The year of the meme coin has hit a pretty big stumbling block in the last week. The two coins synonymous with the meme coin genre have seen their price tank in the last 7 days and things are not looking good. However, we don't think this is the end of the year of the meme coin.

Love Hate Inu (LHINU) could actually have a lot to do with the faltering price of both Dogecoin (DOGE) and Shiba Inu (SHIB). While many would point to a market dip in general, and they would at least be partially correct, we think there has been a lot of realization in the meme coin sector that the best is yet to come.

When a general market downturn like what we are currently experiencing happens, savvy investors tend to look toward presales to see if there are any altcoins that could be good alternatives to what is currently available. We think that is what is happening with Love Hate Inu as its presale goes from strength to strength and experts predict it could pump 300% more than DOGE and SHIB.

Before we get into what makes Love Hate Inu such a special crypto, let's look at some of the issues DOGE and SHIB are currently facing.

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DOGE and SHIB price tank could continue

We will start with Dogecoin (DOGE) but you will quickly see that both coin's 7-day charts are depressingly similar for investors. As you can see on the 19th and 20th of April there was a brief price recovery. This was because 4/20 is also known as 'Doge Day' and many were hoping Elon Musk would announce something in relation to the crypto.

Unfortunately what happened was the SpaceX launch of their rocket, Starship. This was initially considered great news that this launch was happening on 'Doge Day', however then the rocket crashed and burned and so did the price of DOGE.

Expectations are that this price drop will continue and what does not help DOGE is the mass migration of meme coin investors from the traditional big two to the new coin Love Hate Inu.

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As you can see the Shina Inu (SHIB) price chart is strikingly similar to the Doge one. Unfortunately, the outlook for SHIB could be even worse as some experts believe it could hit $0 this year. SHIB's technical indicators show the meme coin might be just at the start of a terrible price fall. DOGE's oldest competition is also suffering as its current price is way below its 50-day moving average.

This is all a bit strange as SHIB has made some very positive moves this year. Especially with the introduction of Shibarium, the first-ever layer-2 network for a meme coin. This spelled big things for the project as transactions could be completed much faster and cheaper. It also seemed like it would be great news for meme coins in general however it doesn't seem like that just now.

So, while things are looking bleak for DOGE and SHIB it seems unlikely another meme coin would be making so much progress, but that's what's happening with Love Hate Inu as its presale surpasses $5 million and shows no sign of slowing down.

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Love Hate Inu-  Will pump 300% more than meme coin rivals

As we have already discussed there is a huge amount of excitement surrounding the Love Hate Inu (LHINU) project and that is reflected in the presale. The $5 million point was passed late last week but it looks like it won't be slowing down anytime soon. The current price for one LHINU is $0.000125 but the launch price will be $0.000145 so whales seem to be going in hard right now to get the best return on investment once the CEX listings begin.

But what makes Love Hate Inu so popular? A mixture of virality and utility. Every meme coin needs the ability to go viral and Love Hate Inu seems to have found the perfect recipe for this. The memes and illustrations on the page are super fun and a great start but it is where the utility comes in that really makes it.

That is because Love Hate Inu doubles as a vote-2-earn (V2E) platform. How it works is pretty simple and there are currently three examples on their site, they ask you whether you love or hate this celebrity. Each celebrity is represented by a hilarious angel and devil version of themselves that will very much help with virality.

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It is the V2E aspect that we think will really make it go viral though. Just imagine people see polls where they completely agree or disagree with the result of said poll, they will almost certainly share the poll and voice their opinion on one or more of the various social media platforms thus the likelihood the coin will go viral over and over again.

To be honest, we could end the article here and we think it is enough to show LHINU will pump 300% more than DOGE or SHIB but there is more. Love Hate Inu is really learning from mistakes other meme coin projects have made as they are taking their user's security and the security of the whole project very seriously.

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In regards to the latter, 90% of the total allocation of LHINU will be sold during presale and the other 10% will be kept for CEX listings. This is a very smart move as it prevents a rug pull once the coin launches, which is unfortunately a very common outcome for mem coins.

Then for their user's security, they have put in place a stake-2-vote system. This will both ensure a voter's anonymity and protect the polls from spamming or any other activity that could undermine the voting system. Users that wish to vote will have to stake for 30 days before they will be allowed to but the more you stake the more power you will have including being able to suggest your own polls in the future.

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Conclusion

So while DOGE and SHIB crumble, Love Hate Inu is on the way up and we can't help feeling the two are linked. Savvy investors are noticing that LHINU has way more potential to go viral and has better utility. It is for this reason that we believe it will pump at least 300% more than traditional giants of the meme coin sector.