Meme coins are taking off once more in the crypto market. But the Tora Inu coin in particular is making waves. We explain why it could be hot in 2023.
If there’s one thing you can count on in the crypto market, it’s that meme coins will always be around. Ever since Dogecoin entered the market, investors have been clamoring for these joke assets, leading to some of them making large profits.
New meme coins continue to enter the market but it’s hard for most to gain any foothold when the likes of Dogecoin and Shiba Inu are there. If they have to make an impact, they have to offer something new, and one project, in particular, is bringing in a new era for meme coins with some unique features.
Meme coins operate in a very particular way. They release, often with a dog as a mascot, and they begin a mass marketing campaign or spread by word of mouth to generate a lot of hype. Then once it reaches a critical mass, a whole army of investors jumps in – either for profits or just to be a part of a social movement.
This has worked so far, but things are changing as investors lose interest in meme coins that are memes for the sake of it. That is all well and good, but they also want utility. The utility is what is missing from most meme coins, giving investors no value for their precious capital. There are only so many times they will be willing to spend on memes.
The moment we have all been waiting for is finally here!
🏆Beta Sale is Live!🏆
— Tora Inu (@torainucoin) October 19, 2022
That’s why projects like Tora Inu (TORA) are changing the game by offering many features that set it apart from other meme coins. For example, the project offers a Play-to-Earn game where players can battle their pets against others and earn rewards in the form of TORA.
Play-to-Earn games have had a phenomenal two years and they have not died down in popularity, so this is an excellent way to maintain engagement with an audience. Tora Inu also has NFTs that players can collect and sell if they wish to. The NFTs can be leveled up, making their pets even stronger in battles.
Most P2E games are working on a metaverse strategy and Tora Inu is no different in that regard. While there is no fixed date for the launch of the Tora Inu metaverse, we do know that players will be able to purchase land.
However, the biggest selling point of Tora Inu is its token burn and redistribution mechanism. This system is designed to increase demand and thereby value. The burn mechanism redistributes rewards and causes a reduction in supply. As more transactions occur, the token value is expected to increase.
Tora Inu has a lot of exchange listings lined up.
In the short term, the team has planned several listings on centralized exchanges, marketing campaigns, and security audits. They are currently building a presence before going all in when 2023 begins.
The TORA presale is currently live and it uses an incremental price increase method where TORA’s price goes up as new presale phases are launched. There has not been a private sale, and the beta sale will take place until phase 3.
Meme coins are still relevant in the market and Tora Inu stands as one of the top meme coins for 2023. It is bringing a lot of innovative features to the world of meme coins and investors will see that these assets can also have a lot of utility. To learn more about Tora Inu, check out the website and take a look at the Tora Inu Presale.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.