by Analytics Insight
January 22, 2022
HUH Token and ShibaInu are two examples of small cryptocurrencies that have produced life-changing rewards
It is commonly known that the S&P 500 grows at a rate of around 10% per year on average over the long run. Investing early and then accumulating funds on a regular basis may help develop long-term wealth.
Cryptocurrencies, on the other hand, have produced millionaires in record time. Although Bitcoin and Ethereum are the most well-known and developed cryptocurrencies, there are other smaller ones that have produced life-changing rewards.
HUH Token and ShibaInu are two examples of such tokens. If you were brave enough to buy $100 in SHIB coin when it was launched in August 2020, your holding would be worth a mind-boggling $5.9 million today.
That’s not a terrible return for a period of fewer than 18 months!
ShibaInu, which was created by an anonymous developer called Ryoshi, has experienced a couple of major surges in its lifetime, which spans less than two years. In an effort to achieve universal trust in the crypto world, half of the initial supply of one quadrillion tokens was delivered to Ethereum co-founder VitalikButerin.
ShibaInu went unnoticed until the meme-stock boom of spring 2021 when its value skyrocketed. Buterin then contributed a part of his wealth to assist India in its fight against the epidemic.
This deed aided in raising the profile of the ShibaInu.
However, after plummeting sharply in mid-May, ShibaInu remained pretty flat until the beginning of October, when another violent bull run began. Tesla CEO Elon Musk’s tweets fuelled speculation about the currency.
In November, movie theatre chain AMC Entertainment Holdings announced that it will begin collecting ShibaInu payments in the coming months. However, the token has since crashed. ShibaInu is currently the 14th most valuable cryptocurrency, with a market capitalisation of $16 billion.
Can’t Guarantee a Shiba
ShibaInu offers greater functionality than its competitor Dogecoin since it is built on top of the Ethereum blockchain. Dogecoin operates on its own blockchain that is designed purely for payments. As a response, the ShibaInu community established ShibaSwap, a decentralised exchange that allows SHIB holders to bet their holdings and collect incentives. This fosters investor loyalty. In addition, the community intends to create Doggy DAO, a platform for non-fungible tokens (NFTs).
While these programs are intended to boost utility for ShibaInu, which should support higher SHIB pricing in the long run, there is skepticism.
There are now 16,763 distinct cryptocurrencies available, with additional ones being released on a regular basis. ShibaInu has any competitive advantage that would offer it even a remote prospect of long-term survival. UniSwap, a decentralised exchange, and OpenSea, an NFT marketplace, are more developed and show more potential than ShibaInu’s community is working on right now. There are also new cryptocurrencies like HUH Token that are following in ShibaInu’s footsteps, embracing the momentum of meme propagation whilst having a solid and structured community.
HUH Token launched late last year to unanimous applause, it exceeded a three thousand percent increase in only days. This can be attributed to their forward marketing. The company is planning on releasing many functional parts of an ecosystem, including an NFT marketplace, a play-to-earn game, and a web3.0 social media platform.
The play-to-earn game is to be announced officially next month. Before that, though, HUH Token has stated they have 500 well-established Influencers on multiple social media platforms who will be advertising this token in the next couple of weeks. This has the potential to be a real moon shot.
Learn More About HUH Token Here:
HUH Official Swap- https://swap.huh.social/
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