Never miss a story

Get subscribed to our newsletter


×

Cryptocurrency has seen great growth in recent trading days.

The Sandbox (CRYPTO:SAND), a cryptocurrency tied to the metaverse, has soared almost 14% in one day as it continues its climb back to previous highs. This is a continuation of a month-long upward trend that has seen The Sandbox increase roughly 500%. Meanwhile HUH Token has announced that it will be releasing its white paper this week, as holders prepare for launch on 6 December.

The Sandbox continues to speed upward as the cryptocurrency has seen great growth in recent trading days, as well as throughout the last few weeks. SAND is a pioneering Ethereum based blockchain project aimed at enabling users to create and monetise their own virtual worlds. It has quickly grown to become a significant player in the blockchain-powered metaverse area.


Follow NewsGram on Quora Space to get answers to all your questions.

The Sandbox is not the only blockchain-based metaverse game to feature its own cryptocurrency. The fact that this platform enables users to create non-fungible tokens and integrate them into games or the platform's marketplace is also not novel, with others like Axie Infinity (AXS) and Decentraland (MANA) being the closest rivals. These Metaverse games are a rapidly expanding market, with new participants appearing on a regular basis. As a result, some investors may wonder why this may be an appealing investment at the moment in comparison to the competitors.

To be sure, The Sandbox has achieved some tremendous traction. It has over 500,000 registered wallets and 12,000 virtual land owners on its site as of early November. Additionally, it raised $93 million in a Series B funding and has attracted high-profile users such as Snoop Dogg.

What investors are now searching for are cryptocurrencies with significant momentum and the potential to generate portfolio-altering returns, such as SAND. Its market capitalisation is currently $4 billion. However, this is a rapidly rising cryptocurrency, having recently broken into the top 50 cryptocurrencies by market capitalisation.

Given the high level of interest in the metaverse sector and the implications that blockchain-based metaverse games may have in this setting, this appears to be a coin that investors are eager to invest in. Naturally, like with all cryptocurrencies, there is an inherent risk associated with purchasing any digital asset that is difficult to value intrinsically. However, given the numerous triggers propelling this cryptocurrency upward, it appears as though this one has a long way to go.

Also Read: Crypto Experts Reveal 7 Trading Secrets to Beat the Crypto Market

HUH Token White Paper

Another cryptocurrency that is generating huge interest is HUH Token, which is set to release its white paper this week. HUH Token is currently in its pre-sale, which will end in just a few days before it launches on December 6. When the Multi-chain launch occurs, it will be available on Pancake Swap and Uniswap.

HUH Token demonstrates both the potential for growth and stability through its remarkable social media agility. This token is rumoured to have thousands of top social media influencers signed on to promote it and drive its community of holders, which it calls the "HUH Nation".

HUH Token HUH Token

HUH Token will be released with a minimum of $1,000,000 in liquidity that will be locked in for at least two years; if this does not provide initial stability and proof of intention, nothing will. They expect to complete their Certik audit this week and have already been audited by Solidity Finance and Shellboxes.

In terms of social tokenomics, the HUH Token takes a novel approach by allowing holders to suggest another individual; when this individual gets HUH Tokens, the original person who referred them receives 10% of the transaction in either ETH or BNB. This is determined by the type of exchange on which the transaction is conducted. This, along with the brand's promise of an army of social influencers, might result in a bullish release; even a tiny investment may be worth the payout.

As with any investment in the volatile world of cryptocurrencies, you should conduct your own research and invest only what you can afford to lose, regardless of your desire not to miss out.

Follow HUH Token on their Socials before they Launch:

Presale: https://huh.social/presale/

Telegram: https://t.me/HUHTOKEN

Website: https://huh.social

Twitter: https://twitter.com/HuhToken

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

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


Popular

IANS

Ayushmann said: "Over time, I've become a huge fan of 'Money Heist' and it's rightfully found a prominent place in pop culture."

Bollywood star Ayushmann Khurrana has confessed his love for the popular Spanish series 'Money Heist' and has paid homage to his favourite character 'Professor' played by Sergio Marquina. In a fun take, the star paid homage to the famed 'Professor' character, launching the #IndiaBoleCiao Fan Contest allowing fans to capture and share their love for the series. Ayushmann is also seen singing his own rendition of the classic 'Bella Ciao' on the piano.

Ayushmann said: "Over time, I've become a huge fan of 'Money Heist' and it's rightfully found a prominent place in pop culture. Getting to work on this unique project has been special given my fondness for the series as well as the 'Professor'."The Bollywood actor feels disappointed as the Netflix show is coming to an end as the the final five episodes of 'Money Heist Part 5: Volume 2' will premiere on December 3 on Netflix. Ayushmann added: "The characters give us an immersive experience and you feel completely invested in their journey throughout the series. While I'm super excited for the finale, it's definitely disappointing that this heist is coming to an end." (IANS/ MBI)

Keep Reading Show less
Unsplash

This is a good vegetarian choice, at least compared to the Crunchwrap Supreme.


Meta: When you’re under a strict diet, it can be hard to eat healthy when you find yourself at Taco Bell. But it only seems that way—you can minimize the damage with the right menu items.

Keep Reading Show less

We go back in time with regression analysis and realize that the first guru is God himself'.

By- Devakinanda Ji

OṀ (AUM) -GU-RU-PA-RUM-PA-RA-BHOO-MYAI—NA-MA-HA

Keep reading... Show less