Crypto Inu (ABCD) has announced the issuance of a new DeFi deflation token. Community tokens are designed to combine charity support and stake for users. But the news didn’t immediately offer a buying bonus. Instead, the Crypto Inu (ABCD) has fallen sharply.
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Despite the news, the coin started with a fall of around 30% on Saturday.
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However, Crypto Inu did manage to add up to some of these losses and was trading at $0.0000001769, down 21% at press time.
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But analysts believe that as the crypto inu ecosystem expands, there will be more gains in the future.
Data Source: coinmarketcap.
Crypto Inu (ABCD) – what the future holds
Crypto Inu is a play-to-earn blockchain game that includes NFT rewards. It is basically a board game trying to bring virtual reality and 3D integration into the experience. Currently the market capitalization of this coin is approximately $8.5 million.
It’s literally a microcap, and there’s a lot to be gained from it. The fact that ABCD is also adding new features to its ecosystem is a sign that it is moving in the right direction. As we start to see, the crypto market is expected to rally in the coming days, ABCD is also expected to see some gains in the long run.
Why You Should Consider Crypto Inu (ABCD)
There are several reasons why investors would prefer some crypto assets over others. However, the major factor is always the upside for growth. The Crypto Inu (ABCD) looks more or less like a new coin.
There’s still a lot more to come when you consider its small market cap of about $8.5 million. Also, NFT based games are exploding right now. Although there is a lot of competition, you would expect Crypto Inu to earn some market share in the coming months.
The Crypto Inu (ABCD) tanked more than 30% in 24 hours after a new DeFi deflationary token was first appeared on CoinJour.