2022 Crypto Insight: Where are HUH Token and Ethereum Headed?

HUH have implemented a referral system.
HUH have implemented a referral system.

2021 was an exciting year for cryptocurrency in many ways. Bitcoin surpassed prior predictions to hit an all-time high of $70,000, NFTs were on everybody's tongue all year long, major corporations such as Jack Dorsey's Square and Elon Musk's Tesla adopted digital currency, with El Salvador even making Bitcoin legal tender.

In light of 2021's digital transformation, 2022 is expected to be even more crypto-crazy. Yet although Bitcoin is the OG, some crypto experts believe that Bitcoin's better left as a trendsetter due to its extreme volatility as well as concerns regarding the size of its carbon footprint, which was voiced by Musk himself. This established Bitcoin's reputation in the financial market as a quick trading gimmick as opposed to a viable long-term investment. Pegged against an asset to reduce volatility, Ethereum and HUH Token are more promising choices for investors looking for 2022's next big boom. Here's all the reasons why.

Ethereum is a blockchain-powered technology that relies upon smart contracts to execute transactions. With Ether as its native currency, the platform is considered more sophisticated and capable of running programmes than Bitcoin. Some analysts argue that it's this feature of Ethereum that will ultimately dethrone Bitcoin as the #1 cryptocurrency.

Arguably Ethereum's biggest goldmine in 2022 will be NFTs. Described as the marketer's shiny new toy by Forbes India, these limited-edition digital assets are being sold mainly by celebrities, start-ups, and brands. Being auctioned for millions of dollars at a time, aspects of they cannot be forged, thanks to their unique identification codes and metadata. And they can only be bought with Ethereum. Thus, as NFTs increase in value, so will Ether, as scarcity raises its value.

As the second biggest crypto after Bitcoin, Ethereum's price rocketed to over 400% in 2021. It's attributed to Ethereum's better utility, as Bitcoin was originally designed to decentralise currency as a peer-to-peer network rather than, well, be efficient. Processing transactions faster and less energy-intensively than Bitcoin, Ethereum has applicability extending even beyond NFTs into real estate, for example, and is gaining more interest in items that need to be authenticated.

Thought to point the direction of the tech world, Ethereum attracts more developers than Bitcoin (2,300 compared to 400 in 2020, according to Electric Capital). Currently working on the ETH2 upgrade, Ethereum is likely to become more sustainable, secure, and scalable in 2022.

HUH have implemented a referral system.

HUH Token was only launched a month ago on PancakeSwap, and is now also available on BitForex, yet soared higher than 6000% within its first few days post-launch. Already listed on CoinMarketCap and CoinGecko, HUH doesn't plan on slowing down in 2022, with New Year resolutions to launch an app and an NFT marketplace.

Building on both Bitcoin's peer-to-peer network concept and Ethereum's utility, HUH is growing an online community that attracts social influencers (aspiring to get noticed by Elon Musk) and consumers alike by offering monetised sentiment analysis tokens.

HUH's utility is witnessed by its incentives for long-term holding. HUH have implemented a referral system in which existing holders receive 10% of the first investment in HUH Token made by anyone they refer and is paid in BNB. This novel approach has contributed towards HUH Token already boasting over 15,000 holders.

As society becomes more aware of the impact of climate change, HUH has vowed that it will not be held back by its carbon footprint like Bitcoin has. Consequently, HUH have partnered with Eden Reforestation Projects to plant 1 million trees and therefore positioned themselves as a sustainable alternative to Bitcoin that aligns with consumer preferences to be eco-friendly.

Learn more about HUH Token on:

(Disclaimer: This is a sponsored article and includes some commercial links.)

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