A Strudel pays rent with the protocol profit
Everyone is talking about the protocol in crypto as the project takes off. Created as a meme coin, THE has continued to achieve records against the ETH and USDT pairs.
In just 24 hours, THE Protocol is trading at a 60% profit against Ethereum as major cryptocurrencies start to show positive performance. Across social media, THE Protocol is following the price, with many users speculating on its potential to revive the “meme coin movement”.
The protocol arises, why is this coin collection?
The crypto community created this project in response to Vitalik Buterin, the inventor of Ethereum. Buterin joked that he launched it to make “shills” more effective.
Via Twitter, Vitalik Buterin posted the following message:
Someone should create a project called “THE Protocol” so their shills can say “See, so and so said THE!” pretty much every time someone says something.
— vitalik.eth (@VitalikButerin) 14 October 2022
The tweet received hundreds of replies. The protocol was created after, indirectly supported by Buterin. Within a few days, the cryptocurrency was trending on Uniswap (UNI) and other Ethereum-based decentralized exchanges. Quickly, THE Protocol has started to gain 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. Back then, 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 emerges with the promise of bringing back some of the glory of the bull run in 2021.
holders have been swimming against the current and making profits while Bitcoin and Ethereum are trending sideways with no clear direction.
Vitalik Buterin takes the 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
— strudel (@StrudelEth) 18 October 2022
Other prominent crypto personalities have shared THE on their social media platforms. These investors are lobbying to have THE listed on major exchange platforms.
If they succeed, the protocol could experience another SHIB-like or DOGE-like rally. A pseudonymous 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) engaged with $THE tweets. This play is a no brainer and can run into billions of mcap.
I wouldn’t be surprised by that $THE goes on one $SHIB type of race. Faster than SHIB ever did.
— JasonCryptoApe (@JasonCryptoFTW) 18 October 2022
Meanwhile, Vitalik Buterin acknowledged THE recent popularity. On his Twitter account, the inventor of Ethereum shared photos about the token, saying: “ok what have I done.”
Over time, investors will see if THE becomes a DOGE competitor or if the bear market forces it out of existence, pushing its market cap to zero. In crypto, this is an everyday occurrence.
