Marvin Inu is a meme coin named after Elon Musk’s dog, although not backed by him and the MARVIN price has crashed since Q2 2022 – so is Marvin Inu a good investment?
We review how to buy Marvin Inu for those that do decide to invest and some potential alternatives to MARVIN token also in the meme coin niche.
How to Buy Marvin Inu Coin – Quick Steps
Marvin Inu hasn’t been listed on many crypto exchanges yet – CoinMarketCap reports its only listed currently at PancakeSwap and KnightSwap. That’s a red flag for a coin already nine months old.
Binance have not listed MARVIN (despite Marvin Inu’s roadmap claiming that may be a possibility in the later phases of the project) although the Binance website has written a guide on how to buy Marvin Inu using a MetaMask wallet, Ethereum and a DEX – a decentralized exchange. These are the steps:
- Step 1: Download a MetaMask Wallet – Visit MetaMask.io and follow the on-screen instructions. Note the wallet’s address and keep your seed phrase safe (never send this to anyone).
- Step 2: Buy ETH as the Base Currency – Buy ETH from any exchange such as eToro – enough to buy Marvin Inu tokens with, depending on how much you wish to invest in MARVIN.
- Step 3: Send ETH to Your Crypto Wallet – Withdraw ETH to your MetaMask – select the transactions network to Ethereum, enter your wallet address, and type the amount you want to transfer. Once done, click withdraw and wait till it reflects in your wallet.
- Step 4: Trade Your ETH With Marvin Inu – Choose a decentralized exchange within MetaMask that has listed Marvin Inu.
- Step 5: Swap and Done – Click Swap to exchange ETH for MARVIN within the MetaMask app.
Where to Buy Marvin Inu Coin
Marvin Inu can be also bought directly on the PancakeSwap platform. That will require swapping Binance Coin, and adjusting the slippage to 7%-10%. Marvin Inu provide instructions on how to buy MARVIN on PancakeSwap on their official website.
But before investing in Marvin Inu or any low market cap cryptocurrency, research thoroughly its background – the Marvin price chart has been in a bearish downtrend since April 2022.
One option may be to wait for a Binance listing – which is unlikely to happen however Marvin Inu developers have stated they are ‘working on a Binance listing’. If that does comes to pass, the Marvin Inu price would likely recover and start a new uptrend.
Will Binance List Marvin Inu?
Founded in 2017 in Hong Kong, Binance exchange is one of the leading exchange platforms that offers trading of more than 600 cryptocurrencies, including Bitcoin and the best altcoins such as ETH, SOL, AVAX, NEAR and more.
If MARVIN is listed on Binance, it would be the best place to invest in Marvin Inu. Binance is well-known for its low transaction fees for trading against USDT and BTC. Binance also has its native token, BNB, and provides greater liquidity and discounts if you pay with their native token.
The meme coins Binance has listed so far include Dogecoin (DOGE) and Shiba Inu (SHIB). They have a market cap in the billions unlike Marvin Inu – with a live market cap under $1 million.
Binance offers robust security with its multi-tier and multi-cluster system architecture and SAFU (Secure Access Funds for Users) to protect users’ accounts. Plus, it has a matching engine that is capable of supporting upto 1,400,000 orders per second, making the crypto trading experience fast and reliable.
This platform is used by many users as, apart from trading, it also offers services that include listing, de-listing, fundraising, and withdrawing cryptocurrencies.
Trading with Binance is as simple as it appears. Users just need to complete the necessary KYC, and upon completion, they can move ahead with adding crypto funds to their wallet address and start trading.
Also, they do not charge fees for crypto and funds deposits. However, users have to pay for withdrawals which are based on the amounts and cryptocurrency. Users can also take advantage of its three main trade orders— market, limit, and stop-limit orders.
Overall, the Binance exchange is the one-stop solution for users looking to purchase cryptocurrencies (and if Marvin Inu is on Binance in the future) with ease and other added features. See our full Binance review.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is Marvin Inu Coin?
Marvin Inu is a community-driven token built on the Ethereum blockchain. It was created in Elon Musk’s likeness and tasked to ‘destroy the meme coin world with intergalactic functions and global marketing’.
The Marvin Inu websites states its token aims to add real utility to meme cryptocurrency projects and for their community of ‘Marvinauts’.
