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Could YUNA be the next SHIB? New “dog” token rose by almost 80% in one day

Andrew Zhoao

News editor

Mar 17, 2023 at 06:57

The meme “dog” token YUNA grew by 77,56%, from $0.0001276 to $0.0005687. The main reason was the incredible support of the community members, who are pushing the coin up, so that since the launch in early March, the asset has already overcome an ATH the all-time high is the highest price ever reached by a cryptocurrency and is trying to reach a new peak.

It also helps that the token receives support from the SHIB and DOGE communities. We’ll discuss further how strong the potential of the new member of the dog pack is.

What is YUNA?

YUNA is a decentralized community token for a new generation of cryptocurrencies. Tokens include projects built on the basis of social interaction. The goal is to move away from rigid social structures and established ways of thinking to find new ways of solving problems and relating to each other.

According to the official website, the token was created as a tribute to Yuna, the black and tan Shiba Inu dog. YUNA is one of the four descendants of Ryoshi’s (SHIB founder) Shiba Inu dog, according to the website. There is no information about it in Shiba Inu’s official sources, but SHIBA’s community members refer to YUNA as SHIBA’s and DOGE’s partner.

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According to crypto specialist DogeCoin Ride, the product team has 550x under their belts from the previous project, and they are ready to bring that experience to YUNA.

Project founders:

  • Founder Zorya Tokuda;
  • Head of design Yaho Nakamura;
  • Developer Yoshi Okabe;
  • Project advisor Nate Smith.

The creators state the following project features:

  • Low-tax mechanism. YUNA runs on a low-tax mechanism. Total taxes are 2% buy, and 2% sell.
  • Decentralization. Contracts are renounced, making the cryptocurrency fully decentralized.
  • Liquidity locked. The project’s liquidity is locked for 100 years, which means your funds are SAFU [secure asset fund for users is a fund created by Binance that holds 10% of all trading fees to indemnify customers in case the exchange is hacked].
  • Nuclear marketing. The team is using several strong marketing strategies to generate exposure.

YUNA’s current price: why does the token price rise?

The token was launched in early March 2023. Since then, the asset peaked on March 14. YUNA could then be purchased at $0.0006023. So, if you had purchased at the start, you could have made x4,3 times the invested amount by the time of the first ATH.

At the time of writing, YUNA is trading at $0.0004402, up 64,97% from the day before.

sYUNA to USD chartAnd if the token continues to grow at the same pace, it will reach the next ATH in the near future.

Where does YUNA trade?

only on the Uniswap exchange. On the platform, the asset trades at $0.00046646 paired with WETH is a wrapped form of Ethereum that allows ETH to be swapped with other ERC-20 tokens in a decentralized exchange like Uniswap.

During the day, the volume of trade on the exchange was $398,189.

The engine for further growth could be a listing on one of the stock exchanges, as well as the upcoming launches of stacking and farming, about which the YUNA team stated on the official Twitter account.

However, it is not clear which exchanges will be able to trade the token.

The future of the token: is it worth investing in?

The official account of the project also says that their product is ahead of the global market trend. However, exactly how is still unclear. According to the roadmap for 2023, in the near future, in addition to the launch of steaking, farming, and listing, the following is planned:

  • Explosive marketing starts.
  • Yuna swap release.
  • Launchpad release.
  • NFT marketplace release.
  • Ordinal NFT development.
  • Yuna wallet development.

And by the end of the year, the developers plan to launch Wallet and Ordinals NFT, as well as the Shibarium bridge release. The full roadmap can be found below.

YUNA 2023 roadmap
YUNA 2023 roadmap

As for YUNA’s price growth, it may be helped by the support of SHIB and DOGE community members. Some ShibArmy representatives even suggest that YUNA could become the next Shia Inu or Dogecoin, and they believe that the token’s market capitalization will soon exceed $10M. Right now, the figure is $4.47M.

According to CoinMarketCap, YUNA’s maximum supply is 10B, and, as the creators claim, all tokens went into circulation immediately. If the information on the site is to be believed, 25% of the total number of tokens has already been burned. And there are plans to burn another 21,8% of YUNA. This could also positively affect the value of the asset in the future.

Could YUNA be the next SHIB?

According to trader Mars.web3, YUNA could be the new crypto gem that everyone is looking for. Only before investing, it is necessary to assess all possible risks.

Analyst Papa Woody thinks the YUNA team knows what they are doing, which is why the token is actively pushing upward. In his opinion, YUNA may even surpass the Optimus token, which also made quite a few Xs in 2023.

As for SHIB’s surpassing, it’s too early to tell, as the token is only 3,059th in market capitalization, as opposed to Shiba Inu, which is ranked 13th. However, Shiba Inu was also once worth less than they are now. Don’t miss out on a token that could fly to the moon, but at the same time, do it consciously after deep analysis. Good luck!

Will YUNA go to the moon?
Will YUNA go to the moon?

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