Volt Inu (VOLT) Makes Another Move on the Successful Path of SHIB
It’s always nice to see new projects that take inspiration from successful crypto projects. We have seen it many times before and it will happen again Volt Inu (VOLT). The project follows in the footsteps of SHIB, which has been very successful.
The team behind Volt Inu (VOLT) announced several listings of the token over the past few months. The project’s listing on Gate.io and Bittrex Global are the latest.
Gate.io – Implications for SHIB and Expectations for VOLT
The fact that VOLT’s listing on Gate.io has received so much attention in the market is not surprising. Crypto enthusiasts will no doubt remember how the price of SHIB increased 175 times after it was listed on the same exchange.
While some may see this as a coincidence, some may believe there is more to it than meets the eye. VOLT’s recent price development may be an indication of the project’s strong fundamentals and its long-term potential.
Of course, it’s still too early to tell if VOLT can replicate SHIB’s success. However, the project has already made a strong position for itself and is worth following.
Meme machines are becoming increasingly popular in the crypto space. Their often deflationary supply and high demand make them attractive to investors looking for incredible profits.
Does history repeat itself? VOLT joins Bittrex
Bittrex deserves a special mention among the latest platforms to list VOLT. The US stock exchange has been in the industry for a long time and is known for its strict listing requirements.
In the past, Bittrex has listed some of the most successful coins. These include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).
Interestingly, all these coins have something in common: they are all reputable projects in their respective categories. BTC is the largest cryptocurrency by market cap, while ETH is the second largest blockchain platform. LTC is one of the oldest and most trusted cryptocurrencies, and XRP is still the top coin by market cap.
Bittrex is a high target platform for crypto projects, as evidenced by the website’s strict criteria for listing tokens.
The fact that SHIB itself managed to join Bittrex only recently gives an idea of how competitive the space is.
VOLT’s listing on Bittrex is no surprise given the project’s strong fundamentals. Rahake has been one of the most hyped coins recently, and its price has risen accordingly.
How does listing a Token on a major exchange affect its popularity?
The listing of a token on a major exchange affects its popularity to a large extent. There are several reasons for this:
- It brings the brand to a larger audience: When a brand joins a major exchange, it gains exposure to a much larger audience than before. This is because the stock exchange has a large user base and the listing often attracts media coverage. As a result, more people become aware of the brand.
- It increases liquidity: Listing a token on a popular exchange also increases its liquidity. This is because the stock exchange provides a platform for people to buy and sell a brand. As a result, it becomes easier for people to trade the token and its popularity increases.
- It adds credibility: The token’s listing on a major exchange also increases the token’s credibility. This is because the exchange is a reputable institution, and listing its token increases the token’s legitimacy. As a result, more people are willing to invest in the token.
- It provides support: Token listing on a major exchange also includes support for the token. This is because the exchange can provide information and help to people who want to invest in the token. Therefore, more people are willing to invest in the token and its popularity is increasing.
The goal is to repeat SHIB’s success
VOLT and SHIB have several things in common. Both rely on anonymous and mysterious developers. They have numerous partnerships and an engaged community. Furthermore, Gate.io listed both projects nine months after their launch.
VOLT’s goal is to repeat SHIB’s success and become the top dog in the digital currency world. With so much in common with VOLT, it’s no wonder VOLT is quickly gaining popularity.
The fact that the listing of the two tokens on Bittrex happened almost simultaneously is an interesting signal for the market. Some might argue that VOLT fills the gap with SHIB.
Volt Inu’s (VOLT) proposal appeals to investors
Volt Inu (VOLT) is a token that relies heavily on hyperdeflation mechanisms to support its price action.
The interesting thing about Volt Inu (VOLT) is that it is not only a deflationary but also a hyperdeflationary. This means that its supply is shrinking even faster than the usual signs of deflation. This is because Volt Inu (VOLT) burns a portion of its tokens whenever someone buys or sells it on top of several other burning mechanisms. This reduces the supply, which in turn ultimately increases the price.
Final Thoughts – Parallel Stories of VOLT and SHIB
Both VOLT and SHIB have a lot in common as mentioned above. Both are deflationary brands committed to their communities. Interestingly, both tokens have recently been listed on Bittrex almost simultaneously. This is an important signal to the market, indicating that both projects are gaining traction.
VOLT wants to follow SHIB’s footsteps and dominate the digital currency market. It’s understandable that the VOLT is quickly gaining popularity since the two have so much in common.