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Have you given up on Ethereum? One of the best cryptocurrencies to buy and hold right now could be the HUH token, as it has increased over 2000% since it was launched on Monday.
Ethereum is up nearly 1,000,000% from one of its lowest points in October 2015. When Ethereum went online in 2015, it became the world’s first cryptocurrency to be powered by a programmable blockchain. This makes the platform more than just a decentralized payment mechanism. Developers can write code and create self-executing computer programs known as smart contracts because Ethereum is programmable.
These smart blockchain contracts are at the heart of decentralized applications often known as dApps. This is vital as cryptography protects all crypto transactions and decentralized financial products (DeFi), which means that a network of decentralized miners or validators verifies transactions, eliminating the need for centralized management. This makes it possible to lend, borrow and earn bitcoins without the intervention of banks or middlemen. By eliminating intermediaries, DeFi applications improve accessibility and reduce the costs of financial services.
With $ 164 billion invested in blockchain-based technology, Ethereum is by far one of the most popular cryptocurrency ecosystems today. To that end, it seems like a solid long-term investment, but given Ethereum’s current market value of $ 491 billion, it is expected to bring less early growth in terms of investments than other cryptocurrencies.
For example, the newly launched HUH token has a market value of $ 350 million and is growing rapidly. Here are a few reasons why this cryptocurrency could help you make more money in the long run. HUH already has a market capitalization of over $ 120 million, with over 6,500 holders and a trading volume of $ 2.72 million in the last 24 hours. Anyone who invested in this currency when it was launched would now have more than 20 times their original input.
This positive trend will not let up in the foreseeable future.
It seems to be doing so well thanks to its unique smart contract recommendation system. It works by providing a code from their website for HUH token holders that, when used for the first time by another new holder, distributes 10% of the original purchase to the coder. These ten percent are given in BNB; however, it appears that it can be claimed in a number of other cryptocurrencies as well.
The HUH Token aims to build a strong community that focuses on social influencers and buzz while offering added value; Her white paper includes plans for a social media network that would monetize sentiment analysis. Her focus seems to be on building hype and capitalizing on social influence.
This is evident in their efforts to get Elon Musk recognized. In the FAQ section of the whitepaper, they state they are donating 20% of the total offering, a total of 177.6 billion tokens, which if we apply the price at the time of this writing, is $ 0.0001434 per token, US $ 25.5 million Dollars would represent. Dollar donation.
The delivery is only intended for his charitable endeavors; However, if the techno king decides to respond, the token will go even more viral than it already is, a true Shiba-Inu moment.
There have been some foul play allegations, but this token has been reviewed by Certik and two other accounting firms, Solidity Finance and Shellboxes. In addition, their liquidity has been tied up in the smart chain for at least two years, which can be seen from this link.
Always do your own research before investing and never invest money that you cannot afford to replenish. This article is not intended as financial advice.
You can find more information about HUH Token on their social media accounts here:
Website: https://huh.social
Pancake exchange: https://pancakeswap.finance
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/
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