Newly created HUH Token (HUH) in search of Shiba Inu’s (SHIB) place?
In 2009 the first cryptocurrency was created, now, the market is saturated with various coins, tokens and memes “fighting” to be number one in the market. However, the industry continues to surprise and develop. The year 2021 was an exciting year for cryptocurrencies and with the turn of the year, expectations are only increasing.
One such coin is Shiba Inu (SHIB), created in August 2020, the popularity of SHIB is very large and has been steadily increasing, however, a new cryptocurrency has entered the game. HUH Token has made a great effort to stand out in the cryptocurrency community and they are on a quest to pass Shiba’s fame.
HUH Token is still a fresh face within the token world, only launching on 6 December 2021, but has shown advantageous results for its investors. Initially launched on PancakeSwap and later available on BitForex, it skyrocketed over 3500% in the first few days after its launch. Already listed on CoinMaretCap and CoinGeko, HUH does not plan to slow down in 2022, being the first cryptocurrency to distribute both BNB and native token.
HUH is on a mission to develop an online community that attracts social influencers and consumers by offering a smart referral system that any person can use. This is a big part of the potential competition to Shiba Inu. This unprecedented referral system allows you to earn money directly into your wallet gaining BNB with every referral. Existing holders receive 10% of the first HUH token investment made by anyone they refer.
The usability of HUH is testified by its incentives for long term maintenance. Using a self-proclaimed “utimeme” token, differentiates itself from a standard token by providing utility and security.
HUH Token has three separate audits from respected companies in Certik, Shellboxes and Solidity Finance. All of these are respected cryptocurrency monitors. This new project has taken the necessary steps to ensure its security and confidentiality as a cryptocurrency in the financial market.
For the future, the company has very big prospects and news to come. The HUH Token is part of a larger project that will use the cryptocurrency in conjunction with a social platform called MetHUH. MetHUH will reward social influencers and users of the platform with its native currency. In addition, MetHUH will host an NFT social media marketplace where users may buy, and auction NFTs from their favourite social influencers. Relative to ATOM, one can expect the value of HUH Token to increase as more people adopt MetHUH as their social platform of choice.
But while HUH Token has shown a good capacity for stability, Shiba Inu finds itself in constant limbo. This cryptocurrency an active part of the crypto market. While some investors believe that the token has great potential in terms of appreciation, others have claimed that the digital asset as baseless and without good prospects in online communities.
Experts in the market point out that it is possible to profit from Shiba Inu, although the token may not necessarily be the best choice in the long term.
Shiba’s initial supply was 1 quadrillion, but half of that amount was given to Vitalik Buterin, co-founder of Ethereum. Regularly, hundreds of millions of these tokens are burned to maintain their stability.
The valuation of Shiba Inu is not steady, but sometimes the coin does gain prominence. In January 2021, the token cost $0.000008541. After a dizzying rise in price at then of October, the crypto asset reached its all-time high of US$0.00008845, thus recording a 935% appreciation in about 9 months.
Despite the efforts of the team behind the project, Shiba has again had moments of fragility and at the time of writing costs $0.0000249, it has retreated more than 6% in the last 24 hours.
HUH Token could potentially approach the heights of Shiba Inu. HUH has found a way to make its token stand out and be relevant to today’s investors. After a few difficult years, investors are looking for stability instead of volatility, which is exactly what HUH Token offers.
Learn More About HUH Token Here:
HUH Official Swap: https://swap.huh.social/