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We are currently experiencing market conditions we have not seen since we first started to come out of the pandemic. 2023 has truly been a blessing for the market after it experienced one of its worst periods ever at the back end of 2022.
The new year began with a bull run and it has been a case of start as you mean to go on for the market as a whole. Sure there have been some blips along the way but generally things have been pointing upward. The emergence of presales as successful as Love Hate Inu (LHINU) and the recovery of traditional giants Bitcoin (BTC) and Ethereum (ETH) shows how the growth is really market-wide and indicates this is not a flash in the pan thing and should continue through Q2 and beyond.
There was a lot of caution preached after the first bull run of the year that it likely wasn't sustainable and even as Bitcoin and Ethereum continued to grow after the run on traditional banks some experts were still saying the growth would slow due to interest rate hikes. Well, that hasn't been the case and even though news coming from the feds suggests rates will still not be slashed by Q3 there is still positive buzz around the market.
Now even the most skeptical of analysts are starting to change their tone. There has been too much growth market-wide to dismiss it as anything other than real. Bitcoin (BTC) and Ethereum (ETH) are the market's two biggest currencies so their price movement tends to be mirrored by the market as a whole. It is their continued positive movement that has won over the doubters.
In the chart above we can see Bitcoin's growth over the last 3 months. This is the reason many believe it can return to the heights of 2021 and finally break $60,000 again. It has already seen growth of over 55% since the start of the year and that's even after the disappointment of interest not being slashed as they were predicted to be at the start of the year.
So imagine what will happen to the price once these rates finally slow and are cut? The price will likely go through the roof! This is on top of the news that has been consistently flowing in from around the world about countries softening their views of Bitcoin and many taking steps toward hiring regulators so as to introduce it to their markets in the future.
When we take all the above into consideration and the fact that eventually, inflation rates will have to stop, we think $60,000 might even be a modest marker for Bitcoin in the next few years.
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Unlike Bitcoin, Ethereum has been experiencing growth due to events happening within the ecosystem. On April 12th the long-awaited Shanghai upgrade took place. This was the first time ETH holders could finally withdraw the native currency and any rewards they had incurred.
Some experts feared this would plummet the price of ETH due to a mass withdrawal of funds but it looks like it has mostly been the rewards that have been withdrawn. This of course strengthens Ethereum's position as clearly, their holders believe in the project long-term.
Just looking at the chart above we can see nearly 75% growth in just the last 3 months alone. Just like with Bitcoin, the $6k barrier actually feels like it will be broken by Ethereum a lot sooner than many would have thought a little while ago.
While these traditional giants look set to continue to pump the presale of Love Hate Inu (LHINU) is gathering a similar amount of attention, let's see why!
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It is nearly unheard of that a presale coin would be in the news as much as coins like Ethereum and Bitcoin, but Love Hate Inu (LHINU) is no ordinary coin and it represents the most exciting project on the market right now.
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The presale is still not even two months old and already it has raised over $4.5 million. Why is this the best investment opportunity right now? Well, firstly it's the very first meme coin/V2E platform meaning it will have the virality of a meme coin and the utility of a staking coin. We think that once launched it will easily pump to $2 and beyond.
One look at the site now and you will see why experts and influencers can't dedicate enough words to this crypto. For example, it is showing its future users the kind of polls they will be able to vote on, they have a 'do you love or hate celebrity x' poll currently to view. Each celebrity is represented by a hilarious angel and devil meme version of themselves.
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This of course will draw in the influencers but the experts have been drawn in by the very comprehensive white paper. Love Hate Inu is really thinking about the future and security of their project. 90 percent of the total coin allocation will be sold at presale to prevent a dodgy rug pull from happening once the coin goes to its CEX listings, this also ensures only the real LHINU lovers will have a say in any future company decisions.
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If you weren't sold on Love Hate Inu being the best investment opportunity on the market they also put their user's experience to the forefront. A stake-2-vote system will be implemented that requires users to stake LHINU for 30 days before they can vote. This in turn ensures a voter's anonymity which will also be useful in the discussion platform that will be available under polls.
The more you stake the more control you will have over these polls. Also, in the future, users will be able to suggest and run their own polls. This is to harvest a community vibe and the users will need to put forward their own LHINU to run the poll. There can then be a lively discussion about what polls should go on the site, giving a lot of the power to the users.
The price of LHINU once launched will be $0.000145 so predicting a growth spurt to $2 is ambitious. However, the market has not seen a meem coin with its capabilities before so we think it will blow the competition out of the market and soar past $2 in the future.
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It seems to be good news all around for the crypto market, we have incredibly successful presales like Love Hate Inu ongoing, and traditional giants Bitcoin and Ethereum look set to reach previous highs. Of all 3 Love Hate Inu is by far the best investment opportunity, its room to grow is far bigger than the other two and it can be bought at a rock bottom price meaning investors can stockpile it before it pumps.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
