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In September 2023, the memecoin market landscape provides an interesting perspective for investors.
In the past, these types of joke-inspired currencies were often overlooked by investors due to their lack of real-world use. However, as the market develops, so do the upcoming projects it’s goldand already established Shiba Inu fighting in the memecoin realm to provide the best Web3 products and maximum profits for their holders.
For years, Shiba Inu made a name for itself as the fastest growing memecoin to emerge since Doge. Apart from that, the project is also working on launching its own blockchain called “Shibarium”.
However, Shibarium’s launch has been plagued with repeated errors and flaws causing many people to lose confidence in the project. A few weeks ago, the highly anticipated launch of Shibarium had to be postponed after millions of investors’ assets were lost on the Ethereum bridge within the blockchain.
However, that doesn’t mean that Shibarium doesn’t have a positive impact. The blockchain recently reached the milestone of one million wallets
However, this increase in users is not reflected in the price of the token. Since the last seven days, $SHIB drops nearly 3%while the monthly chart shows worse conditions 20% devaluation of currency prices.
What’s interesting is that Shibarium’s repeated disappointments throughout 2022 and 2023 have led a group of former $SHIB investors to create their own currency. Golden Inu Token, a project launched in February this year aims to “replace” Shiba Inu’s status as the most utility-focused memecoin.
All month long, it’s gold have been able to make a mark for themselves even while competing with existing tokens. From June to August, the currency strengthened one of the most profitable assets to survive that time period, rewarding its investors yield as high as 1300%.
Apart from that, the project has also experienced several different things security audits to guarantee investors that Golden Inu is not only safe to invest in but also continuously strives to create better code for the token to develop.
How Golden Inu Will Become the Most “Useful” Memecoin.
While most competitors in the memecoin market rely on “internet points” alone to do their bidding, Golden Inu has developed a unique roadmap that includes several different applications that promise to increase the value of its currency, $GOLDEN.
Starting today, September 11, the project is close to launching a new play-to-earn game called “Inuverse Gold” which gives gamers the opportunity to earn GOLD while engaging in a new RPG.
In the future, Golden Inu will also launch new dApps, including a DeFi Market named “Gold Bazaar” which not only allows users to buy and sell products through $GOLDEN but also provides the DeWork platform for those interested in starting a professional Web3 career.
Challenge Swap Shibadevelopers will also work on creating a new decentralized exchange that will leverage the project’s multi-blockchain capabilities to allow the crypto community to exchange multiple tokens in a cheaper and decentralized manner using $GOLDEN as a bridge.
Golden Inu Technical Analysis Indicates Upcoming Bullish Move
Turning our attention to technical analysis, $GOLD is showing promising signs of a bullish surge, reinforcing optimism around its future. That Moving Average Convergence Divergence (MACD) indicator. is a valuable tool for cryptocurrency traders.
MACD, which is known to decipher potential changes in price trends, is currently showing favorable indications for $GOLDEN. When The MACD line crosses above the signal linethis usually signals a shift from a bearish to a bullish trajectory.
In the case of $GOLDEN, that is MACD signals hint at the upcoming gold trend it might be close. Of course, technical analysis alone is not enough to predict a trend. However, pairing the recent performance of $GOLDEN [BEP-20] With upcoming developments poised to increase the value of the currency, GOLDEN holders are likely to experience significant gains in the near future.
dApps Fueled By Gold Treasuries
One of the most interesting features of the Golden Inu project is its unique token burning mechanism.
ubbed”Gold Treasury” This smart contract allocates 50% of the total revenue generated from the project’s dApps to purchase circulating $GOLDEN tokens and burn them autonomously.
The burning process is expected to begin at the same time as the launch of the Golden Inuverse game on September 21.
An important aspect of this approach to foster a deflationary environment in the project ecosystem is its synergy with Golden Inu decentralized applications (dApps). With this methodology, as Golden Inu dApps develop and generate greater prosperity, the value of the native currency also increases.
Currently, investors have the opportunity to invest in the project before starting to burn tokens independently. Furthermore, Golden Inu holders will have the opportunity to see their initial investment grow thanks to the effects of the Golden Treasury.
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