There is no denying that Dogecoin has had the best performance in the most recent period. Elon Musk, a contentious businessman who is known to be a fan of the meme coin, had the good fortune to purchase the social media network Twitter.
As a result, Dogecoin has increased by more than 80% during the past week. It had previously been significantly higher, but recent rises in the SEC’s interest rates seem to have contributed to Dogecoin’s recent retracement. Could another meme coin overtake DOGE as the market leader now that it is slowing down a bit? Tora Inu (TORA) appears to be what it might be.
Can the Tora Inu Perform Better?
There is no disputing that meme currencies have had a significant presence in the cryptocurrency market, even if you believe they are not the ideal kind of asset. They are nothing but joke-filled hype trains that foster a strong sense of community. Long-time market leader Dogecoin is no longer the preferred option for investors who want functionality from their meme coins.
Meme coins have not previously served any purpose. However, new concepts have emerged as a result of the development of NFTs, the metaverse, and other technologies. Users can participate in the ecosystem and produce income in a variety of ways thanks to projects.
The project Tora Inu (TORA), which has a good possibility of ousting Dogecoin as we approach 2023, is one of the best examples of this. In addition to having a variety of features that can keep users interested, it also contains distinctive tokenomics that significantly increase the value of the TORA token.
Players can compete with other players’ pets in a play-to-earn game offered by Tora Inu to earn TORA and NFT rewards. Players can engage in multiplayer battles with their pets, and these NFTs can level up to get better stats. Also available for purchase are NFT marketplaces.
Additionally, Tora Inu will feature a metaverse where users can communicate with one another. Land purchases, which have been successful in other metaverses, are another excellent source of income here.
Users will be more intrigued by Tora Inu’s token redistribution and burn mechanisms. Burns occur as network transactions occur, and rewards are dispersed as a result. This results in a decrease in supply, which raises value even more.
The price of TORA increases when additional presale phases are introduced in the ongoing, live presale, which employs an incremental price increase methodology. The Tora Inu beta sale won’t happen until phase 3, and there hasn’t been a private sale either.
The Talk of the Town is Tora Inu
Even before releasing some of its major features, Tora Inu is already establishing itself as one of the most in-demand assets on the market. The metaverse and the debut of the NFT collection are only two things to look forward to in the near future. Due to this, TORA becomes a meme coin to watch as well as a valuable asset in general.
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Source: https://coinpedia.org/press-release/tora-inu-is-the-next-meme-coin-to-watch-since-dogecoins-price-retraced-after-the-sec-raised-rates/