrencies is straightforward: if you’re after those meme coins that experience insane price upsurges with a disproportionately high chance of failure, $LHINU is the hottest thing in the market for you.
While Love Hate Inu’s development seems slow, its adoption tells a different story, explaining why the coin will likely be 25x in price before the turn of the year. However, you don’t want to wait until it does that: jump in now and acquire some $LHINU to avoid missing out on the fun.