Leash Coin: A Wise Investment Decision?

Leash Coin, also known as Doge Killer, is a token in the Shiba Inu ecosystem. It was created in 2021 as a rebase token pegged to the price of Dogecoin, with a supply of 107,646 tokens. Leash Coin's limited supply is seen as a major advantage, as it counters the risk of inflation and increases demand for the asset. The price of Leash Coin has been volatile, with an all-time high of over $7,000 in May 2021 and a low of around $300 in 2024. Leash Coin can be bought on ETH-compatible crypto exchanges and is seen as a potential good investment due to its association with the Shiba Inu community. However, it is important to note that cryptocurrencies, especially meme coins, are highly volatile and carry significant risks.

Leash Coin's price history and predictions

Leash Coin, also known as Doge Killer, is a token in the Shiba Inu ecosystem. It was originally intended to be a rebase token pegged to the price of Dogecoin, but it was later ""unleashed"" and no longer tracks Dogecoin's price.

Leash Coin has a very low total supply of only 107,646 tokens, which makes it unique among dog-themed coins and helps explain its high price. The scarcity of the tokens is achieved partly by burning them.

The price of Leash Coin has been volatile. It had a stunning all-time high of over $7,000 in May 2021 and is currently trading at around $263.13 as of September 2024.

In terms of price predictions, some sources state that Leash Coin may soon overtake other dog-themed tokens like Shiba Inu and Dogecoin. It is expected to hit a price of $5,000 by the end of 2024, driven by the popularity of Shiba Inu among Ethereum and meme-based crypto investors. If the overall market reaches an all-time high, there is a possibility that Leash Coin could also regain its all-time high level.

Additionally, if the trend continues and Leash Coin survives the downturn in the market, it is predicted to hit a price of $10,000 by 2022. However, it is important to keep in mind that the crypto market is marked by volatility and risk factors, especially when trading meme cryptocurrencies.

The benefits of Leash Coin

Leash Coin, also known as Doge Killer, is a token in the Shiba Inu ecosystem. It has several benefits that make it a unique and attractive investment opportunity.

Firstly, Leash Coin has a limited supply of only 107,646 tokens, which is significantly lower than other dog-themed cryptocurrencies. This limited supply counteracts the risk of inflation and increases demand for the asset. The scarcity of Leash Coins is achieved partly by burning the tokens, which involves removing them from circulation.

Secondly, Leash Coin holders are rewarded for their commitment by the developers with exclusive items from time to time. There are currently less than 50,000 LEASH token loyal holders who enjoy these perks.

Additionally, being part of the ShibaSwap exchange provides Leash Coin holders with various opportunities. It gives them the option of liquidity and the ability to receive the SSLP token, which is the Leash-Eth SSLP.

The Shiba Inu ecosystem also includes Bone ShibaSwap (BONE), another dog coin traded on the ShibaSwap decentralized exchange (DEX). Leash Coin, Bone, and Shiba Inu (SHIB) are all part of the dog coin avalanche that took the crypto space by storm in 2021.

Furthermore, Leash Coin has the potential to emerge as the successful Doge Killer. Its price has been on an uptrend, and some predictions state that it may soon overtake other dog-meme tokens like Shib and Dogecoin in terms of market performance.

Lastly, Leash Coin is available on several ETH-compatible crypto exchanges, such as Jubi, CoinW, BKEX, UniSwap, Gate.io, Hotbit, and Bilaxy, making it accessible to investors worldwide.

In conclusion, Leash Coin offers a unique set of benefits within the Shiba Inu ecosystem, including limited supply, rewards for holders, and accessibility on multiple exchanges. These factors contribute to its potential as a successful investment opportunity in the cryptocurrency market.

How to buy Leash Coin

Doge Killer (LEASH) is a token in the Shiba Inu (SHIB) ecosystem. Unlike other major cryptocurrencies, it cannot be purchased directly with fiat money. However, it can be bought by first buying a major cryptocurrency, such as Ethereum (ETH), and then transferring it to an exchange where LEASH is available. Here is a step-by-step guide on how to buy LEASH:

Step 1: Register on a Fiat-to-Crypto Exchange

The first step is to sign up for an account on a fiat-to-crypto exchange, such as Uphold.com or Coinbase. These platforms allow you to buy cryptocurrencies with fiat money (e.g. USD, EUR). During the registration process, you will typically be asked to provide personal information, including your name, email address, and mobile number. You may also be required to set up two-factor authentication (2FA) for added security.

Step 2: Buy ETH with Fiat Money

Once your account is set up, you can purchase ETH with your fiat currency. You can usually do this by linking a payment method, such as a credit/debit card or bank account, to your exchange account. Keep in mind that using a credit/debit card may incur higher fees, but it will allow for instant purchases. Bank transfers, on the other hand, are typically cheaper but slower.

Step 3: Transfer ETH to an Altcoin Exchange

Since LEASH is an altcoin, you will need to transfer your ETH to an exchange where LEASH is traded. Popular options include Gate.io, Shibaswap, LBank, Uniswap (V2), and BitMart. These exchanges offer a wide range of altcoin trading pairs and impressive liquidity. When signing up for an account on one of these platforms, you may be required to go through another know-your-customer (KYC) process, which can take some time.

