Marshall Inu (MRI) token grew by almost 80% in one day — will it keep rising and will it keep rising and surpass Shiba Inu (SHIB)?

Marshal Rogan Inu or Marshall Inu (MRI) meme coin, which helps sponsor MMA fighters and pays them in crypto, has risen in the last 24 hours by 79,04% (from $0.006421 to $0.0.1149). The reasons for the increase in the value of the assets and whether it can compete with Shiba Inu are discussed below.

What is Marshall Rogan Inu and why is it growing?

Marshall Inu is a meme coin is cryptocurrency inspired by memes and internet jokes which, according to the official website, is designed to support professional MMA mixed martial arts fighters.

According to the team developers, they are combining the world of MMA and meme coins to do something good in the world, whereas most other projects use the fees for the pointless marketing that makes the rich richer.

“We are gifting fighters who we believe deserve it more than anyone with what they put their bodies through for our entertainment,” the creators say.

According to the developers, fighters received more than $800K from the coin mint in February. The funds went to:

• cover fighters’ expenses;
• engage with community;
• promote events and training camps;
• finance medical treatment to support fighter’s health and increase their earning abilities.

The token was launched in January 2022 and is supported by the Ethereum network. Since then, the project’s community, judging only by the official Twitter page, has grown to 28.3K people.

On January 16, the token entered in the Google Trends, which coincided with the community activity on the internet, on the back of the start of the Marshall Fighting Championship in Dubai. 

Maybe this is the reason for the rise of the coin and getting into trends. We have witnessed this effect before, in the case of the XYO token. That time the price of the coin rose in value by 46,62% per day (from $0.00469 to $0.008786).

MRI current price

At the time of writing, the coin is trading at $0.01152, which is 79,33% less than the 24 hours before. Weekly growth was 60,8% (from $0.004531 to $0.01156).

However, even the current price is far from the historical peak. The triumph of the MRI came on March 3, 2022. The token grew 88,99% in one week from $0.02002 on February 25th to $0.1818 on March 3rd). Experts cite the main reason for such an increase as following the listing on the LBank Exchange, a global digital asset trading platform.

Price prediction

The community is optimistic about the future of the coin. In the last five days, thanks to their activity, token market capitalization has also grown — from $3M to $10M. And it looks like this is just the beginning.

And the technical analysis, made by Twitter user and trader, Teagan, shows that the coin has all chances to reach the mark of 0.3 cents or even more.

It was also recently reported that former UFC champion Francis Nannou may sign with Marshall Fighting Championship. If the rumors are confirmed, the news could also affect the growth of the token.

Crypto enthusiast Jamma Pelson thinks that many people still underestimate MRI. According to him, the project team has not stopped improving the product since its launch, influencing both its tech aspect it is possible to sponsor fighters in ETH and MRI, and the support method itself is decentralized and the MMA world. That’s why, in his opinion, the coin will soon be worth $1.

According to the CoinMarketCap analysts, as is often the case with meme coins, they fade as fast as they come, so developing more partnerships with UFC and MMA fighters will be the key to the succes of MRI.

Can Marshall Rogan Inu compete with Shiba Inu?

The main barrier that could stand in the way of Marshal Rogan Inu’s development and success is another meme token, Shiba Inu. The coin has already proved itself in the market and aims to get into the top 10 in term of market capitalization.

As of this writing, the native SHIB token is trading at $0.0000104 per coin, up 4,19% from 24 hours ago and 16,86% from a week ago. This growth is mainly due to the fact that on January 16 the project team rolled out a beta version of the Ethereum-based Layer 2 network for the Shiba Iny ecosystem called Shibarium It is designed to be faster and have lower transaction fees than what is currently obtainable on Ethereum.

So far, the SHIB price is much lower than the MRI value. The difference is 99,91%.

As for market capitalization, Shiba Inu has the advantage. This token has a value of $5.7B, while Marshall Rogan Inu has only $10.7M.

MRI’s trading volume is also lower than SHIB at $272,815 versus $463,492,870 in the last 24 hours.

We also checked to see how the coins have risen in the year since each was released. However, since MRI only came out in January, the price data was not available until February 2022, so we will look at the numbers for the 10 months since inception:

• Shiba Inu. From August 2020 to July 2021, the token grew from $0.000000001009 to $0.00000619 or 613379%.

• Marshall Rogan Inu. From February 16, 2022 to January 2023, the token fell from $0.03707 to $0.01196 or 210%.

It turns out that SHIB has a better start and current position than MRI. What do you think, does the “fighter” token have a chance to surpass its main rival?

Where can I buy MRI?

The top cryptocurrency exchanges for trading in Marshall Inu stock are currently XT.COM, CoinTiger, MEXC, PancakeSwap (V2), and Uniswap (V2).