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Avalanche surges past Dogecoin and Shiba Inu after huge gains – Can newcomer HUH Token replicate its success?

By Guardian Nigeria
04 December 2021   |   12:03 pm
Avalanche's Avax token has been performing exceptionally well this month, spurred by development deals and overall confidence about the network's decentralised financial potential. It is now competing with Dogecoin for a spot among the top ten most valuable cryptocurrencies.  A new comer called HUH Token is keen on emulating Avax's success as it prepares to…

Avalanche’s Avax token has been performing exceptionally well this month, spurred by development deals and overall confidence about the network’s decentralised financial potential. It is now competing with Dogecoin for a spot among the top ten most valuable cryptocurrencies. 

A new comer called HUH Token is keen on emulating Avax’s success as it prepares to launch on 6 December. With its pre-sale ending in just a few days, could this be their perfect time to get in on the next crypto millionaire making machine?

Avax has gained over 100% so far in November, increasing its total market capitalisation to roughly $29.8 billion, according to Coinmarketcap, whereas Dogecoin has lost over 11% this month and now has a market valuation of around $29.5 billion. 

Avax was released last year as part of Avalanche’s objective to expand the blockchain’s DeFi capabilities, including smart contracts and other applications, in order to compete with the larger ethereum network. Along with the rest of the crypto complex, Avax has surged this year, but what gave it a fresh lift was its tie-up with “Big Four” accountancy firm Deloitte.

Avalanche has gained 37% in the last seven days, while the rest of the top ten cryptocurrencies have fallen. The collaboration with Deloitte, one of the “Big Four” accounting firms and the world’s largest professional services network, was crucial in AVAX’s ascension to the top 10.

Ava Labs, the developer of Avalanche, announced a partnership with Deloitte last Tuesday to help streamline reimbursement applications for victims of natural catastrophes.

The new platform provides state and local governments with a decentralised, low-cost, and fully immutable system that empowers both grant funders and aid beneficiaries while leveraging blockchain’s transparency to reduce fraud, waste, and abuse, according to Ava Labs

Most major digital coins have come under siege this month due to factors including the strengthening dollar, additional evidence of China’s crackdown on the sector, and the possibility of increased taxes on cryptocurrencies as a result of the new US infrastructure bill.

But one of the most important lessons to take from Avax’s recent success is the value of getting into these opportunities early. If an investor had put $100 into Avax at its launch, they would have made an incredible $26,000. HUH Token is now giving buyers a perfect opportunity to get in early, with its pre-sale ending in just a few days.

HUH Token is launching on PancakeSwap and Uniswap on 6 December. Its creators have announced that $1 million of liquidity will be locked in for two years from its launch in an effort to make the token more stable and entice holders.

In an attempt to amplify this sentiment, HUH Token is deploying a referral programme. Referring someone new to HUH Token via a unique code will result in a 10% commission of that person’s initial investment as Binance (BNB). Furthermore, holders of this code can continue to earn BNB with each new referral indefinitely.

HUH Token is also rumoured to have thousands of top social media influencers signed on to promote, knowing the importance of how communities have driven most of the meme cryptocurrencies that have rocketed to the top spots on the crypto charts.

HUH Token’s founders appear adamant on emulating Dogecoin and Avalanche’s tremendous success, with now being the best time to get in on this crypto from the ground up.

Follow HUH Token on their Socials before they Launch:
Presale: https://huh.social/presale/
Telegram: https://t.me/HUHTOKEN
 Website: https://huh.social 
 Twitter: https://twitter.com/HuhToken 
 Instagram: https://www.instagram.com/huhToken/