The meme cryptocurrency Dogecoin reached its highest value of 68 cents on the 7th of May, it was an incredible feat and a roller-coaster of a journey.
The rise can be attributed to Tesla’s CEO Elon Musk, with the last push coming from his debut on Saturday Night Live.
The Technoking of Tesla has consistently spoken well of Dogecoin to his 52 million followers, having a national television showing only really helped boost the demands for this canine coin. Say perhaps, you felt that this concept was funny and interesting to you, enough to put $100 on as a bet, a whim. If you had made this decision to ride this puppy from its conception, then you sold on that fate on the 7th of May, you would be looking at an outstanding and perhaps ridiculous $862,992.
This is a much higher amount than most other cryptocurrencies have ever been able to achieve. However, before you decide to invest in this meme with the expectation of gaining thousands, if not millions, you need to know that there is a bubble around this hype that could pop very soon. When it comes to any token that relies on memes to thrive, it creates a very volatile nature, it’s always advisable to not invest any money you aren’t willing to lose completely.
It’s also an interesting thought piece to consider buying at the lowest price and selling at the highest price, and it is possible, but not really feasible, to rely on trying to predict the timing of the market.
If anything, this coin shows the impressive power stored in social media and marketing. Being able to access so many individuals at once who all rally to a cause, regardless of the understanding and knowledge of investing or finance.
A new token that has its sights on this market is HUH Token. It’s currently in presale with plans to release on the 8th of December. There are rumors about this new cryptocurrency having an army of social influencers who are backing this project. It is known that attention sells at a good price in the crypto sphere.
Not only does HUH Token have this mass of social potential it has a never seen before referral system.
When you link your wallet to the HUH Token website you will be provided with a referral code. This code can be given to people who do not have any HUH Tokens. When they then buy HUH Tokens they get a discount on the tax and ten percent of their purchase goes to the person who referred them as BNB. This new holder of HUH Tokens is then provided with a referral code and the story continues. It’s built into the smart contract which keeps all the transactions transparent and viewable on the blockchain.
At the moment the presale is providing 25% extra tokens on any deposit made with an exclusive NFT. The presale has been criticized for its speed in regards to returning receipts to investors, the Telegram has stated it was due to the sheer amount of deposits that they were receiving. However, the system seems to of caught up currently with the demand.
HUH Token has the makings of being the next big meme, with infinite scaling potential. Perhaps you could be the next crypto billionaire who holds with the HUH nation.
Follow HUH Token on their Socials before they Launch:
Website: https://huh.social
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/
Telegram: https://t.me/HUHTOKEN
Presale: https://huh.social/presale/
