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It is without a doubt one of the most exciting events in the cryptocurrency field in recent memory, as seen by the current increase in the price of cryptocurrencies (bull run). NFTs (non-fungible tokens) surpassed all expectations at the start of the year 2021, with a total market capitalization of up to $10 billion recorded by the end of the third quarter of the year. Reports of all-time highs abound in the media every day, with some people doubling or even tripling their gains in a short period of time, raking in mind-boggling amounts of money in the process. In addition to the enormous gains, the rise of meme currencies has been a prominent component of the current bull market for quite some time now. While it is true that meme currencies have emerged in the past, it is safe to assert that this is the first time we have seen them in such large quantities. Real-world examples include the Wakanda Inu meme coin, which is based on an African motif and was only just created. But what exactly are these meme coins, and are they worth all of the hype and attention that has surrounded them?
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Memes are hilarious videos, images, or texts that make light of a certain social or cultural phenomenon. Meme coins are related to memes, which are essentially joking currencies. The already-popular phrase "I want dey do now" is an excellent illustration of this. To put it another way, meme coins are digital tokens that are inspired by popular social media trends, jokes, or movies, among other things.
The number of various sorts of meme coins is in the hundreds, but the most popular and most valuable are those known as OG (original gangster) meme coins, which are the most popular and have the largest market value. Dogecoin, with a market value of $35.6 billion, is the world's most valuable early adopter cryptocurrency and the most valuable cryptocurrency overall. Known as "the Dogecoin killer," SHIBA INU is the second most valuable cryptocurrency after Dogecoin, with a market valuation of $28.29 billion, placing it two places below the latter.
African-themed meme money – Wakanda Inu – has been invented in order to produce wealth for Africans, which is a novel concept. Wakanda Inu is a cryptocurrency that is presently ranked 2818 in the world, with a market value of $26.8 million. It is the second most valuable cryptocurrency in the world. It is far from being a pioneer in the field.
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As stated in the token's whitepaper, "Wakanda Inu is a community meme project formed from humanity's deep and warm consciousness," which translates as "humanity's deep and warm awareness." The token is backed by the Ethereum blockchain. This decentralized meme token aims to foster growth in the industry as well as decentralized finance-oriented activities all around the world, according to its description. Make a name for yourself in this attempt. The Wakanda Inu will outperform every other meme money now available on the market, according to analysts. It is the author's opinion that "we are well on our way to gaining the inevitable widespread acceptance."
The whitepaper also states that the coin would be used to fund charitable endeavors all throughout the world, which is encouraging. Due to the fact that it is a community-driven token, the general public will have the last say on what happens to the token and which initiatives are carried out with it. It is only a symbolic gesture, intended to help Africans as a consequence of their collective successes in many fields.
In spite of the fact that Wakanda Inu has the best of intentions for Africans, utility is one of the most crucial features to look for in a token, and Wakanda Inu does not seem to possess this quality at this moment. Examples include the development of multiple protocols on the Ethereum network, which contains the technology that allows non-volatile memory (NFT) and distributed file systems (DeFi), among other things, to operate correctly and effectively.
»¦« More About Us:
WebPage Link: https://www.wakandainu.com/
FaceBook URL: https://www.facebook.com/wakandainu
Twitter Link: https://twitter.com/Wakandainu
Telegram Address: https://t.me/wakandainu
Medium Link: https://wakandainu.medium.com/
»¦« Author Details:
BitCoinTalk User Name: LinkinPrak852
Profile of BitCoinTalk User: https://bitcointalk.org/index.php?action=profile;u=2252565;sa=summary
Forum POA: https://bitcointalk.org/index.php?topic=5381374.msg59054830#msg59054830
TeleGram User Name: @LinkinPrak852
BEP20 Wallet Address: 0xA81371bB1C1EBF5B28d986619e7FabB4907242dc