There are thousands of digital currencies, some of which you have never even heard about; from Potcoin to Dentacoin, the list is endless. Some might make you raise a brow, while others might say, “there’s no way that exists”. That shows how massive the crypto space is, and we have yet to explore them all. Do not worry; your confusion is valid because I also thought the same when I came across Wakanda Inu.
I became curious and decided to dive in and learn more about this mysterious coin- what it is about, the future of the digital currency and more.
You must be here because you are equally curious about what Wakanda Inu is about, and I got you. Keep reading to discover more about this crypto coin that has been making waves in the crypto space but has also raised the brows of a lot of investors. What is Wakanda Inu about, and should you invest in it? Let’s take a look.
What Is Wakanda Inu?
You may not know this, but Wakanda Inu is actually a meme coin. But it has promised to be more than just a regular memcoin. As mentioned in its whitepaper, Wakanda Inu plans to do this by releasing several products such as non-fungible tokens (NFTs), farming, decentralised exchanges etc.
According to its whitepaper, Wakanda Inu is a community meme project forged from society’s deep and warm consciousness. Well, that definitely caught my attention. When I dug deeper, I found that it is a community-driven crypto project that represents the everyday struggles and aspirations of the best parts of what it means to be truly alive as a community.
Wakanda Inu was launched on the 7th of November 2021 and is held by over 113,000 people, which is actually the highest number of holders in any African Cryptocurrency project. Truly amazing.
The name “Wakanda” is derived from the famous Marvel Comic Movie, Black Panther. Awesome movie, but why did they name the crypto project after it? This made it seem a bit shady to me, but when I got to know more about it, It caught my interest.
Ways Wakanda Inu Has Influenced the Crypto Community in Africa
1. Wakanda Inu Has Attracted Nigerians and Africans to the World of Cryptocurrency:
Cryptocurrency is thriving worldwide, particularly in Africa, and Wakanda Inu has contributed to it. With a growing population of 1.216 billion people across Africa, it is evident that the sky is the limit with the ever-increasing adoption of cryptocurrencies in the continent.
2. Wakanda Inu Has Boosted Credibility and Trust Among African Developers in the Crypto Community:
Before the launch and growth of Wakanda Inu, many people were sceptical of African crypto projects and viewed them as just another rug pull waiting to happen, and you can’t really blame them, to be honest.
But with the inception of this crypto project, Wakanda Inu, and the momentum it has gathered, a lot of people are now opening up to African crypto projects and trusting African developers more. Which is very lovely to see and experience.
There were early campaigns against this token, and it was later revealed by tokenomics that a single wallet contained 76% of the maximum supply of Wakanda tokens.
But Wakanda developers expounded that 76% of the tokens are locked and would be burned to boost the token’s price. And on the 7th of December 2021, they indeed kept to their word and burned all 750 trillion tokens worth $150 million.
3. Wakanda Inu Has Empowered Young Africans to Achieve Millionaire and Billionaire Status:
Poverty is a major hindrance to the growth and stability of Africa, but with the success of Wakanda Inu, a new way to make money with cryptocurrency has emerged, as over 50x returns were earned by those who bought the presale tokens.
If the crypto project continues to grow, it will make many holders very happy as it will bring in a lot of fortune for them.
4. Wakanda Inu Paved the Way for Thriving African Crypto Projects:
Wakanda Inu’s success motivated others to launch projects in Africa, and it’s great to see. Since the launch of Wakanda Inu.
A new wave of smart African developers are creating some seriously cool coins with practical uses. Since Wakanda Inu hit the scene, two other African projects, Caketools and Farmbit, have come out with promising ideas and solid whitepapers. It’s exhilarating to see all this innovation happening.
5. The Wakanda Inu symbolises the African identity:
As mentioned earlier, named after the fictional African superpower country, Wakanda, in Marvel’s Black Panther movie. The Marvel comic movie celebrated African culture, and this crypto coin is doing the same thing.
Since its inception and success, a lot of Africans have continued to embrace their identity and culture, and it’s impressive to see.
The Future of Wakanda Inu
Although Wakanda Inu seems to have such a fantastic concept and strong community, the future of the meme token is still being determined. According to Coincodex price prediction, the value of Wakanda Inu is predicted to drop by -3.44% and reach $ 4.923e-9 by the 1st of March, 2023
Currently at $0, people are unsure if this crypto project will continue or fail, but we are calmly watching and hoping for the best.
Conclusion
Wakanda Inu is a mystery but has caught the attention of several crypto investors. While the future success of this token is uncertain, some are still hopeful.
Like any investment, before you purchase this token, you must do thorough research to determine if it is the right one for you.
Note that none of the information above should be taken as financial advice, and ensure you DYOR before delving into any investment.
