Which ERC-20 Token Could Reach Halfpenny ($0.005) First: Golden Inu (GOLDEN) or Shiba Inu (SHIB)?
Introduction
In 2024, the memecoin market is about to go through one of the most difficult times in its history. Two currencies based on the famous Japanese dog breed Inus stand out with the most growth potential. Shiba Inu is the first one. It's one of the most well-known meme coins out there. With the start of its blockchain, Shibarium, the world's first Inu token, hopes to keep going up after becoming the second-largest meme coin by market capitalization.
The Golden Inu Token, a new token in February 2023, has already made a name for itself in the memecoin market. A verified "Golden Takeishi" is in charge of the project, which wants to give the memecoin market a wide range of useful products and apps. There are a lot of buyers looking for new tokens to add to their wallets as the year comes to a close.
The Future Of Shiba Inus
Even now, a lot of people who buy in $SHIB are sure that the price of Shiba Inus will go through the roof. Not long ago, most investors were sure that the project's new blockchain, Shibarium, would be what Shiba Inu (SHIB) needed to beat Dogecoin and become the world's most popular meme coin. But what happened next was nothing but a letdown for everyone, both financially and personally. Shibarium had to be put off several times before it could go live, and even after it did, the blockchain had problems.
Soon after its launch on August 16, 2023, Shibarium had to be made private because the funds of millions of investors got stuck on an Ethereum bridge. An increasing number of people in the cryptocurrency community lost faith in Shiba Inu's ability to build its own layer-2 blockchain after yet another issue with the project.
With all of Shibarium's problems, it's getting harder and harder to see how the blockchain could compete with companies like Solana and Polygon that are already well-known. In turn, this sadness can be seen in the value of the Shiba Inu (SHIB) token. $SHIB has lost more than 5% of its value in just the last week.
In addition, the bigger picture shows that the memecoin has even more problems. The token has lost almost 27% of its value in the last month, and it has lost almost 50% of its value over the past year. Shiba Inu has a lot of problems and investors don't trust it, so it would take a miracle for it to hit $0.005 any time soon.
The Golden Inu's Future
While this was going on, a new project was working away from the memecoin market, but it also wanted to be the most useful token in the meme-inspired crypto market. Golden Inu is a new project that started on the Binance Chain in February. Since then, it has been hard at work leaving its market alone.
From June to August, Golden Inu's $GOLDEN [BEP-20] coin grew by an amazing 1,500% quickly. Since then, the project has been through several security checks and passed all of them with good colors. This is to reassure investors that Golden Inu is as safe and reliable as possible. The interesting thing about this project is that Golden Inu is just starting. Several projects are coming up soon that could give the new memecoin a lot of room to grow.
Why The Golden Inu Is Likely To Get Bigger
The simple reason for this is that Golden Inu (GOLDEN) has trillions of tokens in circulation, but the project hasn't yet put its new token-burning system into action. The smart contract called "Golden Treasury" from Golden Inu claims to raise the value of $GOLDEN. It will do this by giving away half of the profits made by the project's dApps. After the funds are separated, they will be used to buy $GOLDEN tokens from other people and burn them instantly.
This new system should start working on September 21, the same day that the new play-to-earn game "Golden Inuverse" comes out. There are already a lot of Web3 gamers who are learning "how to play" before going on their metaverse trip. The new game is still taking subscriptions from people who want to play a unique RPG and earn $GOLDEN rewards.
People should have ten dollars worth of $GOLDEN in their pockets, even though the game is free to play. Also, there is a 7% slippage fee for trades in GOLDEN to make sure that swaps go smoothly. After some time, Golden Inu plans to release new apps that will also likely make its coin more valuable. First, there will be a new DeFi market where people can buy, sell, and give DeWork services.
Golden Inu developers are also working on the launch of an exclusive Decentralized Exchange that will use the project's multi-blockchain technologies to make trading tokens from different blockchains cheaper and faster. This way, the crypto space won't have to invest in yet another blockchain.
Conclusion
Shiba Inu seems to be staying the same, but Golden Inu has a lot of room to grow, making it a project to look forward to in the near future. The token might have a better chance of meeting the $0.005 goal if both token burning and community interest are taken into account at the same time.
If that were to happen, people who own $GOLDEN would definitely make a lot of money. As of right now, the value of $GOLDEN [BEP-20] is trading at about $0.000000000004604. Golden Inu is one of the few projects that can definitely say it could make a few millionaires or even billionaires in the future. Also, keep an eye on the ERC-20 form of the $GOLDEN token in the crypto ecosystem for useful updates. It will join the fun once it's used in Golden Inu dApps.
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