Samoyedcoin and HUH Token achieved over $1 million worth of trading volume in 24 hours on their first day. This is an achievement worth discussing as trade volume is the amount of that cryptocurrency that is being traded. The more a crypto is traded, the more popular it tends to be. This indicates that Samoyedcoin and HUH Token have a healthy trading environment.
Samoyedcoin is Solana’s meme cryptocurrency. It is both community-owned and was created with the intention of being fun. Solana introduced the token to encourage the development of its ecosystem. Due to the incredible uptake of the token, it quickly became the mascot and ambassador of the Solana and provides the benefits of other Solana blockchain cryptos.
Samoyedcoin has a maximum supply of 14 billion tokens and has burned 2.1% of the total supply. Burning often increases with the token’s price as it makes the crypto scarcer. Samoyedcoin has plans to burn another 64% on three different occasions that will be confirmed in the future. At the time of writing, it has 2.89 billion tokens in circulation and with a trading volume of $13 million, Samoyedcoin is still a vastly popular cryptocurrency.
HUH Token is the new cryptocurrency that launched on the 6th of December 2021. It is currently available on PancakeSwap; it will soon be available on Uniswap as well. They aim to be on over 100 exchanges as quickly as possible, making it a very accessible cryptocurrency.
HUH Token was also able to reach a trading volume of over $1 million in just 24 hours. This demonstrates great interest in the token despite it not being a canine coin like Samoyedcoin. There is a large amount of interest surrounding the cryptocurrency at the moment and it could be related to its important features that separate it from being just another meme token. The creators have proclaimed their token as a ‘utimeme’, combining aspects from meme tokens and utility tokens.
HUH Token provides static reflection rewards to those who hold its token. The more HUH Token an individual has in their wallet, the more they will receive as a reward over time. A small fee is attached to each HUH Token transaction; this fee is reallocated to every HUH Token holder’s wallet. Over time this will provide a large number of tokens that will increase the value of your portfolio if the price of HUH Token remains the same or increases.
The more eye-catching feature for many is the unique referral system. This system will provide BNB as an incentive for buyers to encourage others to join HUH Token’s project. After a purchase is made by someone who is referred, the person who referred them will receive 10% of that purchase redistributed as BNB. Providing two different sources of income for a HUH Token holder which reduces the risk as cryptocurrencies fluctuate over time. As there is no limit to the number of people that can be referred, holders can continue to repeat this process.
Samoyedcoin and HUH Token achieved incredible trade volumes in their first 24 hours of being on the market. The newcomer HUH Token may have an advantage to continue this moment towards a high market price. Samoyedcoin has seen massive spikes before and could again. Predicting the market is complex, but new projects tend to have more interest as they develop over time. HUH Token will look to position itself near the Samoyedcoins of the world as quickly as possible. Only time will tell if their venture will be successful.
