Dogecoin-influenced cryptocurrencies are growing in number as the hype for such tokens increases massively. With 2021 being one of the best years in cryptocurrency history so far, developers are keen to add new projects every day. Therefore, cryptocurrencies such as Dogecoin, Shiba Inu, Floki Inu, and many others have soared upwards.
One particular cryptocurrency that has just recently launched and is gaining constant attention is Sanshu Inu (SANSHU). While not much is known yet about the project, it is showing quite some potential as it trending in social media. Perhaps Sanshu Inu can be as big as SHIB in the long run.
In this article, we are going to go through the fundamentals that are known about Sanshu Inu, and its price potential for the next five years.
Sanshu Inu (SANSHU) Fundamental Analysis
Sanshu Inu is yet another meme-based cryptocurrency that has been launched and is gaining more attention as time passes. It is a community-focused cryptocurrency that aims to provide decentralized transactions through its financial services. Not much is known about the project yet since a whitepaper is still being drafted.
Sanshu Inu is currently available on MetaMask and UniSwap, and it is soon going to be listed on other exchanges.
The developers have acknowledged that they are inspired by the success of Dogecoin (DOGE), and SANSHU is now one of the newest Inu members in the cryptocurrency market.
Similar to many other Inu tokens, SANSHU is a deflationary token. After every transaction, 1% of the supply used is burned, and another 1% is distributed to holders. This is used as an incentive for people to HODL their SANSHU as long as possible.
At the time of writing, Sanshu Inu has around 40,000 holders, indicating that many people already trust this project and perceive it to be promising. Their community is quite bullish, and their speculation can easily boost the price of SANSHU upward in the coming weeks.
58% of the initial total supply was burned, which is another indicator that the price of SANSHU might be bullish in the long run. No token was allocated to the team and whale investors. This means that the launch was fair and that the price of SANSHU can only grow as the community grows.
When looking at the roadmap of Sanshu Inu, it can be noted that they have achieved the goals they have set so far, including CoinMarketCap and Coingecko listing, fair launch, marketing, etc. in the coming days, community rewards might be integrated, as well as the highly anticipated Dog Park.
Dog Park is a farming and staking service that Sanshu Inu is continually developing. The liquidity pool of Dog Park is to serve as a ‘park’ for all the dog-based cryptocurrencies in the market. Developers have stated that no dog should be left alone, meaning that all Dogecoin-influenced meme coins can be used here.
When it comes to tokenomics, Sanshu Inu has a total supply of 100 quadrillion SANSHU tokens. Around 37.2 quadrillion SANSHU tokens are in circulation at the time of writing this. All in all, the supply is quite large.
Sanshu Inu (SANSHU) Price Analysis
After SANSHU was initially launched, the price soared upward and reached heights that made many holders rich.
The price of SANSHU reached an all-time high of $0.00000001 in May. After a huge dip that followed that peak, the price of SANSHU has recently started increasing again. It has reached $0.000000001 at the time of writing this.
With this current price and a market cap of around 37 quadrillion, the market capitalization of Sashu Inu is around $37 million, indicating that SANSHU has a lot of room for growth. The fully diluted market cap is around $100 million.
Also Read: Floki Inu vs. Shiba Inu – Differences and Similarities
Sanshu Inu (SANSHU) Market Price Prediction
So what can we expect for the future price of Sanshu Inu? Some of the expert predictors have stated that SANSHU can actually grow at very large rates in both the short and the long run.
YouTube Crypto Now gives a careful analysis of Sanshu Inu and forecasts that a price of $0.01 is possible for SANSHU. One of the main arguments of this prediction is the burning mechanism of SANSHU tokens and that the price is deflationary.
https://www.youtube.com/watch?v=af-KpR_mitE
Bleeves Cryptocurrency Channel, another expert on YouTube, forecasts that SANSHU can go 100x in the future as the supply is burned and as the hype for Dogecoin-like cryptocurrencies increases.
Crypto Academy Sanshu Inu Price Prediction
Due to the many promising features that Sanshu Inu has, including the Dog Park and deflationary properties, we at Crypto Academy predict that SANSHU can go to the moon in the coming weeks and even in the longer run.
Sanshu Inu (SANSHU) Price Prediction 2022
As the demand for SANSHU increases and the hype intensifies, we could see SANSHU reach a price of $0.00000001 by the end of the year, and it may even reach $0.00000005 at some point in 2022.
Sanshu Inu (SANSHU) Price Prediction 2023
As for 2023, the price of Sanshu Inu could increase even more. As the goals set on the roadmap might be already fulfilled, and the Dog Park has an increase in trading volume as all the types of meme coins are used there, we could see SANSHU reach a price of $0.0000001.
Sanshu Inu (SANSHU) Price Prediction 2024
In 2024, the price of SANSHU might be less bullish, and it may even decline at some stage. However, as the BTC halving occurs in 2024, we could see another bullish trend start by the end of the year. Sanshu Inu could reach a price of $0.0000004.
Sanshu Inu (SANSHU) Price Prediction 2025
In 2025, the bull cycle might continue and even intensify. Since not all meme coins might be as promising as the likes of Sanshu Inu, many might be filtered out of the market and fewer meme coins may remain that long. Sanshu Inu could reach a price of $0.00001.
Sanshu Inu (SANSHU) Price Prediction 2026
Last but not least, Sanshu Inu could go to immense heights in 2026. With the supply constantly burned and mass adoption taking place, the price of SANSHU could reach $0.0001 in 2026. Cryptocurrencies are inevitably becoming more important in our lives, so such an increase could be expected.
Frequently Asked Questions (FAQ)
Can Sanshu Inu hit 1 cent?
Technically, the price of SANSHU could hit 1 cent in the long run as the supply is burned and the demand for SANSHU increases.
Will the price of SANSHU increase?
As a meme coin, SANSHU could reach immense heights in the future. Not only that meme coins are currently hyped and in demand, but the fundamentals of Sanshu Inu suggest that it is quite a promising project.
How far can the price of SANSHU go in 2021?
Cryptocurrencies such as Sanshu Inu can increase 100x overnight, but our prediction suggests that SANSHU can hit $0.00000001 by the end of the year.
How to buy SANSHU?
To buy SANSHU, you can use the MetaMask wallet and connect it with UniSwap since Sanshu Inu is built on the Ethereum network. There, you can buy Sanshu Inu directly.
Also Read: Shiba Inu (SHIB) Price Prediction 2022 and Beyond – Can SHIB Hit $1?
Takeaways
- Sanshu Inu (SANSHU) is a meme-influenced cryptocurrency and has been gaining more attention recently.
- Sanshu Inu is built on the Ethereum network.
- It has the Dog Park feature that allows users to farm or stake by using other Dogecoin-like coins.
- The total supply is 100 quadrillion SANSHU, and around 37 quadrillion are already in circulation.
- 58% of the initial total supply has been already been burned.
- SANSHU is a deflationary token, where a percentage of each SANSHU transaction is burned once the transaction is finished.
- Sanshu Inu has reached an all-time high of $0.00000001 in May of this year.
- The price of SANSHU is predicted to increase in the coming weeks and even in the longer run.