Analysts believe that meme coins are reliable predictors of the crypto market. The rise of meme coins signals the beginning of a cryptocurrency bull market. Dogecoin has been slipped out of the top ten cryptocurrencies meaning the meme coin frenzy is expected to wane as the bull run continues.
Dogecoin and Shiba Inu have exited the top ten cryptocurrencies. Dogecoin and Shiba Inu, both dog-themed cryptocurrencies, have had their market value decrease in recent weeks, knocking them out of the top ten. While DOGE and SHIB are losing popularity, newbie HUH Token is seeing significant growth, making it into the top 20 of all traded cryptocurrencies on pancake swap after release.
HUH Token went online early December and saw great success, increasing in value beyond 5000%.
This is due to HUH’s employment of a blend of social zeal and straightforward pragmatism. The token claims to be a ‘Utimeme’ coin, not a meme coin. A synthesis of the coin market’s two dynamic characteristics: utility and memetic capability.
According to its white paper, it does this via a one-of-a-kind referral system and plans for a social network. The referral is unusual in that it enables holders to earn extra money from another coin. To get the referral, go to the HUH Token website and get a code; this code is then utilised by anybody who has never bought HUH Tokens before. This purchase then returns 10% of the purchase price to the code holder in a different cryptocurrency known as Binance coin. The person who suggested you also gains since their sales charge is reduced.
The HUH Token currently has hundreds of thousands of holders, which are increasing daily, HUH Tokens ideal plan is to be in the millions within the next few months.
There are plans for a big token burn of over a million dollars worth of HUH Token in the near future, which will reportedly be a weekly recurring event. This enhances the token’s value for everyone who has it. It also makes gives the token a deflationary edge.
The HUH Token is presently traded on three exchanges, PancakeSwap V2, BitForex and Uniswap, while the white paper says that other exchanges are in the works.
As attention swings to new meme coins like HUH, it seems that dog-themed cryptocurrencies are losing social dominance. However, other experts believe that the Shiba Inu price trend will return as the year progresses.
The Ship Army has said that their Shiba Inu coin will be worth one dollar. However, in terms of market capitalization, Shiba Inu would have to increase in value fortyfold to achieve this goal. Shiba Inu would need a capital flow to raise its market value to a level equivalent to Ethereum’s, which is very improbable. Many cryptocurrency experts feel Shiba Inu’s days of rapid development are coming to an end.
It has been claimed that Shiba Inu climbing ten times higher from where it is now will necessitate holders of crypto assets moving their holdings away from far more profitable and widely used initiatives that now exist. This would be just inconceivable, regardless of how volatile cryptocurrency might be. It might be better to focus on the newer initiatives in the market.
HUH Official Swap- https://swap.huh.social/
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