The Highest Percent increases with Shiba Inu, Solana and HUH Token 6000% Launch and How to Make 60X
Only in a universe whereby Shiba Inu (SHIB) gains 53,000,000 percent in a single year can 12,000 percent gains in Solana (SOL) be discounted. That means that, despite the dog-faced coin’s extraordinary returns, there is still a potential for the blockchain designed to host decentralized applications.
While Solana is still a well-known cryptocurrency, it is a hidden treasure within the cryptocurrency world. It was discreetly introduced over two years ago, but its rapid operation at a low cost instantly caught the eye of not only merchants but also developers, who thought to provide the platform with future development.
Although the Shiba Inu is more recognized or at least receives more attention, Solana has more promise. Solana is the fifth-largest decentralized cryptocurrency on the market, having a market capitalization of $59.7 billion at the time of writing. However, it is still far behind the two most valuable currencies, Bitcoin (BTC) and Ethereum (ETH).
Because Solana is the greatest at what it does, it has some of the highest growth potentials of any cryptocurrency. HUH Token, a recently minted cryptocurrency, has also shown tremendous growth.
HUH Token (HUH) officially launched on Monday, December 6th. It had increased by 6,000 percent in less than a week. This is because HUH embodies both social exuberance, and efficiency. Rather than a Shiba Inu-style meme coin, the token purports to be a “Utimeme” currency. A mixture of the two factors that contribute to the cryptocurrency market’s rapid growth, utility and meme. According to the company’s white paper, it does this using a proprietary referral system and aspires to develop a social network. The recommendation is unusual in that it enables individuals to earn additional money using a different currency. To get the referral code, you must first visit the HUH Token homepage and obtain one. After that, anybody who has never purchased HUH Tokens may use this code. This purchase then compensates the holder of the code with 10% of the purchase cost in BNB, Binance’s cryptocurrency.
From noon on the 12th, there was a fall in HUH, but the decline has been rapidly absorbed, and prices are climbing again as investors purchase the dip in anticipation of a new all-time high in less than 24 hours. Additionally, it seems as if there are plans to burn a three million dollars’ supply of HUH Tokens on Wednesday, followed by another million each week afterwards. This increases the value of the tokens for everyone who already has them. According to “Poocoin,” HUH has a market cap of $147,316,707 at the moment, including locked but not burnt tokens. It has constantly traded in excess of one million dollars in volume. At present, the HUH Token is only traded on one exchange, PancakeSwap V2. According to the white paper, other exchanges will be added in the near future. HUH Token will be offered on BitForex on Monday. It is also listed on CoinMarketCap and CoinGecko from today.
HUH is a new meme currency that follows in the footsteps of DOGE and SHIB, which are also dog-themed cryptocurrencies. According to some analysts, the Shiba Inu price will begin to increase again by the end of the year, but Solana seems to be promising more.
Solana is quick and was designed to be such. It is currently one of the fastest programmable blockchains available, capable of processing 50,000 transactions per second (TPS), with the capacity to scale to 710,000 TPS as the network grows. It does it by merging proof-of-stake (PoS) and proof-of-history (PoH) protocols.
The latter is a novel way for determining transaction timings without requiring each computer on the decentralized network to communicate continuously in quest of consensus. As a consequence, the transaction verification procedure is simplified, which results in cost savings.
According to Solana, this innovation provides a far more secure and performant blockchain than its rivals. Transaction costs on Solana are very low, often less than 0.000005 SOL. Such a charge would be around $0.001 at the current price of the SOL currency.
In comparison, the gas charges for the far larger Ethereum platform – or the fees paid for the processing resources required to execute and validate transactions on Ethereum’s blockchain – have increased to $100 for simple transactions and up to $250 for purchasing non-fungible tokens (NFTs).
Additionally, Ethereum is congested, resulting in slower transaction delays. The biggest smart contract platforms’ transaction costs have increased this year, with the average Ethereum transaction fee ranging between $5 and $35 per transfer. Even Vitalik Buterin, the co-founder of Ethereum, has recognized the issue and advocated a fivefold reduction in costs.
While Ethereum will soon shift to a more cost-effective and environmentally friendly PoS model, closing the gap with Solana, there is still enough to give the upstart an edge.
Although Soala is down from its all-time high because of the bigger cryptocurrency sell-off, it is clear that the blockchain platform is still in its infancy, and not only because Solana is less than two years old.
Buy on PancakeSwap – https://bit.ly/3pSg09d
Website – www.huh.social
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