A new year brings new possibilities to the crypto market. There were more than 16,000 cryptocurrencies at the beginning of 2022. Among them HUH Token
Given the current optimism of the new year, there was a considerable drop. December 2021 saw a big drop for almost all cryptocurrencies, from Ethereum (ETH) to Ripple (XRP) and HUH Token (HUH).
For some cryptocurrencies, the downtrend has been part of a larger pattern and for external reasons. The most notable of these is Ripple.
Ethereum will break new ground with ETH 2.0
Ethereum is the second most popular cryptocurrency and it had a good year in 2021. It hit a new high of over $4,800, and its price has increased by over 350% over the year. In part, this may be due to the big jump in overall market performance as more and more people get involved with cryptocurrencies. Its use for the growing NFT market cannot be ignored either.
2022 could be a big year for Ethereum. The transition to ETH 2.0 is scheduled for Q1 2022, and with testing underway, it looks like it will finally be implemented. This can and should provide ETH holders with a big boost.
Something to watch out for may be cryptocurrencies dubbed “Ethereum assassins”. Coins like Cardano (ADA) and Solana (SOL) also grew in 2021. Some believe the goal is to bring down ETH, but others claim that a more collaborative approach could have more success.
Can Ripple Shake Up the SEC?
Ripple had a very volatile year in 2021. It rose over 800% at the start of the year, from $0.21 to $1.80 in January 2021. Since then, it has gone up and down as its lawsuit against the Securities and Exchange Commission rolls. Its proponents claim it was an unfair target, while the SEC alleges that Ripple executives sold $1.3 billion worth of XRP, which the SEC labeled a “unlicensed title“.
Jeremy Hogan, a lawyer who is part of the Ripple community, believes the case will not extend beyond April 2022. If the case ends in the first part of the year, XRP should be reclassified on major cryptocurrency platforms. If that happens, experts predict a sharp rise in the price of XRP, up to $3 or more. The court victory would also set a precedent as the first for a decentralized exchange against a central authority.
HUH Token seeks further growth
HUH Token is only a month old, and in that short amount of time, it has come a long way. In her white paper and roadmap, she laid out her big ambitions. HUH Token has been labeled as the first “coin”use me“; a utility coin with the popularity and fun of a meme coin.
The team behind HUH is eyeing even faster growth in 2022, with hundreds of influencers on board in a bid to showcase the token’s unique features.
Chief among them is the smart referral system, which gives existing holders 10% of the first investment of anyone they recommend the HUH Token to. It also rewards holding for long periods, a small percentage of each transaction is shared between holders.
Learn more about the HUH token here:
Web site: https://huh.social
HUH Official Swap- https://swap.huh.social/