Akita Coin: A Wise Investment Decision?

Akita Inu (AKITA) is a cryptocurrency that started as an internet meme. The team's goal is to turn the Akita Inu coin from a meme into an actual, functional coin with various applications. Akita Inu is based on Ethereum's blockchain and is very similar to the Shiba Inu token, which has gained traction alongside Dogecoin. With a much smaller market capitalization than both Dogecoin and Shiba Inu, some speculators are buying Akita Inu digital assets in hopes of making high returns. However, the cryptocurrency market is volatile and investors should be cautious.

Akita Inu's price history

The Akita Inu token is a cryptocurrency that started as an internet meme. The team's goal is to turn the Akita Inu coin from a meme into an actual, functional coin with various applications. The AKITA token is based on Ethereum's blockchain and was launched anonymously on 1 February 2021. The token began trading on Uniswap for about $0.0000000067 and quickly appreciated to $0.0000080000 on 4/20. As of May 2024, the live price of Akita Inu is $0.000001 per (AKITA / USD) with a market cap of $14.33 million. The 24-hour trading volume is $1.39 million and the circulating supply is 68,071.54 billion. The highest price paid for Akita Inu was $0.000029.

The Akita Inu token is very similar to the Shiba Inu token, which has gained traction alongside Dogecoin. Both tokens are 100% decentralised and launched through an Initial DEX Offering (IDO). The main difference between the two is the maximum supply, with Akita Inu having only one-tenth of the supply of Shiba Inu, making it a scarcer asset.

The Akita Inu token is not listed on Binance for trade and service. The most popular exchange to buy and trade Akita Inu is Gate.io, where the most active trading pair is AKITA/USDT. Other popular options include Uniswap V2 (Ethereum) and OKX.

How to buy Akita Inu tokens

To buy Akita Inu tokens, you can use a variety of centralised and decentralised crypto exchanges. The most popular exchange to buy and trade Akita Inu is Gate.io, where the most active trading pair is AKITA/USDT. Other popular options include Uniswap V2 (Ethereum), OKX, BitMart, BingX, and MEXC.

• Sign up for an account on Gate.io and complete any necessary verification processes.
• Deposit funds into your account. You can either deposit cryptocurrency or fiat currency, depending on your preferences and what Gate.io supports.
• Once your funds are deposited, search for the AKITA/USDT trading pair.
• Decide on the number of tokens you want to buy, taking into account your risk tolerance and investment strategy.
• Place a buy order at the current market price or set a limit order to purchase at a specific price.
• Review your order details and confirm the transaction.

It's important to note that the process may vary slightly depending on the exchange you choose and your payment method. Always do your own research, carefully assess the risks, and consult a financial advisor before investing in any cryptocurrency.

Additionally, make sure you have a secure wallet to store your tokens. You can use a software wallet, such as MetaMask, or a hardware wallet for added security. Remember to keep your private keys and recovery phrases safe and secure.

Akita Inu's market cap

Akita Inu (AKITA) is a cryptocurrency that started as an internet meme. The Akita Inu team aims to turn the coin from a meme into a functional coin with various applications. The Akita Inu blockchain intends to expand its capacity to move information and exchange data between other blockchains.

The current market cap of Akita Inu is $12.57M, with a 24-hour trading volume of $358.53K. The live Akita Inu price today is $1.17e-7 USD, with a 24-hour trading volume of $135,905 USD. The current CoinMarketCap ranking is #1057, with a live market cap of $7,951,605 USD. The price of Akita Inu has decreased by 0.48% in the last hour and increased by 6.30% in the past 24 hours.

The Akita network has also bridged to Avalanche for project governance through community support. The AKITA network DAO is a decentralised autonomous organisation and is an Olympus. The AKITA network DAO has an established reserve currency protocol on Avalanche, based on the gAKITA token. The gAKITA is an algorithmic reserve currency backed by other decentralised assets.

The maximum supply of the Akita Inu token is 100,000,000,000,000 AKITA, with 7.82% already burned or destroyed. Token burning is the process of sending tokens to an unusable or invalid address, which decreases the token supply and increases its value.

Akita Inu vs Shiba Inu tokens

Akita Inu and Shiba Inu are two of the most popular meme-based coins in the cryptocurrency world. Both tokens are named after Japanese dog breeds, but their similarities go beyond that. In this comparison, we will delve into the unique features of each token, their current market performance, and help you decide which one might be a better investment option.

