There is no way to dispute the fact that Dogecoin has been the cryptocurrency with the best performance in recent times. It profited from the controversial business mogul Elon Musk’s purchase of the social media network Twitter, and it is common knowledge that Musk is a supporter of the meme currency.
As a result, the value of dogecoin has increased by more than 80 percent in the last week. There was a time when it was much higher, but recent rises in SEC rates seem to be a factor that led in Dogecoin retracing its previous steps. Considering that DOGE’s growth has leveled down a little, are there any other meme currencies that have the potential to become the next great performer. The Tora Inu (TORA) has the appearance of being one.
The significance of Tora Inu
There is no doubting the significant impact that meme currencies have had on the cryptocurrency market, and this is true even if you believe they are not the most valuable kind of asset. They are nothing but unadulterated hype trains that are packed to the gills with jokes and foster a robust feeling of community. Dogecoin has been in the lead for a considerable amount of time, but now investors are searching for something else; they want usefulness in their joke currencies.
Up to this point, meme currencies have had no real practical use. On the other hand, the development of new concepts has been facilitated by the appearance of NFTs and the metaverse, in addition to other technological advances. Users may be given many different methods to produce cash and connect with the ecosystem via the usage of projects.
Tora Inu (TORA), one of the greatest instances of this, is a project that has a good chance of dethroning Dogecoin as we approach towards 2023. This is one of the best examples of this. It provides a large number of features that have the potential to hold users’ interest, and even more crucially, it has distinctive tokenomics that provide a great deal of value to the TORA token.
A “Play-to-Earn” game is available on Tora Inu, in which users pit their pets against those of other players in order to win prizes in the form of TORA and NFTs. Players are able to pit their pets against those of other players, and the results of these NFT battles may be leveled up to increase the dogs’ statistics. It is also possible to sell it in markets for NFTs.
In addition to this, Tora Inu will have a metaverse in which players will be able to communicate with one another. The purchase of land, which is something that has shown to be popular in previous metaverses, is another viable option to produce cash in this metaverse.
Users will have a greater interest in Tora Inu’s token burn and redistribution process than any other aspect of the platform. Burns take occur whenever network transactions take conducted, and the benefits are shared after each burn. This results in a decreased supply, which further contributes to a rise in value.
The TORA presale is now active, and it employs a process called an incremental price increase, in which the price of TORA rises incrementally when additional presale stages are introduced. A private sale has not yet taken place, and the Tora Inu beta versijos išpardavimas won’t start until phase 3 has been completed.
The rumors about Tora Inu are spreading like wildfire.
Tora Inu is unquestionably demonstrating that it is one of the most valuable assets available on the market right now, and this is before it has even launched some of the most significant things it will provide. A lot of exciting things are going to happen in the not-too-distant future, such as the metaverse and the publication of the NFT collection. Because of this, TORA has become both a meme currency to keep an eye on and an asset in general to keep an eye on.
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Source: https://coinpedia.org/press-release/tora-inu-can-outperform-dogecoin-and-become-the-meme-coin-of-2023/