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December 5, 2022
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Polkadot and HUH Token Ready for a Big 2022

HUH Token, which has skyrocketed over 6,000% since launch, had its big correction in December, but expectations for 2022 are good

While Polkadot’s YTD return of 300% is nothing to look down on, networks like Terra and Avalanche have captured investors’ imaginations with YTD returns of 100x and 25x, respectively.

Polkadot is down nearly 50% from its all-time high in November as the global crypto market sells off.

Cryptocurrencies often experience price and interest spikes when investors see tangible examples of real-world adoption or when companies announce coin acquisitions.

Polkadot may see a similar boost following the news that Europe’s biggest telecoms company, Deutsche Telekom, has invested an amount “significant” in DOT.

The telecom giant will actively participate in the Polkadot network by running validators on it. Validators confirm transactions on proof-of-bet blockchains and are rewarded for their participation, in this case with additional DOT.

This growing $90 billion Telco involvement demonstrates its confidence in Polkadot’s technology and its intention to grow it as part of its business in the future.

The number of developers on the DOT blockchain has more than tripled in the past year, from around 2,600 to nearly 10,000. Polkadot’s codebase surpasses all previous years combined in 2021, with founder Gavin Wood estimating that 2 million lines of code were written, up from 600,000 at the start of the year.

Why is this significant? Developers are drawn to thriving ecosystems where they perceive value and respond by creating new products and features that benefit the network. Having a robust developer community becomes a self-fulfilling prophecy this way.

When investing in a cryptocurrency project, you want to invest in assets that implement improvements and new use cases, not coins that exist only to hype and will eventually fail.

Solana, who rose from relative obscurity to become arguably the most prominent blockchain outside of Bitcoin and Ethereum in 2021, has seen the number of developers working on the platform double from the previous year in 2020, so Polkadot’s tripling of developer count is a good thing. omen for this year.

In late 2021, Polkadot was overshadowed by newer assets such as Solana and Terra. Rapid development, a robust and rapidly growing developer community, and increasing real-world adoption by corporations should all contribute to making 2022 a landmark year for Polkadot.

HUH token

Similarly, the HUH Token has a remarkable YTD return of over 1000%. HUH Token was launched on PancakeSwap on December 6 and is up over 6,000%, but after the crypto market’s widespread slump since early December, it got lost in the noise as cautious investors took an unfavorable stance towards cryptocurrencies in general.

But as mentioned earlier, wild swings are common in the crypto market and positive market news appears to be gaining momentum, with major companies like JP Morgan recently announcing that they believe Bitcoin will hit $100,000 within the next 5 years.

The HUH Token is perfectly positioned in a very specific niche in the cryptocurrency market and is building something that no other cryptocurrency is doing. HUH aims to facilitate tokenization and therefore monetization of influence and content creation.

We live in a world where content and information are consumed constantly and quickly, due to the global reach of the internet. Cryptocurrencies are now a natural extension of the global internet revolution, and while content creators and influencers may struggle to monetize their intellectual property, likeness, and image, blockchain and the HUH Token plan to fill that gap.

Just look at the huge numbers surrounding NFTs in 2021 and the millions of dollars spent on digital yachts, metaverse land or pieces of art, and the picture of this still fledgling billion-dollar industry begins to emerge.

HUH Token has partnered with thousands of top social media influencers, artists and content creators to create an ecosystem that allows these individuals to be compensated for their intellectual property.

HUH plans to use NFTs and a proprietary platform called the Met-HUH-verse to create and increase value for content producers and influencers. All the details are described in your WhitePaper. These unique creator tokens provide greater access to the creator, allowing artists and fans to transact large sums of money quickly and securely.

HUH currently has over 15,000 holders, and with additional listings on Uniswap and other exchanges on the horizon, the token’s continued growth will increase demand, resulting in an increase in price.

According to its creators, on January 19, hundreds of influencers will start posting about the token on Instagram and Twitter, which should also benefit the price.

Learn more about the HUH token here:

Web site: https://huh.social

HUH Official Swap- https://swap.huh.social/

Telegram: https://t.me/HUHTOKEN

Twitter: https://twitter.com/HuhToken

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

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