Only In Crypto: A Strudel Pays Rent With THE Protocol Profits
October 18 2022 - 10:44AM
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Everyone is talking about THE Protocol in crypto as the project
gains momentum. Created as a meme coin, THE has continued to make
all-time highs against the ETH and USDT pairs. Related
Reading: Elrond (EGLD) Will Rally To $80, But this Must First
Happen In just 24 hours, THE Protocol trades at a 60% profit
against Ethereum when large cryptocurrencies are beginning to show
positive performance. Across social media, THE Protocol is
following the price, with many users speculating on its potential
to resurrect the “meme coin movement.” THE Protocol Origins,
Why Is This Coin Rallying? The crypto community created this
project in response to Vitalik Buterin, the inventor of Ethereum.
Buterin joked about launching it to make “shills” more
effective. Via Twitter, Vitalik Buterin posted the following
message: Someone should make a project called “THE Protocol”,
so that their shills can say “Look, soandso mentioned THE!” pretty
much any time anyone says anything. — vitalik.eth (@VitalikButerin)
October 14, 2022 The Tweet got hundreds of responses. THE
Protocol was created after, indirectly supported by
Buterin. In a few days, the cryptocurrency was trending in
Uniswap (UNI) and other Ethereum-based decentralized exchanges.
Quickly, THE Protocol has begun winning support from the crypto
community. Users still remember 2021 when Dogecoin (DOGE),
Shiba Inu (SHIB), and other meme coins took over the crypto top
ten. At that time, early investors were able to turn a few hundred
dollars into thousands. Since then, Bitcoin and the crypto
market have lost around 75% of their value. Now, THE Protocol
appears with the promise of bringing back some of the lusters from
the 2021 bull run. THE holders have been swimming against the
tide, scoring profits while Bitcoin and Ethereum trend sideways
with no clear direction. Vitalik Buterin Takes Blame For THE
Across social media, crypto investors have been sharing their
profits with THE Protocol spreading the word about potential future
gains. $THE PROTOCOL JUST PAID MY RENT
https://t.co/NGPGPBKPId — strudel (@StrudelEth) October 18,
2022 Other prominent crypto personalities have been sharing
THE on their social media platforms. These investors are lobbying
to get THE listed on large exchange platforms. If they
succeed, THE Protocol might experience another SHIB-like or
DOGE-like rally. A pseudonym user argued the following about THE’s
potential to extend its bullish momentum: Elon
mentioned $FLOKI which sent it to $3.5B
and $DOGE to $40B> $THE is at 20M right now
with Vitalik Buterin (Ethereum founder) engaging with $THE
tweets. This play is a no brainer and could run into billions mcap.
$THE > $SHIB I wouldn’t be surprised it $THE goes on a $SHIB
type of run. Faster than SHIB ever did. — JasonCryptoApe
(@JasonCryptoFTW) October 18, 2022 In the meantime, Vitalik
Buterin acknowledged THE recent popularity. On his Twitter account,
the inventor of Ethereum shared images about the token, saying: “ok
what have I done.” Related Reading: Shiba Inu Trying To
Extricate From Bearish Grip As SHIB Seen Rising This Week In time,
investors will see if THE becomes a DOGE competitor or if the bear
market forces it out of existence, pushing its market
capitalization to zero. In crypto, this is an everyday
occurrence.
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