What Is HarryPotterObamaInu (INU)? Tokenomics & Why It Matters

What does INU stand for?

HarryPotterObamaInu is a brand new generation of meme coins working on the Ethereum Blockchain.

Like other meme cash, HarryPotterObamaInu is only focused on entertainment and isn't supposed to be a serious investment vehicle.

Launched in August 2023, the undertaking is an interesting blend of the hugely a hit Harry Potter film series and the recogNition of the United States’ first black president, Barack Obama.

In this parody universe, both Harry Potter and Barack Obama are anticipated to play critical roles where Harry Potter and Barack Obama meet in a spellbindingly absurd universe.

However, they’re no longer alone on this fun story. Popular Japanese dog masCOTS, Shiba Inus, are monetary advisors on this absurdly devised global.

In this international, magic spells and political talk come together to create the INU Token – a decentralized forex that holds no intrinsic fee and is best supposed for fun-Themed Exploits.

HarryPorterObamaInu’s Strong Start to Life

HarryPorterObamaInu has hastily gained momentum and eMerged as one of the fastest-growing meme coins inside the crypto space.

Since its debut, its native INU token has surged to a marketplace capitalization exceeding $1.1 million. Although this figure may additionally seem Modest in comparison to famous meme cash like Dogecoin, Shiba Inu, and Pepe Coin, it represents a roBust start for the venture.

To placed it in attitude, it took PEPE about three weeks from its mid-April release to attain a market vaLuation of $1.6 billion.

While HarryPotterObamaInu won't enjoy such tremendous popularity, its staggering Charge trajectory affords sufficient optimism for a sturdy marketplace Presence.

Its INU token reached its top rate on September 4th, hitting an all-time excessive (ATH) of $0.0008948. This marks an tremendous 551.Fifty two% boom from its all-time low (ATL) of $zero.0001268, Recorded eleven days previous.

In addition, the INU token has risen with the aid of over 286% because it started out buying and selling in August 2023. The venture has already secured a listing at the CoinMarketCap Platform, similarly solidifying its presence within the Cryptocurrency panorama.

INU Tokenomics

HarryPorterObamaInu, like different meme coins within the crypto sphere, boasts a nicely-established tokenomics Device. Its INU token has a complete deliver of one billion tokens.

All the 1 billion INU tokens are in move on the time of writing. The token has already determined its manner into the portfoliOS of about 9,three hundred crypto investors. This points to the Great popularity and demand the INU token is experiencing.

Key tokenomics details encompass:

• Contract address: 0x8423B76BE8ef6CA7400a6b4c334d29C1D5d4572c
• Total token supply: 1,000,000,000
• Circulating deliver: 1,000,000,000
• Security: Caged and ownerless
• Taxes: None

Is INU a Good Investment?

HarryPotterObamaInu is a parody coin via nature. So, is it an amazing funding to faucet into?

The answer isn’t straightForward; it is a nuanced sure and no. This blended reaction STEMs from a foremost reason – parody cash are gaining reputation notwithstanding the absence of underlying monetary elements.

For Instance, the Pepe Coin challenge witnessed an magNiFicent surge in below a month. However, it later experienced a considerable drop. HarryPotterObamaInu ought to follow a comparable path if it cultivates a sturdy decentralized Network for guide.

Nevertheless, that is a notably Volatile undertaking if it is meant for the long term. Meme cash are especially risky as their price swings sporadically because of their loss of a fundamental base.

Hence, HarryPotterObamaInu have to most effective be tapped into for the a laugh of being part of a commUnity and now not for the financial gains it would yield down the line.

How to Buy HarryPotterObamaInu’s INU Token?

HarryPotterObamaInu continues to be in its early levels, because of this that ability traders have restrained alternatives for getting and promoting this Digital Asset.

At gift, it’s to be had on the well-known Ethereum-based totally decentralized trade (DEX) platForm UniSwap version 2 (V2), as well as IndoEx.

However, this Digital token can most effective be traded towards the Wrapped Ether (wETH) token. This way investors have to possess the specified trading pair, wETH, to get right of entry to the INU asset.

It enjoys a “high” confidence degree and is exceedingly liquid, scoring 258. Liquidity refers to the benefit with which an asset may be offered and bought with out significant hurdles.

The INU token is not just restricted to the DEX surroundings. Crypto investors greater acquainted with centralized crypto structures can cHange INU at the IndoEx trade.

On the platform, INU enjoys a “moderate” self belief degree and a low liquidity rating of 1. INU token is simplest supported with the popular USDT Stablecoin at the IndoEx trade.

Bottom Line: The Future of HarryPorterObamaInu

Meme coins like HarryPorterObamaInu blow warm and bloodless several times within a year. This is because of the shortage of intrinsic basics backing them.

They prioritize short-time period gains for eager traders to buy low and promote excessive. This often Makes them an impractical convoy for lengthy-term holdings.

However, a few meme cash like Pepe have in large part redefined the surroundings wherein they operate. This might be the case with the HarryPorterObamaInu undertaking.

Given the popularity of the Harry Potter film series and Barack Obama, HarryPorterObamaInu has the Capacity to climb the ranks inside the worldwide meme coin area.