Altcoins that bounced back: Shiba Inu’s 15% price increase and HUH Token’s 76% price increase
Shiba Inu has seen a slight recovery in a long decline that may continue past this point. At the same time, HUH Token has seemingly recovered from its previous significant dip and will hope to continue climbing past its last all-time high price.
Investment opportunities within the crypto world are abundant and will continue to grow. Identifying the projects that will benefit a buyer is the hard part.
Previous CEO of Moorwand Robert Courtneidge stated that cryptocurrencies under appropriate legislation to support stakeholders could thrive in the future. With this in mind, joining projects with prospects will often be the more lucrative investments within a portfolio.
Shiba Inu started as a meme coin based on a Japanese dog breed and an anonymous creator under the alias of Ryoshi. It was simply an experiment to determine what would happen if the community had complete control of the crypto. Shiba Inu also launched an additional coin called Bone (BONE) to give the community control. Bone allowed holders to make decisions for the future of the cryptocurrency.
HUH Token is a cryptocurrency that will become the awarded currency for its future platform called MetHUH. MetHUH is a social platform that encourages content creation by social influencers. Users can then interact with the content on the platform and creators are compensated based on various factors.
Even without MetHUH being released yet, HUH Token is helping many holders generate income through features attached to its smart contract. HUH Token holders have benefitted greatly from the unique referral system and static reflection.
The unique referral system creates BNB for those who invite new HUH Token members to the community. After a referred person makes a purchase, the one who referred them will receive 10% of that purchase reallocated as BNB (Binance Coin).
This can then be used however the wallet holder wishes. As BNB is an extensive exchange, it has plenty of uses. In addition to this, the BNB comes at no expense to the HUH Token wallet holder. It is essentially another form of income. The risk of that wallet is then lowered as they now hold more than one crypto asset.
The static reflection allows users to continuously receive HUH Token by purchasing any amount, as long as it remains within a wallet. This is achieved through a redistribution method that is attached to all transactions that are HUH Token related. Providing more tokens translates to passive income, no work is required on the user’s end, but the portfolio value will increase provided the price remains the same or increases.
Shiba Inu has seen a 15% to 20% increase in price over the past few days. Some have speculated that this is a direct response to a whale purchasing a large amount of Shiba Inu and others then follow this upwards trend.
HUH Token has bounced back from its last dip after experiencing a 4500% increase in market price after launch. Their price is now approximately 76% higher than its most significant dip on the 14th of December. This is a good sign that the cryptocurrency is on an upwards trajectory. This, in combination with their recent $500,000 competition announcement, should result in their HUH Token holders reaping the rewards.
Signs are positive for Shiba Inu and HUH Token as they continue their journey through an unforgiving crypto world. Shiba Inu has demonstrated the vast amount of profit that can be made from navigating the treacherous crypto markets. HUH Token is looking to repeat the example made by Shiba Inu and reach new heights no crypto has seen before.
Learn More About HUH Token Here:
Website: https://huh.social
HUH Official Swap: https://swap.huh.social/
Telegram: https://t.me/HUHTOKEN
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/
Contact Huh Token Project at [email protected]
