Recently a new meme coin is impressing the cryptocurrency market with astounding and rapid growth.
Golden Inu, the newest dog-inspired crypto recently celebrated the growth of nearly 100% of its market cap.
The asset’s capitalization grew from $108k on March 4 to today reaching $198k.
As if that wasn’t enough, $GOLDEN also grew exponentially throughout the week. Last Saturday, the asset was trading at around $0.000000000002144. Today, it recently reached 0.000000000003940— totaling 86% gains in the last seven days.
With its incredible performance this past week, the asset further cements its place as the next potential “moon” in the meme coin-verse. Investors who are getting in early are eager to see how far $GOLDEN is gonna get in the long run.
How Golden Compares To Other Meme-coins in Performance?
Comparing new tokens with established assets may seem unfair. Nonetheless, drawing comparisons between Golden Inu and main competitors Shiba Inu and Dogecoin, can help shed light on the potential of investing in new and trustworthy projects.
While established assets have a proven track record and a solid foundation, investing in newer projects can offer the opportunity for greater gains and a more significant impact on the market.
Both $DOGE and $SHIB are down this weeks. While the world’s first meme coin lost 10.48% in value, Shiba Inu investors lost about 7.35%.
In layman’s terms, if an investor had invested $1,000 in each of the meme coins, these would be the results: Golden Inu would have returned $1860, while a DogeCoin or ShibaInu investment would have lost $100; a return of $900 from that original $1000 invested.
The main reason for these differences is technology. Golden Inu has provided a start or phase 1 to their ecosystem. “Golden Quest” job platform was launched 1 week ago. Several users have already begun working jobs on the platform and others are joining daily as the word spreads. And numbers are expected to explode in the near future judging by the official subreddit, @GoldenInuToken. It has been growing 30 or more users daily since its launch less than 2 weeks ago
All of those wishing to use the growing “Golden Quest” platform to earn money must buy or sell the BSC [Binance Smart Chain] based token at some point. Part of the genius of the new crypto is thateach of those buy/sell actions come with a 6% tax. Half of that money automatically invests back into the ecosystem via the community treasuryto pay professionals who develop the ‘Golden Inu’ world. The other half adds to the 10-year-locked liquidity pool or fiat backing to the currency.
