According to data sourced from CoinGecko, SHIB trading volumes across exchanges hit an impressive $420 million in the last week. Despite its recent pullback, SHIB is still up nearly 40% on the year, and analysts believe it could pop higher given favourable macro backdrop technicals and upcoming ecosystem developments.
In addition, major SHIB whales appear to be holding onto their tokens and not capitulating, suggesting that sentiment amongst whales remains strong. However, investors might want to consider investing in some lesser-known coins that potentially hold a better likelihood of seeing exponential gains.
A great new meme coin to consider is Love Hate Inu (LHINU), a new dog-meme-inspired social media polling platform that has been taking the internet by storm in the last few weeks.
To fund the development of its revolutionary vote-to-earn platform, Love Hate Inu is currently conducting a presale of its LHINU token, which has been a huge success, with Love Hate Inu having already raised a massive $2.9 million and the presale already having entered stage 4.
Analysts at Cryptonews.com have ranked Love Hate Inu as the hottest presale of 2023, and many think the cryptocurrency could see big gains when it ICOs later this year.