Opening Remarks:
The current spike in the price of cryptocurrencies (bull run) is undoubtedly one of the most exciting developments in the cryptocurrency sector in recent memory. At the beginning of the year 2021, non-fungible tokens (NFTs) achieved astounding figures, with as much as $10 billion recorded by the conclusion of the third quarter of the year. Every day, the media is flooded with reports of all-time highs, with some individuals doubling or even 23xing their profits in a short period of time, raking in mind-boggling sums of money. In addition to the incredible profits, the growth of meme currencies is another notable feature of this present bull market. Certainly, this is not the first time that meme coins have appeared, but it's reasonable to say that this is the first time we've seen them in this quantity. In reality, the Wakanda Inu meme coin, which is based on an African theme, has recently been released. But what exactly are these meme coins, and are they worth all of the excitement and attention?
More about the platform:
Memes are amusing movies, photos, or writings that make light of a certain social or cultural issue. They are spread over the internet. Meme coins are associated with memes, which are basically satirical forms of money. The already-popular phrase "I want dey do now" is a good example of what I'm talking about. To put it another way, meme coins are digital tokens that are inspired by popular social media trends, jokes, or movies, among other things. They may be purchased using bitcoin or other cryptocurrencies. Despite the fact that there are hundreds of different types of meme coins available, the most popular and lucrative are those known as OG (original gangster) meme coins, which are both the most popular and have the highest market value. Currently, Dogecoin has a market capitalization of $35.6 billion and is the most valuable cryptocurrency in the world. It also happens to be the most valuable cryptocurrency worldwide. SHIBA INU, sometimes known as "the Dogecoin killer," is the second most valuable cryptocurrency after Dogecoin, having a market capitalization of $28.29 billion, ranking it two positions behind the latter cryptocurrency.
Wakanda Inu, a meme currency with African themes, has been created in order to generate riches for Africans, which is a revolutionary idea. Wakanda Inu is a cryptocurrency that is currently number 2818 in the world, with a market capitalization of $26.8 million. It is the second most valuable cryptocurrency in the world after Bitcoin. It is the second most valued cryptocurrency in the world, behind only Bitcoin (BTC). It is a long way from becoming a trailblazer in the sector.
A community meme project:
In the token's whitepaper, it is mentioned that "Wakanda Inu is a community meme project produced from humanity's deep and warm consciousness," which translates as "humanity's deep and warm awareness." The token is also known as "Wakanda Inu Token." The Ethereum blockchain serves as the foundation for the token. As stated in its description, this decentralized meme token intends to promote development in the industry as well as decentralized finance-oriented activities all over the globe by using memes. Make a name for yourself as a result of your endeavor. According to researchers, the Wakanda Inu will outperform every other meme currency now available on the market. According to the author, "we are well on our way to achieving the inevitable general approval that will come our way." In addition, the whitepaper indicates that the currency would be used to finance charitable initiatives all across the globe, which is a promising development in and of itself. Given that it is a community-driven token, the general public will have the last say on what happens to the token and which activities are carried out with its assistance.
Final Remarks:
It is only a token, established to benefit Africans as a result of their collective achievements. While Wakanda Inu has the best of intentions for Africans, one of the most important characteristics to seek for in a token is usefulness, which Wakanda Inu does not seem to possess at this time. For example, numerous protocols have been developed on the Ethereum network because it has the technology that enables NFTs and DeFi, among other things, to function properly and efficiently.
FOR MORE DETAILS:
WEB URL: https://www.wakandainu.com/
TELEGRAM URL: https://t.me/wakandainu
TWITTER ADDRESS: https://twitter.com/Wakandainu
FACEBOOK PAGEURL: https://www.facebook.com/wakandainu
MEDIUM ADDRESS: https://wakandainu.medium.com/
AUTHORED BY:
BCT MEMBER PROFILE NAME: learningcrypto5421
TELEGRAM MEMBER PROFILE NAME: @learningcrypto5421
FORUM POA LINK: https://bitcointalk.org/index.php?topic=5381374.msg59054497#msg59054497
BCT MEMBER PROFILE: https://bitcointalk.org/index.php?action=profile;u=2252497;sa=summary
[BEP-20]/[BSC] ADDRESS: 0x2c84f5f5596894675dA72ae3c279ed2A9422b4eF