VeChain (VET) up 5% and HUH Token (HUH) Passes 15,000 Wallet Holders to Start 2022 Well
VeChain (VET) and HUH Token are two of the most recent cryptocurrencies to see large growth. VET is up 5% today, while HUH has risen over 6000%. VeChain is a blockchain platform that aims to create a trust-free and distributed business ecosystem while HUH is a decentralized digital currency that allows for instant transactions with near zero fees.
VeChain and HUH Tokens are recovering from 2021 end dips in the market
It is widely anticipated that 2022 will be a huge year for cryptocurrency. As of the 5th January, the global market cap is $2.24 trillion, a 0.11% increase on the day before. December 2021 saw some sizeable dips in the market. No coins were immune, from the market-leading Bitcoin (BTC) to top 50 tokens such as VeChain (VET), and relative newcomers like HUH Token (HUH). With a new year comes new opportunities, and the crypto market has rebounded from some of the December lows.
VeChain was launched in 2015 and is a software with the goal of enabling better relationships between businesses. They do this by monitoring and improving the supply-chain management, as well as tracking the efficiency of data transfer. VET is what helps make this viable, and is the token that allows for the implementation of changes. VeChain also gives companies the ability to launch new decentralised applications (dapps).
A real-world application of the VeChain software, and by extension VET, is to assist in tracking the entirety of the supply chain process. Blockchain technology can also be used to help validate the authenticity of items and products. This is a highly desirable asset, and as a result, VeChain is already being used by some of the world’s most successful companies.
Walmart uses VeChain to track where and how its produce was grown or kept, as well as how it was transported. BMW wants to prevent odometer fraud in the cars that they sell, and VeChain is helping them achieve this. LVMH, the conglomerate behind Louis Vuitton, Givenchy, and Marc Jacobs, has used VeChain to track some of its luxury leather goods.
At the time of writing, VET is at 0.09195, a rise of 6.72% over the last 24 hours. Since the turn of the year, VeChain has been on a steady upward trajectory. This could in part be down to some news coming out of VeChain. Their Twitter account hinted at the release of a new stable coin called VESD. According to VeChain, it will help with the “new wave of blockchain mass adoption.
HUH Token (HUH)
HUH Token was launched on December 6th, 2021, and in under a month has created quite a splash. Its launch saw a rise of over 6000%, and despite the December dip, has bounced back at the start of 2022. It is currently at $0.00007395, up 26% from New Year’s Day.
HUH Token is a “utimeme” coin. It attempts to combine the fun and popularity of meme coins with the applications of utility coins. HUH already has a strong community and social following, and the HUH Nation will only get bigger with time. The intelligent referral system helps to both enhance the strength of the community as well as benefit its holders. Existing holders receive 10% of the first investment of any new holder they recommend. Furthermore, there is no limit to how many people one HUH holder can refer.
HUH Token’s White Paper – Very Ambitious
HUH has grand designs. The company’s white paper and roadmap are both realistic and ambitious. Stage 1 of the roadmap is on the verge of being completed, adding further credibility to the rapid growth of HUH. HUH Token will launch on Uniswap on the 6th of January 2022, and in doing so, making itself a multi-chain token.
In addition, on the 19th of January, hundreds of influencers will show their support for HUH token on Twitter and Instagram. The meme credentials of HUH are strong and the utility is not far behind. At the end of January, there will be an NFT drop for pre-sale users. This will be the start of the HUH social media marketplace. Listings on more and more platforms are being hinted at in the coming weeks. 2022 looks to be an exciting year for both VeChain and HUH token.
Learn More About HUH Token Here:
HUH Official Swap- https://swap.huh.social/