You might remember Clifford, the big red dog. If you are not familiar, it's a children's book/animated show that was super popular in the 90s. Now, Clifford has found his way to the crypto market and is making quite a splash. Clifford Inu is a new crypto coin that seems to have gotten a lot of attention recently. However, there are still many questions that need answering. We’re here to find out what exactly makes this new coin tick. So, let’s see what Clifford Inu Coin is all about.
What is Clifford Inu Coin?
Clifford Inu Coin ($CLIFF) is a highly deflationary token on the Ethereum Blockchain. It is pitched as a coin that never stops pumping, through the use of true deflationary techniques and further income generation.
Clifford Inu coin aims to solve one of the main issues plaguing crypto projects - the lack of long term volume. It slows down further development of the project and decreases the market cap of projects, because of it.
To resolve this, Clifford Inu invests a percentage of market wallets into yield-bearing assets. The profit generated from it is reintroduced back into the project in the form of marketing, token buybacks etc.
Here is how it works as per its whitepaper: A User swaps $ETH for $CLIFF or vice-versa on Uniswap and gets taxed a liquidity fee. $CLIFF uses this liquidity fee to acquire tokens and thus increase the token price every time this occurs.
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Clifford Inu Crypto Coin Price Prediction
The current Clifford Inu crypto price is $$0.000122 USD with a 24-hour trading volume of $1,384,985 USD. The coin is up 13.57% in the last 24 hours.
According to DigitalCoin, the value of the Clifford Inu coin is expected to reach an average of $0.00020108686 USD by the end of 2022. Moreover, the forecaster predicts that the coin will rise to an average value of $0.00024517889 USD in 2025 and eventually hit $0.00051257209 USD in 2028.
In short, the forecast clearly indicates that Clifford Inu is gaining value over time. The long-term outlook for Clifford Inu coin is on the positive side. However, the market situation may change quickly as it always does. You should be prepared for potential changes in the forecast price of the Clifford Inu coin.