Read also:
In the ever-evolving landscape of cryptocurrencies, the emergence of new tokens often sparks interest and speculation. There has been a consistent hype of dog-themed tokens following success of Dogecoin, Shiba Inu and Dogwifhat. Two such dog-themed tokens, ESTEE and HANA, have recently garnered attention within the crypto community. Both have been claiming to be the inspiration behind the Shiba Inu. This comparative analysis delves into the key distinctions between ESTEE and HANA, examining their respective strengths, weaknesses, and market implications.
Hana Token ($HANA)
Narrative of Hana Token
HANA is a decentralized meme token on Ethereum blockchain. Hana claims to be the true inspiration behind Shiba Inu and claims its legitimacy due to the fact that the logo of both coins were designed by the same designer.
***1841480758403420663***
According to the official website of Hana, Hana is the real Shiba Inu, and is the inspiration behind the iconic $SHIB token. Years ago, the owner of Doge, Kabosumama, connected with Hana's owner, @Hana_Papa_, and a friendship between these two iconic dogs began. The famous $SHIB logo was actually inspired by photos of Hana on Instagram. And guess what? The designer behind both the $SHIB and $HANA logos is the legendary ParadoxDesigner. ParadoxDesigner was part of the original Shiba Inu team in 2021, making him a huge part of crypto history.
***1839391176157471149***
The X handle of Hana has recently been updated by the community.
***1839168509076472066***
HANA Tokenomics
- Listing Date: September 24, 2024
- Total supply: 8.9 billion HANA
- Current Price: $0.0009786 (- 47% than yesterday)
- 24-Hour Trading Volume: $6.13 million
- Market Cap: $8.9 million
- Holders: 4,570 with top 10 holder having 25.3% of the total tokens.
- Exchange Listing: It can be traded on DEX like Uniswap v2 and Uniswap v3 with HANA/WETH and on DODO with PRIME/HANA as the most active trading pair. Whereas, HANA/USDT pair are tradable at CEX like LBank, XT.COM, SecondBTC, Poloniex and KCEX.
- Use cases: None as of yet besides being a speculative asset.
Points of Caution
• The website does not mention any distribution of tokens.
• There is no whitepaper published by the developers.
Estee Coin ($ESTEE)
ESTEE is a decentralized meme token on Ethereum blockchain. ESTEE was launched by a relatively less known developer, @RyoshiResearch in Aug 2020 and abandoned project after few months. The community later discovered that the project is worth saving and saved it from complete destruction. Unlike Hana, the website is comparatively more elaborate and has a whitepaper. It also claims to be the original inspiration behind the Shiba Inu. Unlike Hana, the official accounts of Estee on Telegram and X are not engaging with the community.
***1839952362028318782***
ESTEE Tokenomics
- Listing Date: September 18, 2024
- Total supply: 420.69 billion ESTEE
- Current Price: $0.0057538 (-25.8% than yesterday) with all-time high of $0.054905
- 24-Hour Trading Volume: $1.27 million
- Market Cap: $3.05 million
- Holders: 1830 holders
- Exchange Listing: It can be traded on decentralized exchanges like Uniswap v2, Uniswap v3 and Matcha ESTEE/WETH as the most active trading pair.
- Use cases: None as of yet besides being a speculative asset.
***1841443597553430698***
Final Verdict
In conclusion, while Estee and Hana have been compared to Shiba Inu due to their market positioning and potential appeal, there is no definitive or direct connection between these coins. Their associations with Shiba Inu are based on perceived market trends and the desire to tap into the growing popularity of meme coins and dog-themed cryptocurrencies. As with all meme coins, the one with the better story captures attention of community and community ultimately raises the value of the coin. Since both the tokens are new entrants, time will tell which token captures the attention of community.
Explore more crypto insights with our Bitscreener Exclusive
Stay updated with daily hot news on Trending News
Hamza Malik
.png)
US Considers Buying Bitcoin with Tariff Revenue: A Strategic Move in the Digital Asset Era
.png)
Will Bitcoin Break $84K Resistance? Analysts Eye $140K Target by Summer
