In recent years, we’ve seen a boom in meme tokens, the majority of which began as meme tokens but were eventually turned into utility tokens (Mononoke Inu), giving these tokens tremendous future development potential. Shiba Inu is the best example.
Mononoke was a token that surfaced on social media a few days ago. On Twitter, there was a lot of buzz regarding this token. So we decided to conduct our own investigation, and this is what we discovered.
What is Mononoke Inu?
It’s an ERC20 coin that can be purchased with Trust Wallet or MetaMask through uniswap. The webpage for Mononoke Inu is fascinating. When you visit their official website, the first thing you see is an option to play a game, which when clicked, displays this video.
The creators describe Mononoke Inu as “Mononoke () is a Japanese avant-garde anime television series produced by Toei Animation.” Mononoke is a spin-off of the horror anthology series Ayakashi: Samurai Horror Tales, which premiered in 2006.
It follows the character of the medicine vendor as he continues to face a slew of otherworldly threats. Mononoke takes place in Japan between the end of the Edo period and the beginning of the Meiji Era, with a four-class system with Samurai at the top and merchants (such as the medicine salesman himself) at the bottom. Only Samurai were allowed to carry swords, which is why many of the characters are surprised to see the medicine vendor wielding one.
Performance
The current price of Mononoke Inu is $0.000000000235, which represents a 27.6% increase. As you can see in the graph above, this week’s performance was absolutely insane. Considering that it is a new token, the performance of this token has been quite good.
Because this Mononoke Inu has been increasing at a rapid rate, the one-month chart looks quite similar to the one-day chart. Once the Mononoke Inu token becomes more established, the market cap is established, and the trading volume stabilizes, the Mononoke Inu token will undoubtedly reach the moon in a few years. When we looked at the 7-day and 30-day charts, we were astounded. Only looking at the charts reveals that this token has a long way to go and that this is only the beginning.
Should I Buy Mononoke Inu?
Yes, you can purchase it because this coin is still in its early stages and has a lot of room for growth. You won’t have to spend a bunch on these because the price is now very low.
Because Mononoke Inu is still in its early stages, we do not recommend investing more than $100 in this coin. However, everyone has their own splits for purchasing new cryptocurrency so that you can buy according to your preferences. However, only invest what you can afford to lose; we cannot emphasize this enough.
How and Where To Buy
Step 1
To get started, you’ll need to purchase one of the major cryptocurrencies, in this case, Ethereum (ETH). This article will go in-depth into two of the most popular fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and features, which we’ll go over in-depth later. It is suggested that you try both of them and choose which one best suits your needs.
Step 2
Once you’ve completed the KYC procedure. You’ll be prompted to provide a payment method. You have the option of using a credit/debit card or a bank transfer here. Depending on your credit card provider and the variable costs when using cards, you may be charged more outstanding fees, but you will be able to make an instant purchase. While a bank transfer is less expensive but takes longer, some countries provide low-cost, quick cash deposits depending on your place of residence.
Now that you’re ready, select your fiat currency in the ‘From’ area on the ‘Transact’ screen and Ethereum in the ‘To’ field. Click preview to see your transaction, and then confirm if everything appears good… and congrats! You’ve just completed your first cryptocurrency transaction.
Step 3
However, because Mononoke-Inu is an altcoin, we still need to transfer our funds to an exchange where Mononoke-Inu may be exchanged. The following is a list of exchanges that offer Mononoke-Inu trading in several market pairs. Visit their websites to sign up for an account.
After that, you’ll need to deposit ETH from UpHold to the exchange. You can then acquire Mononoke-Inu from the exchange view once your deposit has been validated.
