Shiba Inu and Dogecoin Battle For Top Dog Position – HUH Token Hopes To Make An Impact On The Market
Since its introduction in 2013, Dogecoin assumed it had solidified its role as the world’s biggest meme cryptocurrency. However, one of its descendants exceeded Dogecoin in transaction volume. Shiba Inu had a trade volume of roughly $4 billion, compared to Dogecoin’s $1.8 billion, at the time of writing this.
Numerous meme coins on the market have regained optimism as a result; Many alternative currencies could only hope to reach the heights of second place or lower as Dogecoin ruled the market for a long time.
This event will spur new cryptocurrencies to compete for market dominance. One such currency is HUH Token. While it is now in presale, its creators have announced their desire to make it one of the most actively traded currencies in terms of volume.
Will newcomer cryptocurrencies thrive off of the recent news and reinforce their aspirations to reach the top?
Dogecoin pioneered the use of meme currencies, most notably canine-themed coins, which are now abundant on the market. Any cryptocurrency featuring some form of dog breed as its mascot is referred to as a canine coin or meme coin. Dogecoin’s price has continuously improved since its inception, and it currently has a market cap of about $35 billion.
Dogecoin is uncommon among meme currencies in that the currency has its own blockchain to be traded on. Unlike many other currencies, which depend on already-established blockchains, Dogecoin uses the common proof-of-work technique to confirm transactions. Furthermore, Dogecoin’s supply is limitless; it may be mined indefinitely and will continue to generate Dogecoin.
Shiba Inu has surpassed Dogecoin in overall trading volume, according to coinmarketcap.com. This may be seen as a message to other currencies, new and old, that the top spot is not as safe as many believed.
Dogecoin has failed to hit the $1 barrier, which many cryptocurrencies aspire for, and is presently worth less than half of its all-time high market price (at $0.2261).
On December 6th, the public will be able to acquire the HUH token; it is presently undergoing presale. With the release date approaching quickly, they may be able to capitalise on the market’s current state of uncertainty. Given Dogecoin’s decline in terms of trading volume.
On its website, HUH Token has stated aspirational ambitions and a motto encouraging consumers to “hold until gold.” This demonstrates that the token is here to stay, and they have announced another goal of rapidly ascending the meme currency hierarchy to a top-20 position.
HUH Token is a community-based BEP–20 BSC Token that will be available internationally upon launch. They offer various unique features on their website, including a referral system that rewards you in BNB (Binance currency) when others you suggest invest in HUH Token for the first time. Additionally, they have a large number of rumoured influencers who have agreed to promote their token once it is made publicly available.
Newcomers like HUH Token will be overjoyed to find that an opportunity to soar to the top has presented itself. Because the leader’s reputation has been degraded, numerous other cryptocurrencies are striving for the top slot by displaying their importance to communities.
Will the HUH token be able to complete their ascent successfully? Investors are drawn to the benefits offered by HUH Token, and they are continuing to build a strong community to aid them in accomplishing their goals.
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