The project is gaining momentum and everyone has been talking about THE Protocol. THE was originally created to be a meme coin and continues to rise against USDT, ETH, and USDT.
Within 24 hours, THE Protocol has made a 60% profit on Ethereum against large cryptocurrencies. 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, What is this Coin Rallying About?
This project was created by the crypto community in response to Vitalik Buterin who is known as the creator of Ethereum. Buterin joked about launching it to make “shills” more effective.
Vitalik Buterin shared the following tweet via Twitter:
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
It attracted hundreds of comments. Buterin indirectly supported the creation of THE Protocol. Within a matter of days, cryptocurrency started trending on Uniswap and other Ethereum-based decentralized platforms. THE Protocol quickly won the support of the crypto community.
Many people still have fond memories of 2021 when Dogecoin, Shiba Inu and other meme coins overtook the crypto top 10. Early investors could turn just a few hundred dollars in to thousands at that point.
Bitcoin and the cryptocurrency market lost approximately 75% since then. With the promise to restore some of the shine from the 2021 bull market, THE Protocol is now available.
The holders are swimming against the current, making profits and ignoring Bitcoin and Ethereum’s trend.
Vitalik Buterin Takes Blame For THE
Social media has seen crypto investors share their gains with THE Protocol, spreading word about the potential for future profits.
$THE PROTOCOL JUST PAID MY RENT https://t.co/NGPGPBKPId
— strudel (@StrudelEth) October 18, 2022
Others prominent cryptocurrency personalities are sharing the information on social media. These crypto investors lobby to have THE listed on big exchange platforms.
They might be able to stage another rally similar to the one that SHIB or DOGE has experienced at THE Protocol if they are successful. 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. It’s an easy play that could potentially reach billions of dollars mcap.
I wouldn’t be surprised it $THEGoes on and on $SHIBType of run. SHIB ran faster than ever before.
— JasonCryptoApe (@JasonCryptoFTW) October 18, 2022
Vitalik Buterin also acknowledged the popularity of Ethereum. He shared photos about Ethereum on his Twitter page. saying: “ok what have I done.”
Investors will soon see whether THE is a DOGE competitor, or if it goes out of business due to the bear market, reducing its market capitalization. This happens every day in crypto.
