According to researchers, meme coins are a reliable indication of the cryptocurrency industry. The proliferation of meme currencies signifies the start of a cryptocurrency bull run. With Dogecoin falling out of the top ten cryptocurrencies, it is expected that the meme currency frenzy would wane as the bull run unfolds.
Dogecoin and Shiba Inu have been removed from the top ten cryptocurrency list. Dogecoin and Shiba Inu, both puppy-themed altcoins, have had their market capitalizations decline in recent weeks, knocking them out of the top ten. However, Elon tweeted today that he intends to enable Dogecoin to be used to buy Tesla products, resulting in a more than 20% boost in the cryptocurrency’s value. While DOGE and SHIB’s popularity is dwindling, newcomer HUH Token is gaining hundreds of new users, with HUH Token standing in the top 20 of all transacted altcoins on the exchange.
HUH Token launched on Monday and has seen a 6000 percent increase in less than a week. This is because HUH successfully combines social passion with sound practicality. The token asserts that it is a ‘Utimeme’ currency and not a meme currency. A combination of the two dynamic characteristics of the cryptocurrency market: usefulness and memetic capability.
It does this, as stated in its white paper, via a one-of-a-kind recommendation system and ambitions for a networking site. The referral is unusual in that it enables holders to earn more money via the use of another currency. To receive the referral, visit the HUH Token website and generate a code; this code may then be used by anybody who’s never bought HUH Tokens before. Following this transaction, the code holder receives 10% of the purchase amount. Additionally, the person profits since they get a discount on their sales charge.
HUH Token now has over 10,000 holdings and a daily trading volume of more than one million dollars. Midday on the 12th was a wonderful selling point, but the drop is being consumed quickly, with the chance of reaching a new all-time high shortly after it surpasses that milestone. This Wednesday, a big token burn of three million dollars’ worth of HUH Token is planned. This seems to be a recurring phenomenon. This enhances the Token’s value for all current holders. This potential will only grow when they launch their social platform, metHUH, which aims to be the world’s leading media space in web3.0.
Dog-themed cryptocurrencies seem to be losing social standing as attention swings to emerging meme coins such as HUH. However, other observers believe that once the Shiba Inu market price gains speed at the end of the year, it will continue its climb. This is because the occurrence of a triple bottom implies that Dogecoin’s price will recover and exceed $0.30. Typically, a triple bottom is accompanied by the price of the asset breaching through resistance. However, for Dogecoin the power of Elon Musk to generate price cannot be denied. HUH Token also understand this and are offering him a portion of their entire supply for charitable means, if he simply agrees to take it and recognised HUH. An interesting strategy that could make this token go viral.
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Website – www.huh.social
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