Meme coins continue to dominate the cryptocurrency markets, with many experiencing massive price increases even as Bitcoin and Ethereum struggle. In the last week, Genshin Shiba Inu and Angry Squid have gained over 300,000 per cent, creating several new crypto millionaires.
However, the novelty of these meme coins has worn off, and the biggest gains may have already been made. These meme coins, as seen with Dogecoin and Shiba Inu, can crash after peaking, and both Dogecoin and Shiba Inu have lost more than 50% of their value since their peaks.
There is good news with the launch of a new meme coin. It offers holders an excellent chance to potentially make millions. It’s called HUH Token, and its presale is set to end in just a few days, ahead of its official launch on December 6.
Before discussing why HUH Token has the ability to make millions, let’s check how GenShibInu and Angry Squid did it and what lessons we can learn from these coins.
As the name implies, Genshin Shiba Inu is a variation on the popular Shiba Inu token. It has seen massive price gains (over 390,000 per cent), but there has also been a slew of complaints from holders.
According to their website, Genshin Shiba Inu have an advanced AI rebase protocol that allows holders to earn passive income in $SHIB.
The AI rebase protocol figure the most probable supply for GSHIB based on current market conditions. When it comes to staking your tokens and earning $SHIB rewards, the longer you keep GSHIB, the more rewards you’ll receive.
However, according to Twitter posts, users have reported that their tokens have vanished from their wallets. Moreover, several users claim that the number of tokens in their wallets changed.
Without a third-party audit of the smart contract, the creators may move everyone’s money in and out of their wallets. Overall, despite the incredible price increase, I would not buy this coin.
Angry Squid, as the title suggests, is based on the popular Netflix show Squid Game.
One of the main reasons for Angry Squid’s price increase is that its bullish momentum has landed it on Coinmarketcap’s top 10 gainers every day this week.
But, visiting Angry Squid’s Twitter page, which is linked on Coinmarketcap, reveals that Angry Squid’s official account has been suspended.
As demonstrated above, these coins aren’t doing a good job of instilling investor confidence, and investors should proceed with caution before purchasing them. Indeed, the only reason these coins have seen such massive gains is due to their popularity and exposure.
The most important takeaway from the tales of these two meme coins is that if you get in early, you can make a lot of money, especially if the coin becomes popular.
This is why HUH Token is a far superior option to GenShibInu and Angry Squid. To begin, Shellbox and Solidity Finance have audited HUH Token, with the Certik audit expected to be completed by the end of this week. Because these are reputable auditing firms, holders can be confident that HUH Token is genuine.
HUH Token will be available on two popular cryptocurrency exchanges, PancakeSwap and Uniswap, but you can purchase HUH Tokens now during their presale via their website if you want to get in early.
HUH Token will have $1 million in liquidity. The lock in period is two years when the token launches. The time period will help the coin to stabilise its value in the long term and could help perturb massive losses seen by Dogecoin and Shiba Inu after their peaks, making this token even more appealing.
HUH Token will also have a built-in referral scheme where holders will be rewarded with a 10% commission on the first purchase of those they refer. You can refer as many people as you want, and the commission is paid out in Binance Coin (BNB) or Ethereum (ETH), depending on the exchange.
However, as previously stated, the popularity and exposure of meme coins such as Genshin Shiba Inu and Angry Squid were crucial to their success stories. HUH Token is already backed by thousands of top social media influencers that should serve to gain the token’s popularity.
With all of these great features and HUH Token’s social media support, it’s easy to see how this token could fare far better than the likes of GenshinShibInu and Angry Squid and there is no better time to get in than right now.