Five Cryptocurrencies to Watch Closely Next Year – HUH Token, Shiba Inu, Cardano, Solana, and Avalanche

This year has seen a significant increase in the acceptance of cryptocurrency. The overall cryptocurrency market value has surpassed $3 trillion, and financial authorities from China to the United States have begun to take this commodity seriously. As we approach the year 2022, everyone's attention is focused on what's next in the crypto world. Blue-chip tokens like Bitcoin and Ether are already well-known to everyone, with even a passing interest in long-term investing. And, with Bitcoin (BTC) consistently trading over $60,000 and Ether (ETH) trading around $4,000, some investors are on the lookout for less known cryptocurrencies that may give higher profits. Fortunately for them, there is no lack of alt-coins with the potential to become the next big brand.

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SOL

Solana has risen to become the world's fifth-largest cryptocurrency, with a market value of moreover $62 billion, in 2021. It began the year at less than $2, reached an all-time high of $260 in early November, and is presently trading just north of $200.

Solana is the cryptocurrency of the Solana blockchain network, and its surging value represents the Solana blockchain network's expanding possibilities. The blockchain is gaining popularity due to its fast transaction processing speed. Solana holders may find themselves in a good situation if Solana's presence continues to rise.

Also Read: Interesting Facts About Crypto Portfolios

ADA

Cardano, with a market worth of $55, is just behind Solana. In 2021, this cryptocurrency had dramatic growth as well. The token began the year trading for less than $0.20 and soared to moreover $3 by early September, becoming it the world's third-largest cryptocurrency in the process. Cardano has also dropped from its peak on Labor Day, and it currently trades at $1.66.

Cardano was created by Ethereum co-founder Charles Hoskinson, who left Ethereum after disagreeing with Vitalik Buterin's plans to make the blockchain non-profit. Cardano has built a name for itself; however, with Cardano now in the middle of a month-long bear run, next year might be a watershed moment for this currency.

AVAX

Another successful cryptocurrency is Avalanche. AVAX was trading just north of $3 at the start of 2021; by late November, it had reached an all-time high of over $146, good enough to surpass Dogecoin and become one of the world's ten biggest cryptocurrencies. It is currently worth more than $116 a share, with a market capitalisation of more than $26 billion.

Avalanche is the native token of the Avalanche blockchain, one of Ethereum's developing smart contract competitors. Avalanche's fall rise was fueled by a new agreement with Deloitte. The agreement with Deloitte increased Avalanche's credibility. Next year, the blockchain and it's token might use that footing to soar to new heights.

SHIB

This meme craze exploded into the public mind in 2021, riding the popularity of Dogecoin to become the newest decentralised tribute to man's finest. Shiba Inu is worth fractions of a penny and reached an all-time high in late October, surpassing a market price of roughly $40 billion.

With the cryptocurrency doing so well, things have begun to deteriorate. Shiba Inu's worth has suddenly dwindled, with its market valuation almost halving to about $20 billion. Kraken is a cryptocurrency exchange that has announced that it will begin listing and accepting Shiba Inu transactions on November 30th. This has resulted in a significant price increase. Keep a watch on this volatile cryptocurrency.

HUH

HUH Token is a new altcoin that is releasing in five days on the 6^th of December. This festive release seems to be highly anticipated with it's presale ending which has had incredible success. This token seems to be utilising utility and the power of memes to give it good momentum to be a top ten cryptocurrency. The goal is to use a specifically designed referral system that is built into the smart chain. This programmed system functions by providing a code which can be gifted to new holders. When the new holders buy HUH Token, the one who gifted the code will receive 10% of that individuals first purchase. This is a functional meme prorogation mechanism. That ten percent that you can get from referrals is given as Binance commonly but can also be other cryptocurrencies depending on the exchange. This is great for creating strength in the portfolio by diversifying your resources.

Follow HUH Token on their Socials before they Launch:

Website: https://huh.social

Telegram: https://t.me/HUHTOKEN

Twitter: https://twitter.com/HuhToken

Instagram: https://www.instagram.com/huhToken/

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