Gate.io, one of the popular cryptocurrency exchanges, recently announced that it will list the Vita Inu (VINU). Gaining momentum after the announcement of the stock market, VINU prompted users to ask “What is Vita Inu?” it made him say. In this article, we will tell you what you need to know about crypto money. Here are the details…
What is the Vita Inu?
Since the beginning of August, the value of the Vita Inu coin has increased by almost 200 percent. To some, this seems to be the path he will follow in the future. Meme coins have recently come to compete with mainstream cryptocurrencies. It even entered the top 10 with an intermediate market value. meme coins; common jokes on social media are affected by factors such as word games. Meme coins are community-driven and sometimes baseless tokens.
Vita Inu aims to be a high project in terms of transactions per second (TPS). It is also a tokenized meme coin with smart contracts based on dogs. The token’s roadmap principles include having fun, meeting new people, and learning about daily technical developments. But all of these will exist within a living ecology.
It is traded on many centralized or decentralized exchanges such as VINU, PancakeSwap, Uniswap, MEXC, Bybit. Recently, Gate.io joined them. In fact, Gate.io asked users what cryptocurrency should be listed. Then VINU got the highest votes. Thus, it gained its latest momentum with the announcement of the VINU listing. However, it is worth noting that the exact date of the listing has not yet been announced.
What is the latest situation in altcoin price?
According to CoinMarketCap, the Vita Inu has been bullish in recent days. The cryptocurrency rose from $0.00000002085 to $0.00000002286 and gained over 20 percent. VINU is currently trading at $0.00000002138 as of this writing. Meanwhile, the popularity of the Vita Inu has skyrocketed recently, despite being stripped of the top 10 cryptos. However, despite the recent sharp increase, buyers are cautious about VINU.
But experts consider this particular wave of impulses to be overly nervous. He stated that things were moving a little too fast and a price correction is now expected. After losing an important support level of a symmetrical triangle, the Vita Inu has already reversed course. It is currently moving towards the 0.618 Fibonacci support zone. In any case, if the decline continues, the next support level for Vita Inu (VINU) is $0.000000000199. In addition, experts pointed to the accumulation zone that could be entered into the market if this support level is lost.
It is worth noting that the daily relative strength index of the Vita Inu (VINU) meme coin has reached 74.13. According to experts, this level indicates relatively overbought. Analysts advise investors to be cautious and avoid risk as a result of such a strong pump.
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