2022 What's in Store for these Big Three: Cardano, Ethereum, and HUH Token
Investing in blockchain native currencies that support smart contracts proved to be a wise decision in 2021. Last year the value of ETH, Ethereum, and ADA, Cardano, more than doubled.
HUH Token came out in December of 2021 and upon launch increased more than six thousand percent since its debut and now has tens of thousands of holders.
Out of these three currencies, is there a superior option for the coming year?
The HUH Token is a cryptocurrency that went live on December 6th 2021. It has continued to make waves and this trend of growth does not seem to be abating. It seems to be prospering as a result of its novel smart contract referral system.
It works by supplying HUH Token holders with a code that, when used for the first time by another new holder, pays the code source 10% of the initial purchase. This ten percent is now collected in BNB, but it seems that plans are in the works to collect it in a number of other cryptocurrencies as well.
The HUH Token intends to build a strong community centred on influencer marketing and status while also giving value; its whitepaper discusses concepts for metHUH, a social media network that would try to quantify sentiment research as a financial incentive. They are on three exchanges; PancakeSwap, BitForex and Uniswap. It is also listed on Coingeko and Coinmarketcap.
In terms of market capitalisation, Bitcoin remains the most popular cryptocurrency. Ethereum, on the other hand, comes in a close second. Its market value of about $500 billion is almost five times that of the cryptocurrency on the chart below it. Ethereum, according to some, has the potential to dethrone Bitcoin in the future.
The main critiques levelled about Ethereum are its slow transaction speed and exorbitantly high fees. If this trend continues, alternative blockchains, like Harmony of Fantom will almost surely gain ground on Ethereum.
Ethereum 2.0 (Eth2) is a substantial upgrade that will dramatically boost the blockchain’s speed, security, and sustainability, seeking to address the aforementioned shortcomings in the near future.
Cardano is an open-source decentralised blockchain platform. It is now in the middle of its strategic plan, having just reached the third of five stages of development with the deployment of smart contracts, or self-executing, programmable agreements that permitted the construction of decentralised apps (dApps).
Cardano is a proof-of-stake (PoS) blockchain that was created with the help of peer-reviewed research from engineers and academics. It also has a strict formal development technique. The proof-of-stake (PoS) system is favoured over proof-of-work (PoW) systems like Ethereum’s because it uses less energy and needs less hardware, resulting in faster transaction speeds.
The problem with Cardano is that it is quite centralised. A lot of power is concentrated in one place; this isn’t a good precedent for the future of blockchain, but it does make scaling simpler.
When you choose which cryptocurrency to hold, the decision is very subjective. If you’re more interested in newer, less established cryptocurrencies, HUH Token or Cardano are a better match.
If you want the relative stability of a more established platform, Ethereum is probably the preferable choice. Cardano and Ethereum have already carved out a niche for themselves, but HUH Token has just recently surfaced. This offers it an edge over competitors and a bigger potential for development. Each of these cryptocurrencies is a high-risk, yet potentially profitable, investment option.
Learn More About HUH Token Here:
HUH Official Swap- https://swap.huh.social/
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