Decentraland Mana, The Sandbox, and HUH Token – Online Lands and Diamond Hands
A currency that is considered to be an underdog called Decentraland has been unveiled due to the Metaverse and the redesign of Facebook’s brand, which fueled a 400 percent increase in MANA, one of the associated coins of Decentraland, over the weekend. Does the formula for multimillion-dollar success exist in the form of underdogs like MANA and HUH Token?
This relatively unknown cryptocurrency is used for the purchase and sale of virtual land. The surge in price over the weekend seemed to be a consequence of the excitement around Facebook’s fresh launch, according to the market. Recently, the price of MANA hit a high of almost $4. According to CoinMarketCap data, the surge of almost 400 percent from where it was trading occurred after Facebook’s name change to Meta. Its value has subsequently fallen, with the last time it changed hands at around $2.55.
A major objective of Facebook’s rebranding was to shift the company’s focus away from advertising and toward the creation of a shared virtual world in which many users may interact with one another and digital objects. This was dubbed the “Metaverse” for their project. Nonfungible tokens will be used to track digital assets and proclaim virtual land ownership. Because it is based on the blockchain network, it is supported by one of the world’s most powerful digital currencies ETH, also known as Ethereum.
Theorists have suggested that the individuals who are riding the wave of enthusiasm around its announcement are somehow endorsing it and giving it power and legitimacy. Additionally, other cryptocurrencies, such as the tokens in blockchain-based games such as The Sandbox and Axie Infinity, have seen considerable increases in recent days. This might be due to the fascinating utilitarian function that enables them to coexist with the social media realm, which could explain their popularity.
The next major move in bitcoin seems to be based on social influence, which is not surprising. It makes sense, given that the majority of meme money is generated via the transmission of hype. Being able to effortlessly combine the two dimensions has the potential to generate billion-dollar profits.
There are rumours circulating that big players are shifting their attention away from bitcoin and towards smaller alternative cryptocurrencies, also known as “altcoins,” because they offer more room for growth. This is because interest in bitcoin has waned since the world’s largest digital coin reached a record high of approximately $66,000 last month.
The HUH Token is a cryptocurrency that is trying to match the pace of these players. HUH Token has been rumoured to have an army of thousands of social influencer investors. This may be the next “Dogecoin” or “Safemoon,” according to certain sources. Some individuals believe that following rumours is a great tactic in the cryptosphere.
In the current HUH Token presale, there has been an inflow of over 10,000 deposits, and it seems that the system is failing to keep up with this enormous demand. There are more than 6,000 individuals on their Telegram channel, with hundreds of active users, and they have been lauded for their prompt answers. However, there is also a discussion of frauds and conspiracies, so it is not all positive praise.
Certik is now auditing HUH Token, and the company expects to get five additional audits from independent auditors in the near future. The fact that several huge and successful cryptocurrencies such as Shiba Inu and Dogecoin were all accused of being dishonest at the outset should not be forgotten. HUH Token will be available for purchase on the 6th of December. Available for trading, buying, and selling on the PancakeSwap and the Uniswap exchange based on Ethereum.
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