Is HUH Token legit? - Just as real as Shiba Inu and Dogecoin
Shiba Inu has countless posts on forums and Reddit threads accusing the coin of being a scam. After its performance in 2021, those claims have been silenced. Unfortunately, this is a rite of passage a majority of cryptocurrencies experience and for good reason. Many have been unfortunate enough to lose their hard-earned money at the hands of those with malintent. Presenting a seemingly interesting crypto opportunity, only to disappear with all the money.
Dogecoin is arguably one of the most well-known meme coin in existence and at one point in time, it was referred to as a scam and many were advocating that no one should purchase its coins. This all started as a group on Reddit who referred to themselves as “shibes”. The group would tip each other in Dogecoin, which at the time was worthless, as they made funny comments across Reddit.
A serial scammer named Ryan Kennedy started an exchange under the alias of Alex Green, to facilitate the Dogecoin transactions alongside other cryptocurrencies. Then without a trace, Ryan Kennedy vanished with all of the money. From that moment, everyone began to blame Dogecoin and brand it as a scam cryptocurrency. As of today, Dogecoin has generated profits for many and has withstood the test of time.
HUH Token is a new project that has taken the necessary steps to provide complete confidence in its cryptocurrency. HUH Token has three separate audits from widely respected companies in the crypto world, Certik, Shellboxes and Solidity Finance. In addition to the wide array of audits, HUH Token also released a bug bounty. A $50,000 bug bounty was also offered for those who assist the improvement of HUH Token as it continues to progress.
After analysing the steps HUH Token has taken and the various outside organisations that have given HUH Token their stamp of approval, it seems ludicrous to simply follow the uninformed posts declaring HUH token of being anything other than a cryptocurrency with high hopes for the future.
3 Under the Radar Cryptocurrencies With More Potential Than Shiba Inu
Meme coins are fine for speculating, but sometimes, you want crypto investments with more utility.
There's no denying that Shiba Inu (CRYPTO:SHIB) was a monster investment for those cryptocurrency traders who got into the token early this year. Next year could be a different story, though, given the meme coin's limited utility beyond its novelty appeal. There is a bullish case to be made for Shiba Inu, but there are more obscure digital currencies with clearer paths for growth.
For example, Decentraland (CRYPTO:MANA), Terra (CRYPTO:LUNA), and Gemini Dollar (CRYPTO:GUSD) are three cryptocurrencies that deserve a little more attention. They're flying under the radar for now, but they all have better potential than Shiba Inu at this point.
Decentraland
The bull thesis for owning a certain crypto shouldn't simply boil down to the greater fool theory -- i.e., the argument that someone else down the line will pay more for what you're holding. It also can't be "because you can buy stuff with it," as that's a taxable exit strategy that applies to most digital currencies. Utilization is the key, and that's where Decentraland's MANA stands out.
Decentraland is one of the more popular virtual realms built on blockchain tech. There are roughly 300,000 monthly active players hanging out in Decentraland so far. Folks are free to roam around the digital digs, but if you want to purchase a plot of land, trade digital goodies, or otherwise monetize your enhanced presence, you'll have to settle up your trades with MANA, Decentraland's official in-world currency. Right now, roughly a third of its monthly users own some MANA.
As the experience's official governance token, Decentraland's popularity should grow as the game does. It's a crypto with tangible fundamentals, something that makes investing in gaming coins attractive to traditional investors. If the game continues to find its audience, then its in-world currency should continue to appreciate. If things go the other way ... well, no one would be surprised to see it depreciate. Momentum is on its side, though, as the number of active users in the game has doubled since the springtime. Decentraland even hosted a virtual music festival two months ago that attracted dozens of acts and was headlined by Deadmau5 and Paris Hilton.
Terra
Terra is the native token of a smart-contract-fueled stablecoin project. If you're familiar with TerraUSD (CRYPTO:UST) -- the decentralized stablecoin that aims to trade as close to the $1 mark as possible -- you already know Terra's handiwork. TerraUST has gained popularity as it currently generates as much as 20% in annual interest when staked through the Anchor savings and lending protocol that Terra introduced earlier this year.
23 дек 2021
