Forget Shiba Inu. These 3 cryptos could make you millions – Solana, Ethereum and HUH Token
This year the cryptocurrency market has solidified its place as the future of money. There is no other market in the world where prices have increased by more than 77.5 million per cent in a single year. Shiba Inu’s meme coin accomplished precisely that. If you invested $1,500 in Siba Inu a year ago, it would be worth more than $1 billion today.
However, Shiba Inu has few practical applications, and its price has skyrocketed largely due to hype. A performance of this magnitude on a repeated basis is nearly impossible. As a result, cryptocurrency investors may prefer Ethereum, Solana, or HUH Token.
HUH Token appears to be the most promising cryptocurrency on this list, owing to the fact that it is about to launch, and if Shiba Inu’s success story has taught us anything, it is that you must get in early.
When HUH Token launches on December 6th, there will be $1 million in liquidity locked in. PancakeSwap and Uniswap, two well-known cryptocurrency exchanges, have agreed to list the exciting new coin with a two-year liquidity guarantee of $500,000 being locked into each.
The purpose of the locked liquidity is to increase investor confidence and stability in this token.
To reinforce this sentiment, HUH Token is launching a referral programme. By referring new investors to HUH Token using a unique referral code, you will earn a 10% commission on their initial investment, Binance coin (BNB) or Ethereum (ETH), depending on which exchange you use.. Holders of this code can earn BNB or ETH indefinitely with each new referral.
The HUH Token is currently in presale, and its founders appear hell-bent on replicating Shiba Inu’s meteoric rise and success.
Additionally, it is rumoured that HUH Token has signed on thousands of top social media influencers to promote it.
HUH Token is currently in its presale, offering potential holders the perfect opportunity to buy.
When it comes to value, it’s difficult to find a cryptocurrency with more robust fundamentals and practical features than Ethereum. Utilising Ethereum’s distributed ledger technology, programmers can create their own blockchains. Smart contracts are computer programmes that run automatically in response to predefined conditions. This means that the network may run smart contracts in addition to storing transaction data. This technology underpins decentralised finance (DeFi) applications, which enable bitcoin borrowing, saving, and lending.
Additionally, DeFi services enable a more affordable and inclusive financial system by removing the reliance on intermediaries such as banks through the use of blockchain technology. As a result, there is currently $170 billion in Ethereum DeFi goods locked in, a more than 1,000% increase over November 2020. As a result, the Ethereum blockchain is the most widely used DeFi ecosystem by a wide margin.
There is a cost associated with the operation of DeFi programmes. This means that transaction fees must be paid in the network’s native coin. In other words, as demand for DeFi services increases, the price of the cryptocurrency increases as well.
Smart contracts and other decentralised applications can run on Solana’s programmable blockchain, similar to Ethereum (dApps). On the other hand, Solana was designed to be faster and more scalable than other platforms, which could result in a significant increase in its popularity in the future.
To appreciate why this is critical, some context is required. Ethereum’s second stage of upgrade will occur in 2022. Increased computing resources are used to distribute the workload in order to increase throughput. The Ethereum network currently supports 30 transactions per second (TPS), but this will increase to 3,000 TPS once the initial phase is complete.
Solana, on the other hand, is capable of managing 50,000 TPS. Solana is now the world’s fastest blockchain, boasting near-instantaneous transaction confirmations and incredible throughput. Scalability increases as a result of the network’s capacity to handle more traffic than competing networks.
Solana’s DeFi products are currently valued at $14.1 billion, making it the third-largest DeFi ecosystem after Ethereum and the Binance Exchange. A surge in the price of Solana may occur if demand for DeFi services increases and Ethereum’s network cannot keep up.