Meme coins have been an integral part of contributing to the popularity of cryptocurrencies. The term ‘meme coins’ are used to describe crypto tokens that are based on a viral image or internet meme.
This subsection of crypto has become one of the most prominent sectors in the market. Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have taken the market by a storm with their light-hearted and cute branding charms.
A meme coin that is looking to do the same is HUH Token (HUH), a decentralised open source network that aims to enhance the capabilities of meme tokens. This article explains why all three of these meme tokens should be on your radar.
HUH Token (HUH) is a cryptocurrency that wants to help push for wider crypto adoption. They plan to do this in several different ways, one of them being the incorporation of MetHUH. The MetHUH foundation is best described as a social network blockchain. It aims to be the number one destination for developers, content creators and users to build on.
HUH wants to elevate the functionality of meme coins by implementing the capabilities of utility tokens. This makes the new blockchain network a ‘utimeme’ token, combining the niche branding of meme coins with the technological ability that utility tokens have.
The blockchain network also aims to eliminate the existing issues that many cryptos face such as expensive costs, slow transaction speeds and scalability. HUH combats these problematic elements by implementing the most innovative mechanism in crypto, proof-of-stake. The proof-of-stake consensus enables clear, successful and immediate transactions within the HUH ecosystem.
HUH Token’s ambitions continue by wanting to get 1,000 promoting the network by the end of this month, and hopes to reach 50,000 by the end of 2022. Currently in its presale stage, now may be the best time to consider purchasing HUH.
Dogecoin (DOGE) is best known for being the first meme coin in crypto. Its entry has revolutionised cryptocurrencies by creating a whole new sector into the market. The blockchain network derived from the 2013 internet ‘doge’ meme.
This meme focuses on a Shiba Inu dog funnily glancing – whilst being surrounded by humorous internal monologues. Dogecoin creators envisaged it as a lighthearted and fun cryptocurrency that would have appeal beyond the core Bitcoin audience.
It is a currency that is primarily used as a tipping system on social media platforms such as Twitter and Reddit to reward content sharing and creation. The success of Dogecoin has also been connected to the passion that entrepreneur Elon Musk has for it.
Musk’s endorsement of DOGE came in early 2021, where he began posting Lion King DOGE memes on Twitter, leading to the currency’s market cap and value rising rapidly.
Shiba Inu (SHIB) is the second most popular meme token behind Dogecoin. The blockchain network gave itself the alias ‘Dogecoin Killer’ to represent how it wants to be Dogecoin’s direct competitor. It was founded by an anonymous individual who goes by the pseudonym ‘Ryoshi’.
Ryoshi has stated the irrelevance of their true identity, indicating that if it was to be revealed, the general public would be underwhelmed. The coin’s rise in popularity came from Vitalik Buterin, who conducted the largest crypto donation in history. Buterin gave an approximate $50 trillion worth of SHIB to an India COVID Relief fund to tackle the issue of COVID-19 in the country.
The meme coin token could have become the number one meme coin in the crypto market. However, the colossal crypto crash at the beginning of the year caused it to drastically decrease in value. Nevertheless, Shiba Inu developers are still working hard to enhance the token’s relevancy whilst finding new methods to help aid its value and market cap increase.
More information on HUH Token (HUH):
Swap: https://swap.huh.social/
Website:https://www.huh.social/
Discover more on HUH Token in this article: Which Crypto Will Be Affected By The Elon Musk Twitter Lawsuit? Bitcoin, Dogecoin, And HUH Token
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Turkey’s new crypto regulations, effective from 2 July 2024, require all crypto service providers to apply for licenses or liquidate by 2 October 2024. Key players like Coinbase and KuCoin have not yet started the licensing process, reflecting potential challenges in adapting to the new rules.
JoyWireless internet provider Andrena has raised $18 million to develop its decentralised broadband protocol, DAWN. As a DePIN, DAWN aims to deliver internet access directly to homes, bypassing traditional providers. Now in testnet phase, DAWN will launch on Solana. Will it revolutionise internet access?
CatherinePump.fun offers a 0.5 SOL reward to incentivize successful token launches on its platform, which has seen only 1.4% of tokens reach the Raydium DEX. Despite its innovative bonding curve model, the platform's memecoins remain high-risk with a low success rate.
AnaisOver a million viewers joined Donald Trump and Elon Musk’s delayed X Spaces interview, which Musk attributed to a “massive DDoS attack.” Was the delay genuinely due to a DDoS attack, or did Musk fabricate the reason?
KikyoEl Salvador's historic $1.62 billion investment from Yilport will upgrade its ports, boosting trade and creating jobs, while laying the groundwork for the Bitcoin City project, a tax-free city powered by volcanic energy. Despite its ambitious goals, Bitcoin City faces challenges, including delays in funding and environmental concerns, while El Salvador continues to expand its Bitcoin reserves, now valued at approximately $345 million.
JoyTeleverse, a TON blockchain-based mini-game network, has secured $1 million in seed funding led by Summer Capital. Aiming to replicate WeChat’s mini-game success on Telegram, Televerse seeks to deliver top-tier gaming experiences and drive Web3 gaming and blockchain adoption.
CatherineBounty Bay has rapidly gained traction with over 2.6 million app views and 1.3 million users, driven by its in-app referral system and integration with the Ton Blockchain. The platform offers a seamless shopping experience within Telegram, leveraging gamification and rewards to boost user engagement and drive sales.
WeatherlyThe FBI's cryptic response about the Bitcoin creator suggested he might be a 3rd party individual. The bureau’s ambiguous replies prompts speculation: does the FBI know Nakamoto’s true identity, or will the mystery persist?
KikyoThe Shiba Inu community, known for its large and active base, is increasingly targeted by scammers exploiting its popularity through fake airdrops and giveaways on Telegram and X. These scams aim to steal funds by tricking users into connecting their wallets or sharing personal information, capitalising on the community’s enthusiasm and trust.
AnaisReddio, a top parallel zkEVM Layer 2, has closed its seed funding round and is progressing with A-round financing to speed up its Layer 2 deployment. It has also integrated World ID from the Worldcoin network into its points system.
Catherine