Step 4: Deposit ETH to Exchange

After your ETH has been transferred to the altcoin exchange, you will need to deposit it into your exchange wallet. To do this, copy the unique public address of your ETH wallet on the exchange and use it to send your ETH from the fiat-to-crypto exchange. Make sure to double-check that the addresses match to avoid sending your funds to the wrong address.

Step 5: Buy LEASH

Once your ETH has been deposited into your exchange wallet, you can finally purchase LEASH! On the exchange platform, look for a search bar or a list of available trading pairs. Find the LEASH/ETH pair and enter the amount of ETH you want to spend on buying LEASH. Review the details of your purchase, and then place your buy order.

Last Step: Store LEASH Securely

If you plan on holding your LEASH for the long term, consider storing it in a secure wallet. While exchange wallets are convenient, they are always online ("hot wallets"), which exposes them to potential hacking incidents. A safer option is to use a "cold wallet," such as a hardware wallet or paper wallet. Hardware wallets, like the Ledger Nano S or Ledger Nano X, offer military-level security and are considered a good investment for holding your crypto assets.

How to keep Leash Coin safe

Leash Coin, or Doge Killer, is a token in the Shiba Inu (SHIB) ecosystem. It is a dog-themed cryptocurrency inspired by the Japanese breed of dog of the same name.

Cold Wallets

One way to keep your Leash Coin safe is by storing it in a "Cold Wallet". These wallets only have access to the blockchain when you send funds, reducing the chances of hacking incidents.

Encrypted VPN Connection

Using a Virtual Private Network (VPN) while trading can add an extra layer of security. A VPN makes it more difficult for hackers to intercept your sensitive data, especially when using public Wi-Fi or trading on the go.

Secure Trading Platforms

It is important to use secure and trusted trading platforms when buying, selling, or exchanging Leash Coin. Look for platforms with strong security measures, such as two-factor authentication and encryption, to protect your funds and personal information.

Safe Storage

Consider storing your Leash Coin in a secure digital wallet that offers encryption and backup options. There are various types of wallets, including hot wallets (web-based or mobile) and cold wallets (offline devices or paper wallets). Each has its own security considerations, so choose one that suits your needs and ensure you follow the security guidelines provided by the wallet provider.

Regular Software Updates

Keep your devices and software updated with the latest security patches. This includes your operating system, web browser, and any applications you use for trading or storing cryptocurrencies. By staying up to date, you can benefit from the latest security enhancements and reduce the risk of known vulnerabilities being exploited.

By following these measures, you can help protect your Leash Coin investment and reduce the risk of unauthorized access or theft.

Factors influencing the upside in Doge Killer price

Several factors influence the upside in Doge Killer (LEASH) price. Here are some key considerations:

• Supply and Demand: The basic economic principle of supply and demand plays a crucial role in determining the price of Doge Killer. The token has a very low total supply of only 107,646, which is in stark contrast to other dog-themed cryptocurrencies that have a much higher supply. This low supply can increase demand and drive up the price of LEASH.
• Market Sentiment and Speculation: Market sentiment and speculation significantly impact the price of any cryptocurrency, including Doge Killer. Positive news, community support, and bullish sentiment can drive up the price, while negative sentiment and fear can lead to price declines.
• Trading Volume: The 24-hour trading volume of Doge Killer is a crucial factor to consider. An increase in trading volume often indicates heightened market activity and can lead to price volatility. A higher trading volume can also attract more attention from investors and speculators, potentially influencing the price.
• Price History: Doge Killer's price history, including its all-time high and low, can provide context for its current and future price movements. As of September 2024, the price of Doge Killer is $263.13 USD, down from its all-time high of over $7,000 in May 2021. The token's price has experienced volatility but has shown a consistent uptrend in certain periods, such as September and October 2021.
• Shiba Inu (SHIB) Ecosystem: Doge Killer is a token within the Shiba Inu ecosystem, which also includes SHIB and Bone ShibaSwap (BONE). The success and popularity of SHIB as the "Dogecoin Killer" can influence the price of LEASH. Additionally, the burning of SHIB tokens and the collaboration between the Shiba Inu and Dogecoin communities have impacted the price of LEASH in the past.
• Ethereum Blockchain: Doge Killer is an ERC-20 token issued on the Ethereum blockchain. The stability, security, and popularity of the Ethereum blockchain can positively affect the price of Doge Killer. The transition of Ethereum's blockchain from proof-of-work to proof-of-stake in September 2022 enhanced its position as a go-to solution for decentralized application (DApp) creators.
• Community and Governance: The Bone ShibaSwap (BONE) token is the governance token of the Shiba Inu ecosystem. The community's decisions and proposals in the upcoming Doggy DAO can influence the rewards and utility of Doge Killer, potentially impacting its price.
• Competition and Market Conditions: The overall market conditions and competition within the cryptocurrency space can affect the price of Doge Killer. The popularity of dog-themed coins, such as Baby Dogecoin (BabyDoge) and Drunkdoge (DRUNK), can impact the demand and price of LEASH.

These factors, among others, can influence the upside in Doge Killer (LEASH) price. It is important to conduct thorough research and due diligence before investing in any cryptocurrency, as the market is highly volatile and subject to various influences.

Frequently asked questions