Can the HUH Token (HUH) Model Mirror the Likes of Dogecoin (DOGE) and Shiba Inu (SHIB)?

While the cryptocurrency industry skyrocketed in 2021, there were certainly individual winners who made an enormous impact in the digital asset space. The likes of Dogecoin (DOGE) and Shiba Inu (SHIB) are now some of the most recognizable cryptocurrencies globally, and its origin story consists of one thing only: memes.

Dogecoin (DOGE), cited as the original meme coin, was created in 2013 as a joke on the Doge meme by software engineers Billy Markus and Jackson Palmer. Fast forward to 2021, it ranks as the 11th biggest cryptocurrency in the world, according to CoinMarketCap, and boasts a market cap of $18.19 billion.

Despite its origins, Dogecoin (DOGE) is considered a legitimate investment, with the likes of Tesla founder Elon Musk championing the crypto that will be accepted as payment for some Tesla products. Dallas Mavericks owner Mark Cuban had also advocated for Dogecoin (DOGE) with his NBA franchise accepting the coin as payment for tickets and merchandise.

Shiba Inu followed suit in 2020, calling itself the ‘Dogecoin killer’ as it quickly rose through the ranks in the crypto industry before demonstrating its potential as a major cryptocurrency. Shiba currently ranks as the 14th biggest cryptocurrency in the world, according to CoinMarketCap, having reached the top 10 in 2021.

It may not be crazy to think that HUH Token (HUH) could have a similar impact on the crypto market, especially with its marketing campaign of having hundreds of social media influencers posting the token across Twitter and Instagram.

The token describes itself as a ‘utimeme’ due to its dual purpose of a utility and meme coin while also being available on the Ethereum (ETH) and Binance (BNB) blockchain.

In the social media age that we live in, influencers play a massive role in marketing and expanding a brand’s reach or, in this case, cryptocurrency across the world. By having influencers post on the two biggest social media sites in Twitter and Instagram, the HUH team attempts to maximise just how known the token can become.

Having been launched in December 2021, the token had its struggles, with claims that it was a scam but soon rebounded in a rousing way by surging 6000% within a month of its launch.

HUH is certainly unique in what it holds dear in its principles, as its white paper discusses the importance of humour and emotions. Similar to Seesaw Protocol, HUH has a bonus referral system where existing holders earn a 10% commission on the first investment of the new holder.

While HUH looks to make its mark in the crypto space, they aim to enter the metaverse through its very own ‘MetHUH’. The MetHUH is a virtual universe where social influencers can communicate with each other and companies without a middleman. This is currently not available.

An NFT social media marketplace will be available in the MetHUH as users will be able to buy NFTs from their favourite social media influencers. The MetHUH model within the HUH token is unique and will be crypto to watch in 2022.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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