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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

What Is Vita Inu (VINU) And Why Is The Meme Coin Up 80% In Last 24 Hours?

Christian Encila
Christian Encila
3 years ago
3 mins read
Vita Inu

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One of the top-performing meme currencies of the week, Vita Inu (VINU), is hogging the headlines.

  • Vita Inu meme coin is up by almost 200%
  • Coin’s price spikes by 3.13% as of this writing
  • Vita Inu nearing the overbought zone

Since the beginning of August, the value of the Vita Inu meme has skyrocketed by almost 200%, and this seems to be the track it’s treading in the future.

Meme coins have recently risen to the summit of the list of top 10 market values, competing with mainstream cryptocurrencies. Meme coins are influenced by common jokes, puns, and sarcasm on social media.

To increase trade and transactions in the crypto realm, mainstream crypto has developed a specialized technology. Meme currencies are tokens that are community-driven and community-oriented and lack fundamentals.

They promote a lighthearted style of expression that Millennials and members of Generation Z may identify with.

Chart: CoinMarketCap

VINU Skyrockets In Popularity

According to CoinMarketCap, Vita Inu has spiked by 80% in the last 24 hours. VINU is currently trading at $0.00000002134 as of this writing.

Meanwhile, the popularity of Vita Inu has skyrocketed recently despite the fact that it was scraped from the top 10 cryptos. However, purchasers are wary about VINU despite the recent sharp increase.

Experts, however, say that this particular impulse wave is over-stretched, indicating that things moved along a little too quickly and that a price correction is now to be anticipated.

After losing a key support level of a symmetrical triangle, Vita Inu has already reversed course and is currently moving toward the 0.618 Fibonacci support zone.

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3 years ago

VINU Nearing Overbought Zone

In any case, Vita Inu’s (VINU) next support level is at $0.0000000199 if the decline persists. A significant re-accumulation region has been found that experts anticipate the system should consider entering if this level of support is lost.

It is important to note that the Vita Inu (VINU) meme coin’s daily relative strength index today reached 74.13, indicating that it is relatively overbought. 

As a result of such a muscular pump, analysts advise investors to be cautious and risk-averse.

Vita Inu is a tokenized meme coin with a high TPS and smart contracts that are based around dogs.

The token’s guiding principles include having fun, meeting new people, and learning about day-to-day technical advancements. However, all of these will be available inside a vibrant and contagious ecology.

Customers should therefore keep investigating and examining the cryptocurrency markets for meme currencies that are still listed on centralized exchanges, such as buying Tamadoge coins in presales.

Related Reading

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Elrond Network Watch: Consider This Before Filling Up Your Wallet With EGLD

3 years ago

Crypto total market cap at $947 trillion on the daily chart | Source: TradingView.com

Featured image from Business Patrika, chart from TradingView.com
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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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