That utility includes a P2E game, staking, launchpad, NFT marketplace and low gas fee NFTs. The Marvin Inu project site also states Elon Musk is ‘on board’ – however the Tesla CEO has only publicly mentioned Dogecoin and Bitcoin.
Marvin Inu appears to have popular support online as it has been trending on social media – however Twitter mentions and engagement can be fake, i.e. paid bots. The MARVIN price action resembles a pump and dump.
The P2E game on the Marvin Inu platform states it acts as the main gateway for introducing the NFT collection of the token into the GameFi verse of Marvin Inu. The game’s characters are then based on fun and unique NFTs and will be featured in its metaverse.
Marvin Inu aims to create an entertaining and profitable world with NFTs, P2E gaming, and virtual reality. There is also a Marvin DAO for community governance.
Many meme tokens lack longevity, and fail soon after their debut and one pump. Marvin Inu’s current price chart doesn’t give much room for optimism.
Is Marvin Inu a Good Investment?
The team behind Marvin Inu aim to draw a wide range of investors from throughout the cryptocurrency world, and if genuine in that intention one way they plan to do this is by making the most of the marketing wallet’s potential.
Marvin Inu’s objectives include making blockchain technology and the cryptocurrency more accessible to a broader audience.
Below are some of the possible benefits of purchasing Marvin Inu coin, if its delivers on its roadmap:
Escape Gas Fees – BSC Bridge
The BSC Bridge acts as a gateway for the Marvinauts to invade the BSC network, helping the platform to increase its reach beyond the Ethereum network. This way, even more people will be able to invest in Marvin Inu with small investments as the gas fee gets reduced.
The Marvin BSC Bridge will also enable its users to transfer their preferred token between the Ethereum and Binance networks. This will play a significant part in staking as well.
Built for the Community
Marvin Inu states it is a project driven by its community, and has a mechanism to prevent whale manipulation.
Whales in the cryptocurrency world are those who own a sizable amount of a single cryptocurrency and thus influence the price by selling a sizable proportion of the digital coin, which sends the market into a panic. Recently Shiba Inu whales sold a large amount of SHIB.
Marvin’s community-focused staking lets users earn a high APY.
Moreover, HODLers also unlock benefits like increased Marvin Inu buybacks, inclusion in the whitelist for the launchpad, and other crypto giveaways.
Marvin Inu aims to build a platform for ‘Safu’ investments for its holders. On the Marvin Inu platform, projects that have been certified by Marvin will be able to increase sales and speed up the total development of their ventures.
Projects will be launched through the Marvin Inu platform under the condition that a specific tax percentage will be allocated to Marvin’s liquidity pool. As a result, new tokens will be accessible in Marvin’s DAO as staking or farming rewards.
Marvin Inu Use Cases
The Marvin Inu platform has added a number of valuable applications to its network in addition to producing a native coin:
- The site has created games that let users wager with Marvin Inu tokens. This functions like an online betting game and gives investors the potential to win large sums of money.
- Additionally, the site has introduced a range of NFTs that can be staked for rewards.
- Also, it enables users to exchange other meme coins on their marketplace
It is clear that the Marvin Inu network is expanding swiftly and dramatically, introducing new features to its platform daily.
Marvin Coin Price
Many meme crypto projects have no practical use and are backed by community support only. Sometimes, the project does not even have anything new to offer (poor utility).
That said, not only with Marvin Inu, but whenever you plan to invest in any coin, it is worthwhile to inspect the coin’s performance history. There’s a popular saying in the crypto world – DYOR. This refers to Do Your Own Research as the market is highly volatile.
As soon as this coin got launched, it came into the limelight because of its ecosystem (Launchpad, Farming, Staking, etc.) and the fact that it gives a tribute to Elon’s dog.
Marvin initially became tradable on December 28, 2021, and has a total supply of 1,000,000,000,000. By the time of writing, it has a market cap of around $900,000 and is priced at $0.0000009.
MARVIN coin hit its all time high in April 2022. However, since then, its price has dropping. Update – the MARVIN price has dropped further to $0.0000007.
Marvin Inu Price Prediction
The price of meme tokens is generally influenced by people engaging on various forum sites like Reddit crypto subs and by the tweets of prominent figures in the industry such as Elon Musk.
Marvin Inu presents itself as a meme coin with actual utility – P2E games, NFT marketplace, Staking, and more – that allows several ways for its users to earn with the platform.
