World cup inu price prediction: What is world cup inu (WCI)?
By Peter Henn
10:40, 18 October 2022
It aims to link in with the upcoming event in Qatar, but what is world cup inu (WCI)? Let’s take a look and see what we can find out, as well as examining some of the world cup inu price predictions that were being made as of 18 October 2022.
DOGE/USD price chart
Meme coins, betting, and football
In order to better understand what world cup inu is, what world cup inu does and what world cup inu is used for, we have to understand three things.
Firstly, we need to understand about meme coins. These coins and tokens saw the stratospheric rise of dogecoin (DOGE) in early 2021 and decided they wanted in on the action. Since dogecoin was initially set up to be a parody of cryptocurrencies, it could be argued that the likes of shiba inu (SHIB) are parodies of parodies. Anyway, these cryptos – many of which had no particular usage of their own – became their own sector of the market, and it seemed as if there was a new one coming out all the time in late 2021. Although the buzz around meme coins – often known as dogcoins after their association with the shiba inu dog – has slowed down somewhat this year, as the overall crypto market has gone through a series of crashes, they are still there, and more are still getting ready to launch.
Secondly, we need to understand the appeal of sports betting. This is a rather lucrative market, especially when we consider that sports betting is not legal everywhere. According to the Statista website, the total value of the sports betting and online lottery market was $194.63bn as of July 2022.
Thirdly, we come to association football. This is, pretty much comfortably, the world’s largest sport and, with its showcase event, the FIFA World Cup, due to take place in Qatar in November and December, all eyes are going to be on the beautiful game.
World cup inu explained
Here we have three things that, to one degree or another, are all pretty much big business. If we combine all three of these together, we might well end up with something not unlike the World Cup Inu platform. This system, based on the Ethereum (ETH) blockchain is designed to make it easier for people to take part in sports betting on the blockchain, especially with regards to the upcoming World Cup.
Every blockchain-based network needs its own cryptocurrency, and World Cup Inu has the world cup inu token, also known by its ticker handle of WCI. This token appears to be used to place bets in the system and collect any potential winnings, although people can also gamble with ETH. The crypto first came onto the open market in late September 2022 in the run up to the tournament in the middle east.
There is, however, one problem that might deter the more thoughtful investor. There is no World Cup Inu whitepaper. This means that there are no details as to how the system works, nor is there a clear indication of what the WCI crypto is exactly used for. What potential investors have instead are cartoon shiba inu dogs – as they would see on the website of pretty much any dog coin – combined with text, seemingly written by someone whose grasp of the English language is not as good as they perhaps think it is, promising riches and growth. We do know that 10% of winnings and 5% of users bets are siphoned off into a lottery pool, with people able to win crypto that way, and that it uses smart contracts, computer programs which automatically execute once certain conditions are met, to make markets, but everything is rather vague, which may well lead people to decide to put their money – and, indeed, their bets – elsewhere.
One thing to note here is that, because WCI is based on the Ethereum blockchain, that means that it is a token, rather than a coin. You might hear references to such things as world cup inu coin price prediction, but these are, technically speaking, wrong.
World cup inu price history
WCI price history from launch to present - Credit: Capital.comLet’s now take a quick look at the WCI price history, such as it is. While past performance should never be taken as an indicator of future results, knowing what the token has done in the short time it has been on the open market can help give us some very important context when it comes to both making and interpreting a world cup inu price prediction.
WCI started being traded in late September 2022 and, for the first few weeks of its existence, it was worth about $0.001, with an all-time low coming on 27 September when it was worth just $0.0007126. However, things kept going along and, following endorsements from Chilean international Arturo Vidal and Brazil star Dani Alves, not to mention the launch of WCI-related non-fungible tokens (NFTs), the price surged, reaching a record high of $0.03447 on 17 October. Things then cooled down and, on 18 October 2022, WCI was worth about $0.0234. At that time, there were no figures for an active circulation, despite there being a total supply of one billion, meaning there was no available market cap for the token.
World cup inu price predictions
With that all said and done, let’s take a look at some of the world cup inu price predictions that were being made as of 18 October 2022. It is important to remember that price forecasts, especially when it comes to something as potentially volatile as cryptocurrency, very often end up being wrong. Also, it is worth pointing out that many long-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice. Something that is particularly specific to world cup inu is that, because it is a relatively new token, there is, as we have seen, not as much history that might help a WCI price prediction as there might be for other, longer established, cryptocurrencies.
First, PricePrediction.net made a WCI price prediction for 2022 that suggested the token could trade at somewhere around $0.022 this year before potentially hitting $0.031 next year and $0.045 the year after that. The site then went on to suggest a WCI token price prediction of $0.067 for 2025, $0.10 for 2026 and $0.15 for 2027. The forecast predicted that WCI could trade at $0.22 in 2028 before closing the decade at $0.33. There was then a world cup inu price prediction for 2030 that saw it trade at a potential $0.45 before possibly reach $0.67 in 2031.
Next, CoinArbitrageBot had a world cup inu crypto price prediction that argued the token’s price could drop by the end of next year, with its forecast for 2023 just $0.21928. After that, though, the suggestion was that the WCI price could grow, possibly reaching $0.46124 in 2024. The site went on to make a world cup inu price prediction for 2025 of $0.074629, before potentially going on to trade at $0.12075 in 2026.
Meanwhile, CoinsKid made a world cup inu price prediction for 2022 that saw the token potentially close the year at $0.0215. The site went on to indicate that it thought WCI could be worth around $0.0315 in October 2023 before moving to $0.05 a year on from then. By October 2025, the forecast was for world cup inu to potentially trade at $0.0863 with the price then predicted to be $0.1116 12 months after that and $0.1211 at the end of 2026.
Finally, WalletInvestor was, perhaps surprisingly, optimistic in terms of a world cup inu price prediction. The site forecast some potential growth for the token, saying that it could trade at $0.3206 in October 2023 before possibly reaching a little under $1.44 in a year’s time.
When considering a WCI token price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.
FAQs
Is world cup inu a good investment?
It is difficult to tell. While the upcoming World Cup might boost interest in the token, one does wonder whether people who live in places where sports betting is legal might prefer to bet through an established bookmaker rather than a recently launched platform. This is before we get to the lack of whitepaper and rather poorly-written (complete with an overabundance of exclamation marks) website, which might deter the more serious investor.
Remember, you should always carry out your own thorough research before making an investment. Even high market cap cryptocurrencies have proved vulnerable to the current bear markets. So investors should be prepared to make losses and never purchase more than they can afford to lose.
Will world cup inu go up or down?
It is difficult to tell. While the few forecasts that are out there are, in most part, optimistic, that does not mean that they are going to be accurate. Indeed, the vast majority of price predictions turn out to be wrong over time. It is also crucial to remember that prices can go down as well as up. Also, we will have to see if WCI can grab people's attention once the World Cup itself is over.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether WCI is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Should I invest in world cup inu?
Before you make a decision whether or not to invest in WCI, you should do your research, not just on the token but other betting-related crypto tokens.
Ultimately, though, this is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.
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