Over the last 24 hours (as of February 8th, 12:06 GMT), the crypto market began picking up. Following crypto’s ongoing entree into the mainstream, the market has been facing intense scrutiny as it’s been flunking since the beginning of the New Year. While mainstream news outlets have been labelling cryptos’ underperformance a sign of a looming ‘crypto winter’, more seasoned investors understand that the decline is an intrinsic part of the volatile market. Evidently, cryptocurrencies started experiencing a steady rise in value, even Avalanche (AVAX), despite failing to climb above $75 last week, and Polygon (MATIC), that dipped 11% notwithstanding launches on Bitfinex and FTX platforms. However, HUH Token (HUH) has remained low in the inclining market climate in spite of releasing a well-received NFT collection recently. Based on Avalanche’s (AVAX) and Polygon’s (MATIC) recovery, is now the time to buy HUH’s dip?
How do analysts predict a price increase?
Prices can be predicted by looking at the history of a particular cryptocurrency. For instance, its performance can be tracked in a certain month by looking at the previous year trends that it has followed. The price can also be predicted by looking at the crypto’s upcoming projects. If they’re solid, there’s a chance its value could incline.
The reality is that crypto value might rise or fall depending on supply and demand. The supply of a cryptocurrency is determined by the number of new coins created and the number of current owners who wish to sell their coins.
The demand for a cryptocurrency is influenced by a variety of factors. The demand for the coins will rise in proportion to their use. This means that if the crypto monetary system functions well, by having fast transactions and low costs, smart contracts become more widely used, and more businesses begin to embrace crypto, demand for crypto will rise. Additionally, altcoins are becoming more popular as a store of value investment.
Will HUH Token (HUH) make a comeback?
Newcomer HUH Token (HUH) first garnered attention when it boomed 6000% within a month of its PancakeSwap launch on December 6th 2021. Dubbing itself the first ever uti-meme, it employs a mixture of social media hype and utility to prosper in the market. To drive its hype, HUH enjoyed a 70% increase over 4 days around the time hundreds of influencers started promoting HUH across various social media platforms. Since then, HUH has fallen 11%, although it’s expected to go back on track soon.
HUH has an ambitious roadmap, and recently announced the completion of its first phase on Instagram less than 2 months after launch. Its ultimate goal is to construct a decentralised metaverse named the MetHUH, in which everybody gains from the data they generate. Emphasising the value of social media, the MetHUH will allow influencers and users alike to create and consume content and earn Sentiment Tokens by doing so. The MetHUH is expected to take over social media as influencers will be able to collaborate with businesses without agencies or other intermediaries as well as other influencers.
HUH recently launched a NFT collection, PixelHUH, which will serve a significant purpose in the upcoming MetHUH. Taking the form of pixelated avatars, the NFTs will give holders exclusive benefits within the HUH ecosystem at only 0.479 BNB for presale holders, and $200 for others. Once HUH launches their social media NFT marketplace, holders will be able to list and sell their NFTs.
Considering HUH’s ambitious roadmap and upcoming projects, the uti-meme is likely to soar in the price alongside AVAX, MATIC and many other exciting cryptocurrencies. Take the final opportunity to buy the dip before demand skyrockets.
For more information visit:
Buy On HUH Website- https://swap.huh.social/
Buy On PancakeSwap: https://pancakeswap.finance/
Buy On UniSwap: https://app.uniswap.org/#/swap
Website: https://huh.social/
Telegram: https://t.me/HUHTOKEN