However, investing without doing any research or blindly trusting people prophesizing about the coin’s future can lead to a significant loss.
Even though with all its utility and other attributes, Marvin Inu appears to resemble a ‘dead coin’ or abandoned project. See our full Marvin price prediction post for a possible bullish case for MARVIN – although conservative investors may want to wait for MARVIN to establish a clear uptrend.
Are There Any Better Alternatives to Marvin Inu Coin?
MARVIN token hasn’t performed well since its early 2022 bull cycle. Even the best cryptos like Ethereum have taken three years to recover from an explosive bull cycle and correction and set new highs – MARVIN token needs to rally around 40x to reach its former highs.
One similar high utility meme coin we’ve reviewed that hasn’t ‘pumped’ yet – as it is currently still on presale, is Tamadoge.
This project aims to take advantage of Dogecoin’s popularity to create a robust crypto community and new NFT game.
Many meme cryptocurrency projects gained notoriety in 2021 – the value of coins like Dogecoin and Shiba Inu increased dramatically, SHIB by over 50 million percent in 2021 alone.
Shiba Inu and Dogecoin’s explosive rise led to a sell off and around 90% correction as they hold little value proposition, have a high supply and DOGE in particular has an infinite supply – being inflationary.
Tamadoge – Upcoming Memecoin With Utility
The Tamadoge pets app and game is set to debut in Q4 2022 and its presale is currently 50% sold out, having raised around $7 million so far. The Tamadoge platform seeks to address the flaws in the meme currencies by including better utilities and use cases.
Its Tamaverse, a metaverse ecosystem where users can mint, breed, and care for their Tamadoge pets, acts as the heart of this project.
The upcoming Tamadoge game then lets players earn rewards by winning battles and accomplishing other challenges, in the play to earn crypto game format.
A maximum of two billion TAMA tokens are available – the total supply is fixed, and deflationary – with a token burn of 5% on all Tamadoge store transactions.
These tokens can be used for other ecosystem transactions and minting new Tamadoge NFTs. In contrast to Marvin Inu, Tamadoge does not impose a transaction tax, and because of this, the coin will be well suited for day traders when it is listed on LBank – it has a confirmed CEX listing on LBank for after the presale concludes.
Investors researching how to buy Marvin Inu coin may also be interested in this new P2E game as its token is at a lower price point – possibly similar to buying Marvin Inu before its early 2022 bull run.
How to Buy Tamadoge – Tutorial
We have provided a brief overview of how to purchase Marvin Inu coins at the outset of this tutorial. There are still additional options to consider, such as Tamadoge, as indicated in the section above.
Here’s a step-by-step tutorial for the users interested in discovering how to purchase Tamadoge:
Step 1: Set up a Crypto Wallet
Creating a crypto wallet is the initial step in purchasing TAMA.
The Tamadoge platform suggests using Trust Wallet or MetaMask for this. Investors can head to the wallet’s website, download the application, and set it up by following the setup instructions.
Step 2: Buy Ethereum or USDT
Ethereum and USDT are the accepted payment methods for the Tamadoge presale. ETH can be purchased at eToro.
Tamadoge also enables users to buy Ethereum directly from the website using a credit or debit card.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Step 3: Connect Wallet to Tamadoge
The next step is to visit the Tamadoge website and select “Connect Wallet” after the wallet has been funded with ETH or USDT tokens.
Step 4: Buy Tamadoge
Enter the desired TAMA purchase amount on the next screen and click the “Exchange ETH” or “Exchange USDT” button.
It costs only $10 plus a small gas fee to invest the minimum, which was equal to 1,000 TAMA tokens at the start of the presale (the early bird presale price has now ended). To finish the purchase of TAMA tokens, approve the transaction.
Once the presale is over, users can claim their TAMA tokens by clicking the ‘Claim button’ on the website.
Meme coins are highly volatile cryptocurrencies and can be affected by crypto influencers or other online forums. Bear in mind some social engagement for promising appearing meme coins can be fake. It is recommended to research well before investing in any crypto.
Our above guide covered the current price of Marvin Inu, its bearish price chart, and how to buy Marvin Inu using PancakeSwap and a MetaMask wallet – which can also be used to buy Tamadoge.
Investing in a new meme coin at presale offers more upside potential than buying into a downtrend of a nine month old meme token.
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption