LEASH might not be as popular as Shiba Inu or Dogecoin but it still leads the dog pack with the highest price among dog-meme tokens!
The Doge Killer (LEASH) is the second token on the Shiba Inu ecosystem and ranks above the SHIB token in terms of price appreciation. Much has been said about the LEASH token and how it’ll take over every dog-meme token in the crypto market, including the top dog — Dogecoin.
From a narrow-angle, the LEASH token may seem like any other project, as it fell from its all-time high (ATH) of $8,983.59 pretty quickly. However, a massive increase in price might be imminent due to a couple of factors.
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Shiba Ecosystem can Boost LEASH
The Shiba Inu ecosystem consists of three major tokens — SHIB, LEASH and BONE. Each token has its unique aspect and uses in the Shiba environment. Shiba Inu (SHIB) leads the dog pack from the front and often a price appreciation in SHIB has a direct impact on both LEASH and BONE.
LEASH was originally going to be a rebase token that was set to be linked with Dogecoin’s price. However, it was later decided that the Doge Killer token will simply continue as an ERC-20 token.
The unique aspect of LEASH is its tokenomics, as it only has 107,647 minted tokens which can have a huge impact on its price — a point discussed later on in this article. LEASH holders have the option to stake their tokens in the LEASH staking pool and earn xLEASH, which is a share of the staking pool, based on the amount of LEASH staked on the platform.
With a supply of 250,000,000, the BONE token acts as a governance currency that allows its holders to vote on major decisions and upgrades that concern the ShibaSwap platform.
Both Shiba Inu (SHIB) and Bone ShibaSwap (BONE) tokens act as a supporting pillar to LEASH, as the huge following of both these tokens — especially SHIB — helps in stabilizing and often increasing the price of the LEASH token.
LEASH can Ride the Crazy Wave of NFTs
Non-fungible tokens (NFTs) can be termed as the biggest breakthrough of 2021, in the world of crypto. With NFT games like Axie Infinity (AXS), CryptoBlades (SKILL), Alien Worlds (TLM) and hundreds of others boasting thousands of active users every day, the craze of NFT is experiencing an exponential growth. Many crypto project are seeking to launch its own NFT art or game, to massively increase its net worth through price appreciation.
The good news for LEASH holders is that the ShibaSwap platform is soon going to launch Shiboshi NFTs — a collection of 10,000 lovable creatures. This launch, if wildly successful, could boost the price of tokens present on the Shibaswap platform. A major reason is that in the first 24 hours, the Shiboshi NFTs can ONLY be bought with LEASH, which means that the trading volume of the Doge Killer token may experience a big increase along with considerable price appreciation.
The Shiboshi NFT characters will also be featured in the upcoming Shiboshi Game, where players can use their NFTs for strategic gameplay.
With LEASH crossing the $2,000 mark in the past 24 hours, there’s a high chance that with the launch of the Shiboshi NFTs, the LEASH token could potentially continue this rally further.
LEASH has a ‘Killer’ Name
Do you feel the rage in the eyes of this (imaginary) rabid dog character? The LEASH token holds the same animosity towards any other dog-meme token (especially DOGE) and plans to kill it forever (pun-intended).
With such a killer name and objective, the LEASH token is on a relentless mission of ‘’killing’’ Dogecoin with the help of its ever-growing LEASH community.
Currently, Dogecoin (DOGE) ranks 10th in terms of market capitalization, which is over $32 billion. However, the overall rank of LEASH stands at #2889 in terms of market cap. To get at the top, and potentially overtake Dogecoin, the Doge Killer has to increase its popularity, which usually happens during a massive appreciation in price.
LEASH Tokenomics Holds a Big Advantage
Shiba Inu has a total supply of 1,000,000,000,000,000, which is one of the main reasons why the dog-meme token will take a significant time to reach its long-term target of $1. LEASH, on the other hand, has a total supply of just 107,647 tokens, which means that with the rising demand for the Doge Killer token, the price of LEASH can skyrocket much faster than Shiba Inu or any other token that has a huge token supply.
Social Media Craze of the Shiba Ecosystem
Twitter is the battleground for all cryptocurrencies — it’s how they thrive in the digital world. However, not many currencies share the ‘’madpower’’ of the Shibaswap ecosystem. Even now, the popular hashtags on Twitter are #SHIB, #shibainu, among many similar ones. This is due to a massive increase in the price of the SHIB token which touched a 1-year high of $0.00001994 and still trending on all major cryptocurrency and social media platforms.
The social media craze for LEASH is no less and its huge increase in price is solid proof of the influence social platforms can bring in the Doge Killer’s price. Until Oct. 4, 2021, the LEASH token was priced around $850, however, from that point on its price touched a high of $2,535, a level which was last seen in July 2021.
The LEASH token rides the social influence of the Shiba Inu token and also its own popularity, and according to crypto analysts, this is the biggest factor behind the success of the Doge Killer and the Shiba Ecosystem on every social media platform.
The ETH 2.0 Update
The Shiba ecosystem operates on the Ethereum blockchain, which means that the upcoming ETH 2.0 upgrade can have a massive impact on the price of every token, including LEASH. The Ethereum 2.0 upgrade is going to make things more scalable for every crypto project currently hosted on the ETH platform. Not only that, the much-anticipated upgrade will also lower gas fees, improve transaction speeds, resolve environmental concerns, and increase the overall value of the Ethereum blockchain.
When the ETH 2.0 upgrade happens, it will attract a lot of crypto projects and users, which will increase the worth of the Ethereum blockchain along with the crypto projects already hosted on the platform.
Price Predictions From Crypto Analysts
Many crypto analysts believe that the LEASH token has a high potential of price appreciation in the near future.
According to cointobuy:
‘’As per our Doge Killer analysis, today the investment has a 2.0 out of 10 safety rank and +873.8% expected ROI with the cost going to $7,468.97. The dominant ranking factor for this crypto asset is Social Following.’’
According to Digital coin price, the LEASH token can reach a total up to $6,936.13 USD in the near future.
According to Coinskid:
‘’Our Forecast System predicts that Leash could possibly increase in value in the short term by +6% to $1,520.28 from $1,429.25. The system forecasts a +21% move from $1,429.25 to $1,731.51 over the next month, Leash has a price prediction of $2,466.30 in over a years time.’’
A Jump To $10,000 Is Inevitable?
#Uptober is in full trend and the Bull Gods are shining down on the crypto world. Bitcoin has seen a solid price gain and currently trending in excess of $50,000, an appreciation that was last seen back in July. With the king of cryptocurrencies trying to reclaim its former glory, all digital currencies — including Shiba Inu and LEASH — have shown massive gains in their overall price in the past few days.
The crypto market sentiment is bullish right now, and the LEASH token has taken full advantage of it by more than doubling its price from Oct. 4, which was trending around $850. As of now, the price of the LEASH token and current technical indicators point towards a bullish sentiment. However, despite the bullish environment of the crypto market and the LEASH charts, the volatility and risk factor must be kept in mind, especially when trading in meme cryptocurrencies.
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