Bitcoin Price Prediction As BTC Trading Volume Passes $10 Billion This Weekend – Where Is BTC Heading Now?
Bitcoin, the world’s most popular cryptocurrency with a 40% market share, shot past $10 billion in trading volume earlier this weekend.
The crypto market pioneer has seen several good runs recently and sources say it could have a big impact on the market’s bullish run soon.
At press time, trading volume for the premier crypto asset is at $13 billion, a boom that could see the crypto market return to winning ways.
As interest in Bitcoin increases as the global financial market falters, more investors are keeping a close eye on the fledgling crypto project Love Hate Inu.
The Meme Project comes packed with various tools as it gives users an opportunity to vote and earn from popular meme polls.
Is Bitcoin bound to serve as a catalyst for a bull run or not?
The digital currency, invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto, saw its first public use case in January 2009.
At press time, the current market capitalization stands at $27,635.34, with an increase of 1.13% in the last 24 hours, indicating a positive uptrend.
The big league cryptocurrency coin ranks first on the global crypto ranking chart with a market capitalization of over USD 500 billion.
Its technical data suggests a 50-day moving average of $26,984.58 and a 200-day moving average of $21,000, suggesting that the asset is on a positive bullish streak.
The relative strength index (RSI) oscillator number of 60.19 shows that the virtual asset is currently in the underbought zone.
$BTC’s Moving Average Convergence Divergence (MACD), on the other hand, shows the orange signal line above the blue trend line, indicating a strong sell signal.
Bitcoin: The $2 Trillion Market Maker
Since its adoption as a decentralized crypto-asset, Bitcoin has been the star of the nascent industry.
With a market share of more than 40%, the asset is a major phenomenon in terms of market sentiment and trends.
The crypto top dog has since facilitated an entire ecosystem, reaching plus $2 trillion in its heyday.
Because of the utility cryptocurrencies now enable, new projects are being launched to solve real-world problems. One such is Ethereum-based Love Hate Inu.
Unique 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 the pre-sale phase.
Early investors have jumped on the meme bandwagon, with the ERC-20 token available for as little as $0.000125.
The $LHINU presale is currently averaging $120,000 per day.
The project’s appeal lies in its unique approach to meme coins, allowing users to stake assets and vote on a wide range of topics, including common celebrity favorites, national and international policies, and even financial policy.
The Love Hate Inu platform also allows users to participate in sponsored polls from both Web3 and traditional companies, with rewards 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 its focus on fun through memes, Love Hate Inu will easily draw in a much younger audience that has largely been missed in the feedback ecosystem.
Additionally, Love Hate Inu aims to provide a space for individuals to make their voices heard and become part of a community that values their opinions.
The blockchain infrastructure eliminates any possibility of corruption or manipulation, making it an ideal platform for online community voting.
What sets $LHINU apart from other meme coins like DOGE is its focus on adding real value for long-term hodlers.
This is because it offers 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 IPO, the chances of the V2E project becoming a fan favorite among crypto investors are considerably high.
The crypto project is also launching a $10,000 campaign for investors.
Visit Love Hate Inu now
Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com