Akita Inu (AKITA)

Akita Inu, inspired by Dogecoin, was launched on February 1, 2021, as a decentralized meme currency built on the Ethereum network using the ERC-20 protocol. The AKITA community, which has no formal founder, backs the token and is funded by the AKITA network. Within a few months of its launch, Akita Inu gained traction and was added to several exchanges, including MXC, HotBot, and Poloniex. The AKITA community prides itself on being a decentralized, community-driven experiment with no founders or team tokens, allowing collective agreement to drive its future. The token has seen volatile spikes and currently trades at $0.000001 per AKITA, with a 24-hour trading volume of $1.39 million and a market cap of $14.33 million.

Shiba Inu (SHIB)

Shiba Inu, launched on August 1, 2020, is an Ethereum-based coin that gained popularity due to rampant speculation and strong community engagement. The token was created by an anonymous founder, "Ryoshi", and during its launch, one quadrillion SHIB tokens were minted. Half of the supply was donated to Vitalik Buterin, Ethereum's founder, who burned most of them by sending them to a dead crypto wallet address. The Shiba Inu ecosystem consists of a decentralized exchange, Shibaswap, and two other tokens, 'LEASH' and 'BONE'. The Shiba Inu community is also actively involved in a rescue campaign for Shiba Inu dogs. The token is currently priced at $0.00001495, with a 24-hour trading volume of $265.41 million and a market cap of $2.35 trillion.

Key Differences and Similarities

Shiba Inu and Akita Inu have some notable differences and similarities that potential investors should consider:

• Launch Date: Shiba Inu was launched in August 2020, while Akita Inu followed six months later in February 2021.
• Founders: Shiba Inu was created by an anonymous founder, whereas Akita Inu was established through the AKITA network, a community with no formal leader.
• Community Engagement: Both tokens have strong community links, with Akita Inu boasting over 15,000 investors and 20,000 members on its Telegram channel within three months of its launch.
• Volatility: Both coins have experienced highly volatile spikes in value over the past few months.
• Blockchain: Both Shiba Inu and Akita Inu are based on the Ethereum blockchain.

When considering investment options, it is essential to recognise that both tokens are speculative and carry risks due to their young lifespan and volatile nature. If you are seeking a momentum-based investment, Akita Inu might be more attractive due to its newer entry and potential for growth. On the other hand, Shiba Inu could offer a relatively safer option with more market experience. Ultimately, conducting thorough research and understanding the associated risks is crucial before investing in either of these meme-based coins.

Akita Inu's future outlook

Akita Inu Future Outlook

Akita Inu (AKITA) is a cryptocurrency that began as an internet meme. The developers of the AKITA coin launched it anonymously on 1 February 2021, and it is based on Ethereum's blockchain. The team behind AKITA aims to turn the coin into an actual, functional coin with various applications. It is a blockchain that aims to expand its capacity to move information and exchange data between other blockchains.

The Akita Inu whitepaper highlights the issue of stablecoins pegged to traditional currencies, which are controlled by governments. When traditional currencies fall in value, so do these stablecoins. The AKITA network DAO intends to address this issue by producing gAKITA, an unbound stablecoin. gAKITA is an algorithmic reserve currency backed by other decentralised assets.

The maximum supply of the Akita Inu token is 100,000,000,000,000 AKITA, with 7.82% already burned or destroyed. Token burning is the process of sending tokens to an unusable address, thereby decreasing the supply and increasing the token's value.

The Akita Inu token is very similar to the Shiba Inu token, which has gained popularity alongside Dogecoin. Both are 100% decentralised and launched through an Initial DEX Offering (IDO). However, Akita Inu has a much smaller market capitalisation and only has 1/10th of the maximum supply of Shiba Inu, making it more scarce.

The Akita Inu token initially began trading hands on Uniswap for about $0.0000000067 and quickly appreciated to $0.0000080000. As of May 2024, the live price of Akita Inu is $0.000001 per (AKITA / USD) with a market cap of $14.33 million. The 24-hour trading volume is $1.39 million, and Akita Inu is up 5.42% in the last 24 hours.

While Akita Inu has seen some price appreciation, most seasoned cryptocurrency investors would caution that there are better investment opportunities in the market. The long-term value of Akita Inu is uncertain, and it is unlikely to hold its value over time. However, some speculators are buying Akita Inu digital assets, hoping for high returns due to its small market capitalisation and scarcity relative to similar tokens.

In summary, Akita Inu's future outlook is uncertain. While it has gained some traction and seen price increases, it operates in a crowded market for dog-themed cryptocurrencies. Its value proposition may be limited beyond the short term, and it faces competition from more established tokens.

Frequently asked questions