Love Hate Inu (LH Inu) Price Prediction: Can it compete with the existing meme coins?

LH Inu Presale: Love Hate Inu is entering an already competitive market. Is the differentiation strong enough for buyers to pursue?

LH Inu Pre-sale Update

Love Hate Inu has raised $2.2 million so far.
LH Inu is in its third stage of Pre-sale.

Love Hate Inu Price Prediction: Is Love Hate Inu a Good Investment?

Love Hate Inu is a meme token that offers users an opportunity to engage in voting on hot topics and get rewarded for their opinions. The platform provides a space for users to express their views on politics, entertainment, and social issues and be part of a community that cares about what they think. The voting system is built on blockchain technology, ensuring that the process is fair, transparent, and secure. The platform is primarily a meme poll creator where the creators will be rewarded in LHINU tokens. Here, the users are required to stake their LHINU tokens to be eligible for voting and creating custom polls. They earn rewards in return.

Key features of LH Inu

It is built on Ethereum and hence provides a robust dApp infrastructure.
The Love-Hate Inu platform consists of three key areas – The user interface, The vote submission platform, The management dashboard

The user interface enables users to connect their wallets and engage in real-time votes, earning rewards for doing so. The vote submission platform allows interested parties to submit new poll ideas for the community to consider. The management dashboard ensures that all active votes are conducted in such a way as to protect the community.

Note that 90% of the LHINU token supply will be sold during the presale period and the 10% will be reserved for community rewards and liquidity. The following are the use cases of the LHINU token:

LHINU tokens can be staked to participate in the latest polls.
LHINU token holders can get rewards for using the LH Inu platform.

Is Love Hate Inu really solving a big problem? Blockchain will certainly help if LH Inu ensures a high degree of KYC and single account participation in the polls. Else, the platform will be just for ‘fun’ and unlikely to be commercialized and hence unsustainable.

At the moment it is a moderate case for Investment.

LH Inu Price Prediction: Competition Analysis

LH Inu is a meme coin and hence it faces direct competition with the existing meme coins in the market. Here, we’ll have a brief look at the major meme coins existing in the market:

Shiba Inu- Shina Inu is a meme coin based on the Ethereum blockchain. Apart from being a meme coin, SHIB has found its utility in gaming (Shiba Eternity), Metaverse (Shibarium), and DEX (Shibaswap).
Dogecoin- Dogecoin is another popular meme coin that was initially launched as a joke. However, it has developed real-world utility with time. For instance, DOGE is used as a payment method.
Dogelon Mars- Dogelon Mars is a meme token that is built on the ERC-20 standards.

Love Hate Inu Price Prediction: Price movements of the current meme coins

Following are the price movements of the top meme coins existing in the market:

Past performance of Shiba Inu

Last 7 days: -4.3%
Last 1 month: -16.2%
Last 6 months: -9.5%
Last 1 year: -51.6%

Past performance of Dogecoin

Last 7 days: -0.4%
Last 1 month: -13.9%
Last 6 months: +17.1%
Last 1 year: -37.4%

We conclude from the above data that the last one year wasn’t a great year for meme coins. Thus, LH Inu needs to be more competitive and useful to perform well in this scenario.

LH Inu Price Prediction: Current market scenario for the crypto to be launched

Hundreds of meme coins exist in the market, including Dogecoin, Shiba Inu, Floki, Dogelon Mars, Volt Inu, Baby Dogecoin, Tamadoge, Pitbull, MonaCoin, Shiba Predator, Hoge Finance, Safemoon Inu, King Shiba, DogeCash, Chili, PooCoin etc.

Therefore, LH Inu is entering a highly clustered market and it has to be competitive to survive in the market.

However, not every meme coin is popular at a similar level. One of the most important reasons for the survival and popularity of meme coins is their use cases in real life. In simple words, meme coins have to develop some utility in order to grow in the crypto market. For instance, Shiba Inu is one of the top meme coins that exist in the crypto market and the reason behind its growth is its increased use cases in various domains.

Hence, LH Inu can also have a good scope of growth if it expands its use cases.

Furthermore, as per the data, the global online survey market size is expected to grow at a CAGR of 15.5% by the end of 2027. Thus, it can potentially help in the growth of LH Inu.

LH Inu Roadmap

The following is the roadmap for LH Inu for the upcoming months:

Q1 2023: The first quarter of 2023 includes the token & social accounts launch and the token presale.

Q2 2023: This quarter includes the development of the voting algorithm, the launch of platform signup, partnership agreements and exchange listings.

Q3 2023: It includes the launch of LHINU staking and the launch of the management dashboard.

Q4 2023: This includes the development of the LHINU community’s ability to create custom polls and brand-sponsored reward mechanisms.

Q1 2024 Onwards: Love Hate Inu aims to integrate the voting system into major metaverse experiences in 2024.

LH Inu Price Prediction: Conclusion

While LH Inu is a meme coin, it aims to deliver some real-world utility. Thus, it has some distinguishing features from the existing meme coins. However, it doesn’t offer many use cases when compared with its competitors. Hence, it must deliver more use cases to survive and beat the existing meme coins such as Shiba Inu