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Two years ago, a short-lived Husky Inu crypto project appeared on the scene and disappeared without a trace. Now, a new Husky Inu has arrived. Can it make its mark and stay relevant as a meme coin?
As a new meme coin on presale that portrays itself as a “best friend of Shiba Inu,” Husky Inu is said to be inspired by a husky’s loyalty and the Shiba Inu community.
This meme coin project has a conventional lore about “Shiba Inu’s great adventure of how it met Husky Inu” while highlighting some interesting use cases.
As the project is currently available as a presale, some wonder whether it is a good investment.
What is Husky Inu?
Husky Inu is portrayed as a husky with angel wings, and these cute huskies are used to portray a conventional meme coin with charitable goals as well as a play-2-earn ecosystem that leverages the social dynamics of a meme asset.
The whitepaper states that the project’s unique factors come from the following aspects:
- Deflationary Supply – Husky Inu’s supply is limited, and 50% of all the fees collected from DEX and CEX transactions will be used to buy and burn $HINU tokens.
- Charity Voting – The second feature of this project is Charity Voting, in which 5% of the total Husky Inu supply will be used for community rewards and charity.
- Fast Transactions – Husky Inu leverages Solana blockchain, which is objectively one of the fastest blockchains and offers low transaction costs.
- Husky Inu Earn App – The project also discusses developing a Husky Inu Earn app for phones that would allow investors to earn $HINU tokens by watching videos, viewing ads, and sharing social media posts.
A Look at Husky Inu Tokenomics
According to Husky Inu, it has adopted a simple tokenomics model to reward community participation and create a linear ecosystem development path.
There are 100 billion tokens in total that are divided into the following:
- 30% for marketing and partnership
- 5% for community and rewards
- 5% for ecosystem development
- 5% for team and advisors
- 25% for the liquidity pool
- 30% for the initial token sale
What is Husky Inu’s end goal?
Husky Inu has established a simple goal of reaching $1 billion in market capitalization by accumulating more than 300,000 holders and over 35 CEX listings. It also aims to partner with high-profile investors to achieve this feat.
However, according to the tweet below, the project’s presale started on July 5 and raised just over $35k in a week.
It shows that HINU’s reception has been a bit lukewarm. While we can chalk it up to the presale being only a week old, the current market is volatile, and investors are moving more toward low-cap cryptos, which makes this presale a bit of a slow burn.
Husky Inu Price Prediction – Is it a Good Investment?
Husky Inu features many conventional concepts that we have seen within the crypto space. It pays “homage” to Shiba Inu by creating a “best friend.” It also shows a vision of an app that could help investors earn tokens by watching videos, playing adverts, and interacting on social media.
The project has also tried to upsell the “buy and burn” mechanic, which makes it a deflationary token.
While these aspects are positive, they aren’t unique, which will affect its short-term and long-term price performance.
Husky Inu Price Prediction for 2024
Even though the presale has started and it has a staged structure, the stages aren’t clear. At the time of writing, one $HINU is priced at $0.000075, and once the next stage arrives, it will be worth $0.0001.
If the project’s presale ends in Q3-2023, that will indicate rising investor interest. This can potentially pump the HINU price once it goes live on a decentralized exchange.
However, that will hinge on how many influencers this project has managed to rope in. We searched on YouTube, and so far, there are no major YouTubers talking about this project.
That said, Solana meme coins have been generating much interest this year. Major YouTubers like Cryptonews highlight how one can “ride this explosive wave of Solana Meme coins.” Therefore, Husky Inu, being an SOL token, also has potential.
But this will depend on Husky Inu’s marketing efforts. So far, we have not seen it gain any significant attention from the crypto community.
Husky Inu Price Prediction for 2025
Husky Inu’s performance next year will depend on its performance this year. Even though many believe that a major bull run may be coming for Bitcoin, and that would push the value of altcoins, including meme coins, up by many levels, Husky Inu will only be able to grab attention if it is capable of staying relevant next year.
Furthermore, how true Husky Inu stays to its roadmap will also play a role in its growth. If the “Earn App” launches as planned, the community may find this token attractive.
Overall, our Husky Inu price prediction is neither bullish nor bearish. There are too many variables, and considering the project is yet to gain the community’s attention, investors are better off looking at other Shiba Inu derivatives available as presales.
Shiba Shootout – Another Shiba Inu Alternative
While Husky Inu creates a character to accompany Shiba Inu, Shiba Shootout dresses up Shiba Inu in a cowboy outfit before sending them through the frontier in search of adventure and loot.
This cool narrative resonates with the community more. What adds to Shiba Shootout’s appeal is that its games and host of use cases aren’t just concepts but have a tangible presence.
The P2E game has already been developed and will soon be available on the Google Play Store and App Store. Its additional unique attributes, such as Cactus Staking and Savings Saddlebags, further boost passive earning opportunities within the ecosystem. And with Lucky Lasso Lotteries, there is an element of thrill that could engage the community.
With so many positives, this project has set the crypto community ablaze, leading to many influencers positively reviewing it.
Michael Wrubel has called it the next 100x Shiba Inu, ClayBro has lauded the project for its high staking rewards, and Jacob Crypto Bury has also called it the next meme coin with 10x potential.
Cryptonews has also covered the new meme coin and discussed how it could grow in value by tapping into the Shiba Inu community.
https://www.youtube.com/watch?v=nyXCEtBPgWgThose interested in participating in Shiba Shootout’s presale and grabbing the SHIBASHOOT token at a discount price of $0.0195 can visit shibashootout.com.
*Cryptonomist did not write the article or test the platform.
