Time To Buy the Dip? 3 Cryptos to Invest in Right Now, Solana (SOL), Polkadot (DOT) & HUH Token (HUH)
If you caught the Super Bowl this past weekend you may have consciously or subconsciously picked up on the large number of crypto adverts that were squeezed into the extravaganza. One of the stars from the halftime show, Snoop Dogg, has already transitioned into the Metaverse. If you are looking to become a “Crypto Millionaire” then this article could be for you as we look at three potential big movers over the coming months including; Solana (SOL), Polkadot (DOT) and HUH Token (HUH)
Solana (SOL) is a smart contract platform that uses both proof of stake and proof of history to validate its transactions. What makes Solana (SOL) unique is its impressive speed of transactions compared to other smart contract platforms such as Ethereum, Cardano and Avalanche. Solana can reportedly handle up to 50,000 transactions per second and has them fully finalised in as little as 13 seconds. This helps keep transactions costs extremely low at just fractions of a cent compared to anywhere between $10-20 for Ethereum. Currently trading at $97.43, Solana is 62% down from its all-time high price of $259.96. As a result of this, it could be a perfect buying point for a long-term investor as the coin is bound to reach those levels again and should exceed it as the demand for smart contract platforms increases and users look for cheaper and quicker alternatives to Ethereum.
Polkadot (DOT) is a network that allows different blockchains such as Bitcoin (BTC) and Ethereum (ETH) to communicate with each other securely. Polkadot (DOT) uses proof of stake to secure its network which also allows for holders of the coin to stake their investment in return for extra coins. The ecosystem can process up to 1000 transactions per second which is significantly more than both Bitcoin (BTC) and Ethereum (ETH), it can do this because its main blockchain or ‘relay chain’ is relatively free as hundreds of mini blockchains or parachains run alongside it doing most of the heavy work. Polkadot (DOT) achieved its all-time high in November 2021 when it reached $54.98. Since then, it has been on the crypto wide downtrend and sits at $18.67 at the time of writing. If you fancy a slightly risker trade with the potential for a higher reward then this one could be for you. Relatively new in the space, Polkadot has the potential to be a household name in the future as long as newer networks don’t come along and try to steal its place.
HUH Token (HUH) saw tremendous success for early investors with a 6000% increase after launching. Since then, it has been on a steady downtrend as has the majority of the crypto market. A successful influencer campaign towards the end of January saw the coin shoot up another 60% but this is just the beginning of what promises to be a successful year for the world’s first ‘utimeme’ token. Sitting 93% down from its all-time high price of $0.00020280, HUH Token has an ambitious roadmap that includes a brand-new social media platform, an NFT marketplace and talks of a play to earn game. If all of this comes to fruition, the utility of the HUH token (HUH) will create a spike in demand which in turn will create a spike in the price of the token. It could be the perfect time to get in now.
The three tokens mentioned here have huge potential for a successful year. However, as with any project in the crypto space, it could also not entirely go to plan. It is important to do your own research before investing in any crypto project and only invest money that you are comfortable losing. This article should not be taken as financial advice and is intended for educational purposes only.
Find Out More Here:
Buy On HUH Website- https://swap.huh.social/
Buy On PancakeSwap: https://pancakeswap.finance/
Buy On Uniswap: https://app.uniswap.org/#/swap