4 Cryptocurrencies to buy for Christmas – HUH Token, Solana, Cardano and Avalanche
This year will be remembered as the year when the cryptocurrency market fully established itself as a legitimate market within the financial industry. The crypto market, which is now worth more than $3 trillion, has forced financial regulators from London to Beijing to take this asset class seriously or risk being left behind.
As we approach 2022, all eyes are on cryptocurrency’s future. Anyone with even a passing interest in “holding” crypto is probably familiar with well-known tokens such as Bitcoin and Ether. And with Bitcoin (BTC) trading consistently around $60,000 and Ether (ETH) trading around $4,000, some investors may be looking for lesser-known cryptocurrencies that offer higher profits. Fortunately for them, there are a slew of altcoins — alternative cryptocurrencies to Bitcoin — that have the potential to surge in popularity and become the next household brand.
As we approach Christmas, here are four upcoming cryptocurrencies worth monitoring.
HUH Token (HUH)
The most enticing cryptocurrency on this list is HUH Token, primarily because it is about to launch, and as we have seen with the likes of Shiba Inu and Floki Inu, when tokens launch under the right conditions, they tend to explode thousands fold. Shiba Inu sureged by more than 70,000 per cent this year.
HUH Token aims to be one of the top 10 cryptocurrencies by market cap within the next few years and offers enhanced features over Shiba Inu, including a dual currency distribution scheme, a sizable community dubbed “HUH Nation,” and static rewards for cryptocurrency ownership.
Additionally, HUH Token is launching a referral programme in which holders can refer friends and earn 10% of that person’s initial deposit. There is no limit to the number of people you may refer.
HUH Token will be available on Uniswap and PancakeSwap on December 6, with its creators locking in $1 million of liquidity for two years to promote stability and long-term holding. HUH Token is currently in presale, which is arguably the optimal time to invest.
Solana (SOL)
Solana, the world’s fifth-largest cryptocurrency with a market cap of more than $62 billion, has soared to new heights in 2021. After starting the year at less than $2, it surged to an all-time high of $260 in early November and is now trading near $200.
SOL is the native cryptocurrency of the Solana blockchain network, and its skyrocketing value reflects the network’s growing potential. The blockchain has gradually gained recognition for its lightning-fast transaction processing speed, which gives it an edge over Ethereum, the world’s second-largest cryptocurrency by market capitalization.
Cardano (ADA)
SOL is followed by Cardano, which has a market capitalization of $55 billion and experienced a similar meteoric rise in 2021. The coin began the year trading below $0.20 before rallying to surpass $3 in early September, establishing itself as the world’s third-largest cryptocurrency. ADA also fell from its highs, currently trading at around $1.60, providing the opportunity to get in at a discount.
Cardano was founded by Charles Hoskinson, a co-founder of Ethereum who left the project in protest of Vitalik Buterin’s determination to keep the blockchain non-profit. Cardano has made a name for itself—but with ADA currently on a months-long bear run, 2022 may be a make-or-break year for the project.
Avalanche (AVAX)
Avalanche has been an extremely popular crypto this year. AVAX began 2021 trading at around $3; by late November, it had risen to an all-time high of more than $146, eclipsing Dogecoin and establishing itself as one of the world’s top ten cryptocurrencies. It is currently trading above $110 and has a market capitalization of over $26 billion.
AVAX is the native cryptocurrency of the Avalanche blockchain, which is gaining traction as a smart contract competitor to Ethereum. AVAX’s autumn rally was sparked by the announcement of a new agreement with Deloitte, which will use Avalanche to support its work with the Federal Emergency Management Agency (FEMA). With the Deloitte contract adding an enviable dose of credibility to Avalanche, the blockchain and its token could soar to new heights in 2022.
Follow HUH Token on their Socials before they Launch:
Telegram: https://t.me/HUHTOKEN
Website: https://huh.social
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/