۞ Opening Remarks:
As seen by the current spike in the price of cryptocurrencies, it is without a doubt one of the most exciting developments in the cryptocurrency area in recent memory (bull run). A total market value of up to $10 billion was recorded by the end of the third quarter of 2021 for NFTs (non-fungible tokens), exceeding all predictions when they were first introduced in January 2021 and continuing until the conclusion of the year 2021. Every day, the news media is awash with reports of all-time highs, with some individuals doubling or even tripling their profits in a short period of time, raking in mind-boggling sums of money as a result. The growth of meme currencies, in addition to the massive profits, has been a key component of the present bull market for quite some time now. It is true that meme currencies have existed in the past; nevertheless, it is reasonable to say that this is the first time we have seen them in such massive amounts. As an example, the Wakanda Inu meme coin, which is based on an African pattern and was very recently made, is based on a real-world meme. How do these meme coins work and are they worth all of the buzz and attention that has surrounded them are still up in the air.
۞ More about the platform:
Those amusing films, photographs, or writings that make fun of certain social and cultural phenomena are known as memes, and meme coins are associated with them. The now-popular phrase "I wan dey do now" is a good example. To put it simply, meme coins are digital tokens that are inspired by popular social media trends, jokes, or movies. There are hundreds of different types of meme coins, but those referred to be OG (original gangster) meme coins are the most popular and have the biggest market capitalization.
Dogecoin, with a market capitalization of $35.6 billion, is the most valuable early adopter cryptocurrency in the world. SHIBA INU, which has been dubbed "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. There is now an African-themed meme currency – Wakanda Inu — that has been created to generate riches for Africans, which is rather interesting. Wakanda Inu is a cryptocurrency that is currently number 2818 in the world with a market capitalization of $26.8 million. It is far from being an early adopter.
۞ Final Remarks:
As stated in the token's whitepaper, "Wakanda Inu is a community meme project built from humanity's deep and warm consciousness," which means "humanity's deep and warm awareness." It describes itself as "a decentralized meme token to promote development in the sector, as well as decentralized finance-oriented activities around the globe." Be a trailblazer in this endeavor. Wakanda Inu will outperform every other meme currency now available on the market. "We are well on our way to achieving the inevitable broad acceptance," says the author.
Furthermore, according to the whitepaper, the token will be used to fuel charitable efforts all around the globe. Because it is a community-driven token, the general public will have the last say on what happens to the token and which projects are undertaken. It is only a symbolic gesture, meant to assist Africans as a result of their collective accomplishments in a variety of disciplines throughout the years.
Despite the fact that Wakanda Inu has the best of intentions for Africans, one of the most important characteristics to look for in a token is usefulness, and Wakanda Inu does not seem to possess this trait at this time. As an example, the creation of different protocols on the Ethereum network, which incorporates the technology that enables non-volatile memory (NFT) and distributed file systems (DeFi), among other things, to function properly and efficiently, would be appropriate.
۞ For More Info:
Website: https://www.wakandainu.com/
Facebook: https://www.facebook.com/wakandainu
Tеlеgrаm Offісіаl Grоuр: https://t.me/wakandainu
Medium: https://wakandainu.medium.com/
Twitter: https://twitter.com/Wakandainu
۞ Reporter:
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