The crypto world has grown significantly in the past year, with the number of crypto users increasing to 300 million according to an article published by BuyBitcoinWorldWide. Despite the increasing popularity of crypto, the market value and capitalization of many prominent blockchain networks have decreased several times.
Two of these networks include Bitcoin (BTC) and Ethereum (ETH), both of which have had a difficult time maintaining their value over the past couple of months. Nevertheless, both blockchain networks have remained in the top two most profitable cryptocurrencies.
However, there is a new blockchain network that plans to surpass Bitcoin and Ethereum’s popularity, the HUH Token. This editorial will explore how HUH Token can reach the popularity of Bitcoin and Ethereum.
What influence can the HUH token have?
HUH Token (HUH) is the new blockchain network that plans to captivate crypto users through its niche and unique branding. Its utility functionality combined with the distinct theme that meme coins follow makes the first ‘timeme’ token attracting analysts and investors alike.
HUH’s developers have made a conscious effort to elevate their marketing strategies to attract the attention of high-profile influencers. The blockchain network plans to launch MetHUH – a social networking site built for influencers to create content and made available to crypto users.
If a social influencer posts content to, or a user views content on MetHUH, a transaction with the detected levels of moderation, tone, and light tokens is sent to the influencer’s account. The MetHUH technology can detect moderation and light features in the published content using an ever-evolving algorithm along with coin sentiment coins that form an inherent part of the HUH ecosystem.
The HUH token takes their marketing a step further by dedicating a section of their website to entrepreneur Elon Musk, who has 20% of the HUH tokens at his disposal and wants people to tweet Musk to get his attention.
If Musk doesn’t want the symbols kept for him, HUH will give it to a charity based on suicide prevention for young men. The influencers can help elevate the HUH Token, potentially making it a likely coin to dethrone Bitcoin and Ethereum.
Can Crypto’s Number One Bitcoin Stay On Top?
Being the first cryptocurrency in existence has given Bitcoin a significant advantage over altcoins. The anonymous Satoshi Nakamoto created Bitcoin back in January 2009 with the intention of allowing online payments to be sent directly from one party to another without going through a financial institution.
It is best categorized as a peer-to-peer cryptocurrency, meaning that all transactions occur directly between equal, independent network participants, without the need for an intermediary to facilitate the transaction.
Bitcoin has created a global community, while at the same time giving birth to a whole new industry with millions of enthusiasts who buy, distribute and trade through using cryptocurrencies in their everyday life. The emergence of the first cryptocurrency has constructed a technological foundation that later inspired the development of many competing crypto projects.
Recent news covering Bitcoin has shown that its value has started to rise again due to US inflation easing in July. Despite all the negativity that has hit Bitcoin, it has managed to maintain itself as the number one crypto.
What did Ethereum bring new to the table?
Ethereum (ETH) quickly became popular when it appeared on the market in July 2015. It is an open source blockchain system that has its own cryptocurrency and pioneered the concept of smart contracts in blockchain networks.
Smart contracts are computer programs that automatically perform the actions necessary to fulfill an agreement between multiple parties online. The main innovation was to design a platform that allowed smart contract execution, reinforcing the already existing advantage of smart contract technology. Ethereum is also known for having the largest ecosystem in crypto, enabling many other cryptocurrencies to operate on the blockchain.
Ethereum plans to upgrade its mechanism, moving from using a proof-of-work consensus to a proof-of-stake algorithm, to improve sustainability and scalability.
The upgrade, known as Ethereum 2.0, is scheduled to begin testing this month, and will be officially released in September 2022. Ethereum has evolved by moving to a more sustainable consensus while maintaining its large ecosystem. These reasons are why Ethereum is the second most successful crypto network on the market.
More information about HUH Token (HUH):
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