How nice it has been in 2023 to be writing about positive news more often than not. 2022 in many ways felt like it could be the death of crypto after one bleak storyline led into another and the market as a whole tumbled. Now it seems we have bull run after bull run as the arrow seems to always be pointing upwards.
Things are looking so good that we can finally believe that traditional giants, Bitcoin (BTC) and Ethereum (ETH) could be about to get back to previous highs. There are strong indications in both ecosystems that the growth they have experienced so far this year is no fluke and that we can expect similar things for the rest of the year.
Traditional giants like BTC and ETH doing well is often a good sign for the rest of the market as they tend to raise the game of those around them. The suspicion that rates in the US could soon be slashed for the first time this year has led to increased market activity as everyone tries to find the next big presale. Love Hate Inu (LHINU) is the coin on everyone’s lips at the moment as its presale is having unprecedented success amid a lot of buzz from experts and influencers.
We will examine its potential growth later but first let’s take a look at how the big two are going to fare for the rest of Q2 and beyond.
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Love Hate Inu- The meme coin that will break $1
The presale of Love Hate Inu (LHINU) has been one of the talking points of 2023 so far. Despite being less than 2 months old the $5 million mark will likely be hit very soon. It is because of this that many experts are predicting that the meme coin will break $1 once it is listed on exchanges later this week.
What makes it such a popular coin at the moment is that it is the first meme/V2E crossover, giving it more utility than any meme coin that has gone before it. Users will have hours of entertainment voting on the topics that interest them while also being amused by the illustrations and memes that come with the site.
For example right now if you wish to take a look at the presale page you will see an example of three polls, the site is asking do you love or hate three celebrities. Each celebrity is represented by two hilarious memes, one portraying them as an angel caricature of themselves and one a devil.
However, the reason we think it will break $1 is because it isn’t all just flashy illustrations and fun. One look at the white paper will show the inventors have really thought about the project’s security and its future. For example, 90 percent of the total allocation of LHINU tokens will be sold during presale. This ensures the future of the project as it will not fall victim to a rug pull type scenario later on and it only gives power to those that care about the long term direction of the crypto.
They are also keeping their investors in mind. A stake-2-vote system will be in place to make sure that the polls can not be rigged in any way but also to ensure voters will remain anonymous. This is also important as a discussion platform will be available for voters so they will be able to discuss their opinions freely without fear of ridicule.
There are so many reasons to believe it will break $1 it really is no surprise the presale is such a success so far. LHINU can still be purchased at $0.000115, so those that invest now will see a huge return if the meme coin hits the highs expected of it.
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Bitcoin likely to continue pumping
So, Bitcoin (BTC) has been through an up and down week where it has ended up back at the same price which is just below $30,000. Many experts initially predicted this number would be an indicator and that if it broke that mark it would continue pumping.
That is still likely to happen, it will just be a slower process. As we can see from the chart the last month has still seen a great period of growth even if it has tapered off a little. There is much conflicting talk about interest rates with a lot of the short term buzz indicating that it may still get worse before it gets better.
However news in Argentina that they have approved the Latin America region’s first Bitcoin futures contract offering shows that regulators worldwide are softening in regards to crypto and it is likely once interest rates slow down the coin will easily pass $50,000 and beyond.
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Ethereum currently out growing Bitcoin
Many experts were worried that the Shanghai upgrade could be the death of Ethereum (ETH) as they forecasted a mass exodus of funds from the platform now that staker ETH could finally be removed. However that has not been the case and instead the price has seen significant growth as investors have only taken out their rewards as they remain confident in the future of Bitcoins main competitor.
Given the price and size of ETH it is affected by similar macro events that Bitcoin is. So, much of the above information applies to it too. As we can see from the chart above though it is growing at a much higher rate as the price shot up by over 12% in the last 7 days.
This growth is likely to continue at a rapid rate and the $5 thousand mark is likely to be passed sooner rather than later. We predict both BTC and ETH to continue to pump but neither will be able to compete with the growth of Love Hate Inu.
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Conclusion
The market is enjoying a period of growth not seen since post pandemic levels. Traditional giants like Bitcoin and Ethereum are predicted to hit important milestones soon as they look to pass $50,000 and $5,000 respectively. While their growth is good news it will pale in comparison to Love Hate Inu which is predicted to see growth of over 850%. Interested investors should pounce now before the CEX listings to see maximum return.
