Vita Inu or VINU is the native token of the Vite DAG chain and the governance token of the VINU Ecosystem. It is known to be the first quick, free, canine-themed coin with high TPS and smart contracts. It was launched in November 2021 and is ranked 769 on coinmarket as of today (4 November).
At the moment Vita Inu is trading at a price of ₹0.000001689 with a market cap of ₹793,247,303. The highest price it ever reached was ₹0.000005852 which happened on 30 March 2022 and the lowest price was on 3 December 2021.
According to its white paper, VINU is built on the philosophy of letting people have fun, meet new people, and learn everything there is to know about the most significant technological advancement of our time: cryptocurrency. Vita Inu aims to contribute to the development of sizable DAG ecosystems that permit the free, secure, and effective exchange of multiple cryptocurrencies in cooperation with the Vite network.
Factors that helped Vita Inu to receive such popularity
With a maximum supply of 900 Trillion (978,854,006,971,287), it was simple for individuals to purchase it because there was so much of it. So more and more people ended up buying it as it was easy to get.
Because of its high quantity, and the demand being able to be easily fulfilled the price is really low. At the price of a Bitcoin or any other big cryptocurrency, you can buy millions of VINU. At the moment the price of Vita Inu is ₹0.000001689.
Backup from powerful people like Elon Musk
Elon Musk is a big supporter of the Meme coin and Vita Inu is also one of them so when powerful people like Elon are supporting and talk about these coins the prices increases. Recently Elon mush has taken over the Twitter platform and he is planning to convert Twitter into a crypto-friendly platform so the demand for meme coins has increased even more.
What can risk the growth of Vita Inu?
Every year, a large number of cryptocurrencies are introduced, and buyers choose to buy the ones that have greater features or are more popular in the market. As a result, there is a chance that most cryptocurrencies may lose value because trends change, and cryptocurrencies that are hot today may become useless tomorrow.
Easy availability leads to limited growth
Demand is the key factor in cryptocurrency; if supply is excessive, the demand will be met quickly, reducing the probability of high prices. The maximum in this instance of VINU is 900 Trillion, which is rather high and can be a topic of debate.
How can you buy Vita Inu on Suncrypto in India?
It can be purchased in a variety of ways or you can get it as payment for goods and services. The most commonly used and safe method is to get it through a reliable exchange like Suncrypto Exchange.
Follow these steps to buy your Vita Inu (VINU) on the Suncrypto
- Download the Suncrypto application from the Play Store or the App store
- Complete the KYC process by filling out the requirements
- Deposit the account to buy cryptos on the platform
- Search the Vita Inu coin on the application
- Select the quantity and press buy
- And you are done with the buying process
Vita Inu is a cheap token and has a fair reputation in the crypto market so it can be an investment to start with low prices. Even though the investment is easy, a person should do their research before investing in the market.
For more crypto-related information and news you can check out the Suncrypto academy.