The cryptocurrency market has blown past a record $3 trillion, not bad for a digital assets market that is only a little more than a decade old. Now a new cryptocurrency called HUH Token plans on tapping into this ever-growing market when it goes public on the 6th of December.
Investors have certainly gotten more comfortable with established cryptocurrencies such as Bitcoin, Ethereum and Solana. They continue to develop functionality and provide real-world financial solutions.
The grandaddy of them all, Bitcoin, appears to be pushing most of the market’s gains, with the second biggest crypto, Ethereum, following in its footsteps.
As of Tuesday, the overall market capitalization of crypto currencies hit over $3.31 trillion, according to CoinMarketCap. Binance Coin and Solana, the third and fourth-biggest cryptos, have added more than 20% in the past seven days.
Bitcoin surged more than 5.6% on Monday to $66,414 and looks set on testing its previous record of about $67,000.
However, the celebrations always come with a stark warning that cryptos are extremely volatile. The last time Bitcoin reached these levels, it fell by thousands of dollars and underwent multiple corrections that took it down to half its highest value.
Meme coins Shiba Inu, Floki Inu and Dogecoin have all swung wildly over the past few days, with the recent SquidGame crypto scam, which stole millions of dollars from investors, denting the image of cryptocurrencies.
But this didn’t deter investors for long as the first U.S Bitcoin-linked ETF (Exchange Trade Fund) was released on Wall Street, signalling the financial worlds further acceptance of cryptos and opening up the market to even more investment.
A new cryptocurrency called HUH Token is currently preparing for its launch on the 6th of December and is looking to pounce on the crypto fever. But if HUH Token wants to compete, then they are going to need to bring fresh ideas to the table.
One of the unique selling points of HUH Token is its revolutionary referral system that allows buyers to enjoy two separate streams of income. This means that if a user refers someone, they receive 10% of that person’s first purchase with HUH Token.
What’s more, you can refer as many people as you like and then get to enjoy 10% of each referee’s first purchase. The referee also benefits from this system as their sales tax is reduced from 20% to 10%.
HUH Token has self-proclaimed itself as the first-ever ‘Utimeme’ – which means that HUH Token has combined meme and utility purposes. The utility aspect comes from the creators claims that they intend to provide real-world value by linking the distribution system to Binance.
There are plenty of meme tokens you can invest in, however, there is only one Utimeme currently, which HUH Token hopes will be useful in their battle against the likes of Shiba Inu, Dogecoin, Floki Inu, Akita Inu, Samoyedcoin and the other canine cryptos.
Whatever happens, it’s clear that cryptos are here to stay and the market seems to only be getting stronger, bringing the opportunity for new cryptos like HUH Token to achieve the incredible.
Check out the HUH Token Socials before its launch: