Bitcoin, the world’s most popular cryptocurrency with 40% market share, crossed the $10 billion trading volume mark this weekend.
The crypto market leader has seen several good runs in the recent past, and sources say that it may soon hit the market bullish.
At press time, the trading volume of the leading crypto asset is $13 billion, a surge that could see the crypto market returning to winning ways.
While interest in bitcoin is rising as global financial markets falter, many investors are paying close attention to fledgling crypto project Love Hate Inu.
Meme Project is loaded with various utilities as it provides users with an opportunity to vote from trending meme polls and earn.
Is Bitcoin Bound To Serve As A Catalyst For A Bull Run Or Not?
digital currencyInvented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto, January 2009 saw its first public use case.
At press time, the current market capitalization is $27,635.34, indicating positive growth with an increase of 1.13% over the last 24-hours.
The big league cryptocurrency coin ranks first on the global crypto ranking chart with a live market cap of over USD 500 billion.
Its technicals suggest the 50-day moving average at $26,984.58 and the 200-day moving average at $21,000 suggest that the asset is on a positive bullish streak.
The Relative Strength Index (RSI) oscillator figure 60.19 shows that the virtual asset is currently in the underbought zone.
The moving average convergence divergence (MACD) of $BTC, on the other hand, shows an orange signal line above the blue trendline, indicating a strong sell signal.
Bitcoin: The $2 Trillion Market Maker
since its advent as a decentralized crypto assetsBitcoin has been the main star in the nascent industry.
With a market share of over 40%, the property is a major phenomenon in terms of market sentiment and trends.
The top crypto dog has since gone on to feature an entire ecosystem, reaching $2 trillion-plus in its heyday.
Because of the utility cryptocurrencies are now capable of, new projects are being launched to solve real-world issues. One such is Ethereum-based love hate inu,
One-of-its-kind vote-to-earn platform
love hate inu is an innovative Vote-to-Earn (V2E) Decentralized token platform built on the Ethereum blockchain ecosystem.
The innovative project has already raised over $5.7 million in its presale phase.
Early-bird investors have jumped on the meme bandwagon, with the ERC-20 token available for as low as $0.000125.
$LHINU The pre-sale is currently averaging an impressive $120,000 in sales per day.
The appeal of the project lies in its unique approach to Meme Coins, allowing users to stake and vote assets on a wide range of topics including regular celebrity favourites, national and international policies and even financial policies. can do.
The Love Hate Innu platform also allows users to participate in sponsored polls from both Web3 and traditional companies, with prizes ranging from non-fungible tokens (NFTs) to metaverse-themed assets.
The V2E project also aims to disrupt the $3.2 billion online survey market.
With a focus on fun through memes, Luv Hate Inu will easily attract the much younger audience who are largely missing in the feedback ecosystem.
Furthermore, Love Hate Innu aims to provide a space for individuals to make their voices heard and be part of a community that values their opinion.
The blockchain infrastructure eliminates any possibility of corruption or manipulation, making it an ideal platform for online community voting.
What sets $LHINU apart from others meme coins Like DOGE, it is focused on adding real value for long-term hodlers.
This is because it provides a deflationary token framework.
With only 10 billion tokens ever created, the Love Hate Inu team will make 90% of their tokens available, with the remaining 10% held by the team.
Given that Love Hate Inu is already teasing a Tier-1 exchange listing, the chances of the V2E project becoming a fan favorite among crypto investors are high.
The cryptocurrency project is also launching a $10,000 campaign giveaway for investors.
Disclaimer: The industry talk section features insights by crypto industry players and is not part of the editorial content of 0xnews.com