Dogecoin Price is retracing following SEC rates increase: Tora Inu is the next Meme coin to watch

There’s no denying that Dogecoin has been the top performer in recent memory. It had the fortune of Elon Musk buying social media platform Twitter and the controversial business magnate is known to be a fan of the meme coin.

As such, Dogecoin has jumped by over 80% in the last week. At one point, it was even higher, but recent SEC rate increases appear to be a factor that resulted in Dogecoin retracing. With DOGE slowing down a little, could there be other meme coins that become the next major performer? Tora Inu (TORA) looks like it could be.

Can Tora Inu Outperform the Alpha Dog?

Tora Inu Phase I sale is quickly selling out.

?Major press publications are beginning to notice #TORA

?Bullish news coming end of week

?How to buy: https://t.co/JH8xBKCDOe #ToraInu #dogecoin #crypto #ETH #presale #Cryptocurency #Giveaways #torainucoin #shibainu #SHIB pic.twitter.com/xqswvD9eQj

— Tora Inu (@torainucoin) November 2, 2022

Even if you think they’re not the best type of asset, there’s no denying that meme coins have had a huge presence in the crypto market. They are pure hype trains that are full of jokes and create a strong sense of community. Dogecoin had led the pack for a long time, but investors are now looking for something new – they want utility in their meme coins.

Until now, meme coins have been lacking in any utility. However, the advent of NFTs and the metaverse, as well as other technologies, have led to new ideas being developed. Projects can give users many ways to generate revenue and engage with the ecosystem.

One of the best examples of this is Tora Inu (TORA), a project which stands a strong chance to dethrone Dogecoin as we head into 2023. It offers many features that can retain attention and even more importantly, it has unique tokenomics that bring a lot of value to the TORA token.

Tora Inu has a Play-to-Earn game where players can battle their pets against others and earn rewards in the form of TORA and NFTs. Players can battle their pets with others, and these NFTs can be leveled up to gain improved stats. It can also be sold on NFT marketplaces.

Furthermore, Tora Inu will have a metaverse where players can interact with each other. Another good way to earn revenue here is by purchasing land, something that has proven popular in other metaverses.

What users will be more interested in are Tora Inu’s token burn and redistribution mechanism. As network transactions take place, burns happen, and the rewards are redistributed. This causes a reduction in supply which further increases value.

The TORA presale is currently live and it uses an incremental price increase method where TORA’s price goes up as new presale phases are launched. There has not been a private sale, and the beta sale will take place until phase 3.

Tora Inu is the Talk of the Town

Tora Inu is absolutely proving itself to be one of the hottest assets on the market right now – and that’s before it has even released some of its biggest features. There’s a lot to be excited about in the near future, including the metaverse and the release of the NFT collection. This makes TORA a meme coin to watch and even makes it an asset to watch in general.

Buy Tora Inu (TORA)