The year 2021 has been a rollercoaster for the cryptocurrency market as a whole. The beginning of 2021 was crazy for memecoins. Tokens like SafeMoon, Shiba Inu, and Dogecoin did wonders, making early investors millionaires. Such growth was never seen before, especially for tokens offering nothing more than the average cryptocurrency.
Although most people argue that these tokens are solely driven by hype and attention, memecoins are still performing well. The combined market capitalization of Shiba Inu and Dogecoin is way above $40 billion. Such tokens aim to be community-driven and mainly revolve around the community. They integrate features such as reflections, DeFi protocols, etc. These serve as incentives for people to hodl onto such tokens – not to mention the backstories of such tokens.
One of these tokens is Kuma Inu. This memecoin is one of the few that has a plan on what it wants to achieve and has a roadmap available to all. Roadmaps are a positive addition to any cryptocurrency project because they provide transparency for the project… and transparency is very valuable in this space.
The current products of Kuma Inu include Kuma Breeder and the Kuma merchandise store. Moreover, the team of Kuma Inu is working on several other projects such as the Kuma Decentralized Exchange (KumaDEX).
The Kuma Breeder. Source: Kuma Inu
Kuma Inu Price Prediction 2021
Until today, Kuma Inu has had a positive performance on the market. According to CoinMarketCap, Kuma Inu held a price of $0.000000017 at the time of launch. The token did not experience any significant growth during summer 2021.
On the 8th of October 2021, Kuma Inu exploded and reached a trading value of $0.00000013, setting a new all-time high. Only five days later, the token shot up once more and set its current all-time high of $0.00000056. This left Kuma Inu with a 3200% increase. At the time of writing, Kuma Inu is sitting at a price of $0.00000018 with a market capitalization of $21.6 million and a trading volume of $1.07 million.
As for the end of 2021, Kuma Inu, as well as the market as a whole, could see considerable growth. Our forecast shows Kuma Inu possibly ending the year with a trading value between $0.00000042-$0.00000091.
Also Read:
Kuma Inu Price Prediction 2022 and Beyond – Can KUMA Potentially Reach $1?
Shiba Inu (SHIB) Price Prediction 2022 and Beyond – Can SHIB Hit $1?
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Takeaways
- Tokens such as SafeMoon, Shiba Inu, and Dogecoin have seen enormous growth during 2021.
- This year was crazy for memecoins, with Dogecoin and Shiba Inu both entering the top 10 biggest cryptocurrencies regarding market capitalization.
- Kuma Inu is yet another memecoin with potential. However, this token is one of the few that brings actual value to the market.
- This token grew 3200% from its launch and has the potential to continue growing because it is a low cap coin.
- By the end of 2021, Kuma Inu could reach a trading value of $0.00000042-$0.00000091.
