Hey everyone, today we are going to talk about lovely Inu coin that whether lovely Inu coin is real or fake and this is the question many of you have asked me also we are going to discuss that why the price of lovely Inu coin is down today so make sure to read the end of this post.
lovely Inu coin is real or fake?
First thing first lovely Inu coin is a meme cryptocurrency that was launched on July 21st as we all know that in the 2021 bull run of the crypto market various altcoins launched
out of which 80% are meme cryptocurrency and lovely Inu coin is also a part of ALTCOINS.
What lovely Inu coin offer?
if you will visit the lovely Inu official website lovely.finance you will see they have mentioned lovely Inu coin as a meme token revolution
and what type of revolution it is talking about?
Lovely Inu coin aim is to make the record by growing token price from 0.00000001$ to 1$ in the year 2021
Now the main question,
Is it practically possible for Lovely Inu coin to reach 1$ in the year 2021?
if we talk about the token supply of lovely coin which was 100 trillion. and they have burned 15 trillion coins till now, so they are left with 85 trillion coins
out of 85 trillion coin they have planned to burn 25 trillion coin by the end of October 2021 to know more about lovely Inu coin burning events
Now you might be wondering that lovely Inu coin total supply is decreasing as a result the price of this coin will increase
is it Practically possible?
Let me explain this with a little calculation
at present Lovely Inu coin’s total supply is 85 trillion out of this they will burn 25 trillion more coins by the end of October 2021.
so after all the burning events of the lovely Inu coin, they are left with 60 trillion coins and after that, Lovely inu owner doesn’t have any plans to reduce the supply of this coin
so let’s assume that in December 2021 the supply of this coin will be 60 trillion
That means if at the end of 2021 Lovely Inu token price will be 1$ then its market capitalization will be 60 trillion,
so is it practically possible, you just ask yourself, and if you still don’t understand then for your information the market capitalization of Bitcoin at present is not more than 1 trillion.
and if we talk about the market capitalization of all the cryptocurrencies then it is 2.5 trillion
Lovely Inu Real or Scam? 1$ in 2021
so now you decide whether the lovely Inu coin is real or fake I have provided you all the information, so this is all about the Lovely Inu coin.
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Disclaimer: The Information Provided on this channel is for Education & informational purposes only and it is not considered to be advice or Recommendation of any Kind whatsoever as Cryptocurrency is subject to Market Risk.