Has the Crypto Crash Hit the Floor? All eyes on these Breakout Altcoins

HUH Token (HUH) is a cryptocurrency that debuted to remarkable success on December 6, 2021.
HUH Token (HUH) is a cryptocurrency that debuted to remarkable success on December 6, 2021.

Across the digital currency ecosystem, we've witnessed a recent feeling of relief as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), HUH Token (HUH), and other currencies have recovered some of their recent losses. While the recovery seems to be progressing, it is critical to remember that we are not yet out of the woods.

Bitcoin and cryptocurrency values have plummeted over the last week, wiping out almost $1.4 trillion from the entire cryptocurrency market, prompting concerns of a "crypto winter."

Bitcoin's price fell below $33,000 last week, down more than 50% from its November high.

Ethereum, the second-largest cryptocurrency in terms of market capitalisation, has fallen below $2,300 per token, down from about $5,000 late last year.

Since November last year, cryptocurrency prices have been dropping, with investors subsequently embarking on a selling binge, further lowering prices.

bitcoin values have consistently declined in the run-up to Chinese New Year.

Since Sunday, the cryptocurrency market has lost almost $130 billion.

Bitcoin (BTC) was trading about $35,000 on Monday morning, down nearly 50% from a November high of $69,000, while Ether (ETH) was trading around $2,400, also down around 50% from a $4,670 high. The meme titan Shiba Inu (SHIB) also lost 78% of its value.

However, there seems to be an overall feel that the crash has not yet ended, according to online sentiment on Twitter and Reddit. There are also some specialists on these platforms that agree.

Over the last five years, bitcoin values have consistently declined in the run-up to Chinese New Year, a pattern that has been unbroken since 2016. However, China's impact in cryptocurrency markets has dwindled dramatically as a result of policymakers' ongoing attempts to restrict its access to Chinese consumers, so maybe this year will be different.

A cryptocurrency that has managed to break out of the red was HUH Token (HUH).

HUH

HUH Token (HUH) is a cryptocurrency that debuted to remarkable success on December 6, 2021.

Its value has surged by more than 3500 percent in less than a week and is now apparently expected to achieve a new all-time high, with claims of the creation of cryptocurrency billionaires.

HUH is currently listed on decentralised exchanges PancakeSwap, Uniswap, and BitForex, with plans to extend to tier two exchanges in the next months.

According to the HUH Token team's website and whitepaper, MetHUH is a decentralised app (dApp) which is a blockchain-based social media network that would generate revenue via emotion monitoring. This is a fundamental part of this tokens progress as it has the capacity to on board influencers who will help engagement with the cryptocurrency.

It is designed to symbolise the paradigm change that will occur with web3.0.

Additionally, they are building an NFT marketplace and a play-to-earn game, which they anticipate releasing in the third quarter of their schedule, along with a revised website and whitepaper.

The release of HUH was delayed owing to technical difficulties with the presale vesting procedure.

On the other hand, throughout the process, they have been frank and straightforward.

To address the difficulties raised, the HUH team will apparently provide unique NFTs to presale holders before the end of this month.

HUH's next step might propel them virally.

They have over 500 influencers supporting the cryptocurrency's public relations effort on Instagram and Twitter. They recently had a viral campaign with these influencers to illustrate the potential the digital currency has which cause it to increase last week by a substantial amount in this current bear market.

HUH Token (HUH) is a cryptocurrency that debuted to remarkable success on December 6, 2021.

How low is crypto-currency going to go?

Until BTC maintains very strong support over $40,000, the likelihood of a bear market remains likely.

With many fidgety sellers remaining, Bitcoin's (BTC) decline is on track to bottom out near the $30,000 level, while Ethereum's (ETH) primary support level in this bear market is set around $2,100.

Cardano (ADA) and Solana (SOL) may also reach bottoms of $0.80 and $80, respectively.

These are all critical bearish levels to observe.

However, a surprising continuation of steady growth is also feasible in the future as the larger stock market gains clarity on the Fed's attitude to the present fear about its anticipated interest rate rises.

Cryptocurrency aficionados would be wise to exercise caution in the coming weeks. That is the bottom line.

Whether you decide to sell your crypto or see this crisis as a chance to increase your holdings, it's critical to maintain a level head. Making emotional judgments, particularly while trading, almost never ends in positive outcomes. Therefore, before panicking and jumping into the market, consider why you're trading cryptocurrency in the first place. Always do your own thorough research. This article is for entertainment and educational purposes only.

Buy On HUH Website: https://swap.huh.social/

Buy On PancakeSwap: https://bit.ly/35qgxsy

Buy On Uniswap: https://bit.ly/3g1rRgC

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

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