2021 can be considered the year of the meme coin. New coins have been released and the most promising of which appears to be the HUH Token
2021 was a big year for all these coins, but what does 2022 hold for meme coins?
Dogecoin started 2021 at $0.004681 and reached a high of $0.74. This is a huge increase of over 15,700%. DOGE owes much of its popularity to Reddit investment groups, who used the coin as a continuation of the GameStop phenomenon. Tesla owner Elon Musk soon became DOGE’s main voice on social media, causing the price to climb higher and higher throughout the year.
Shiba Inu started last year priced at $0.000000000119. What came in 2021 was an explosion of 74327600%. It reached its highest point of $0.00008845 in October 2021. It followed the same path as Dogecoin and even called itself “DOGE killer“. He claims to embrace his meme heritage more than Dogecoin and acknowledges that the community around him has created a social phenomenon rather than a financial one.
DOGE and SHIB in 2022
As long as Dogecoin remains popular on social media and in the public consciousness, there will be more room for growth in 2022. The price rises every time Elon Musk mentions DOGE, and this should continue for the foreseeable future. This also applies to Shiba Inu, which often responds to fluctuations in the price of Dogecoin.
There is an endless supply of DOGE and SHIB, which has its advantages and disadvantages. The laws of supply and demand sometimes don’t seem to apply to meme coins. Some experts derided them as “shit-coins” that will die in 2022. However, no one expected them to make it this far, let alone reach their current positions of 12th and 13th in terms of total market capitalization.
HUH expects big growth in 2022
HUH Token was launched in late 2021 and has seen unprecedented growth in the first few weeks of over 4000%. It wasn’t immune to December’s dips, but it started 2022 well with a burn of $4 million worth of tokens.
The HUH encourages its investors to “hold until the gold“. It recently surpassed 15,000 wallet holders, and as of January 6, it was listed on Uniswap.
What sets the HUH token apart from Dogecoin and Shiba Inu is its usefulness. It was dubbed the first coin”use me”.
According to its white paper, the HUH applies “circular economy concepts to help social influencers reach their target audience with the desired impact, sentiment and payoff”. Whenever a HUH holder’s data is used in a sale, a reward transaction is sent to that holder.
Listing on another cryptocurrency platform completes the first phase of the HUH Token roadmap. His future plans include an NFT Marketplace, MetHUH, and having hundreds of influencers on board to extol the virtues of the HUH Token.
The price of HUH has fluctuated since early 2022, falling into a pattern with most major cryptocurrencies at the start of the year. There may be ups and downs throughout the year, but 2022 could have a lot in store for meme coins.
Learn more about the HUH token here:
HUH Official Swap- https://swap.huh.social/