Sanshu Inu Coin Price Up 5% – Time to Buy?

Even though Bitcoin and Ethereum have grown 90% and 500% year-to-date, respectively, other crypto assets have also grabbed investors’ attention. One of these is the meme coin Sanshu Inu coin. Sanshu Inu is part of a growing number of spiritual successors of popular Dogecoin.

Dogecoin has enjoyed phenomenal growth in the last six months, increasing 15,000% to an all-time high of 74 cents before tapering off. This renaissance has seen meme digital tokens boom, with investors clambering into the meme market.

What is Sanshu Inu (SANSHU)?

Sanshu Inu coin is a fully decentralized community-focused transaction network. Coming out on May 12, 2021, Sanshu Inu is a deflationary meme-based token that rewards holders on every transaction done on its network.

The development team behind the meme coin sets itself apart from other joke coins by burning 100% of the liquidity pool (LP) and 100% of the development wallet. They also renounced ownership of the protocol, making it a rug pool-proof.

To prevent a ‘pump and dump’ scenario, which has largely plagued the crypto space, Sanshu Inu coin puts a transaction limit on huge buys. It ensures that every member can get their hands on the digital token, thereby fostering decentralization of funds.

Sanshu Inu coin says that its deflationary digital token works on two basic premises; one is burning, and the other is redistribution.

This will see about 1% of all transactions burned, while 1% will be distributed to token holders. Regarding its max supply, Sanshu puts it at 100 quadrillions.

Sanshu Inu coin is a pretty new entrant into the dog-inspired crypto race and has not had time to really penetrate the market. But all in all, it has attracted much attention. So far, it has seen a 40% growth making it one of the top dog-meme coins in the crypto space.

However, its market cap of just $115 million makes it a pretty small-cap meme coin compared to Shiba Inu, Hoge, Akita Inu, Jindo Inu, and the ever-expanding world of joke coins.

Meanwhile, its price action is an aspect investors should be interested in. On the 24hr trading chart, the Sanshu Inu coin surged to 29.53%. Sanshu Inu has a daily trading volume of over $2 million on the uptake, which means investors are gradually piling on the dog-inspired cryptocurrency.

Can Sanshu Inu Make It To One Cent?

Sanshu Inu coin basically stands at $0 and seems far from making any significant mark on investments. Considering this, it may be a long time before investors can hit the jackpot with this one. But we all know how unpredictable the crypto space can be.

However, for Sanshu to make it to a cent, it would require a trillion-dollar valuation. The trillion-dollar market is a feat only Bitcoin has been able to achieve so far. Sanshu Inu coin would have to rise 100 million percent to reach the trillion-dollar cap.

Etherum, a close rival, is far behind, making it difficult for Sanshu Inu to reach the set price mark. However, Sanshu Inu doesn’t have to hit that price mark for investors to profit from it. Nonetheless, the meme token is still one to watch.

Often disregarded parody coin DOGE has shown the world what the shunned can do after it jumped into the top ten crypto spot while dusting Fortune 500 companies like Ford Motors and Twitter in the process. Even celebrities have fallen in love with the Shiba Inu (not to be mistaken with a crypto project with the same name). Tesla boss Elon Musk is even looking to turn DOGE into an interplanetary currency.

Sanshu Inu can also attract celebrity fandom if it plays its cards right, but for now, it can satisfy itself with the media attention it has received.

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