The success of the smaller market cap meme coins Floki Inu and HUH Token shows that Dogecoin wasn't just a one-time thing.
A lot of people think Shiba Inu will be one of the best cryptocurrencies to buy in 2022 and these coins are very similar to Shiba Inu.
But should you choose one of these tokens?
The idea behind meme-inspired cryptocurrency is that they help people in the real world by using the humour of memes to help them.
Even though the project is still very new, the value of Floki Inu and the value of HUH Tokens have risen quickly. HUH, Token rose by over three thousand per cent in only five days.
Before investing in a cryptocurrency, we usually tell people to get as much information about it as they can and take care.
As of now, HUH Token has followed the downtrend with the recent bearish sentiment.
If the crypto community is interested and trusts it, that might be enough to make it worth it to buy.
As a result, the price is also very low. If the token goes up to $0.01, you could make a lot of money if you buy some. Its ultimate goal is to reach a value of $0.01 and make HUH holders' billionaires.
Will the HUH Token be able to thrive and start a new era of community-driven innovation?
The HUH Token will work with Eden Reforestation Projects to deliver one million trees, one for each new HUH Token owner and also has allocated 20% of the entire token supply to Elon Musk for charitable endeavours.
The HUH Token logo is one of EDEN's "Million Tree Partners." You can see the logo here.
If true, this means HUH is developing an open-source and web 3.0 social media network.
At the start, it was a huge hit. In less than five days, it grew by more than 3000%.
Market pessimism led this crypto to get caught up in the bearish phase it was going through.
However, on January 26th, HUH Token showed off its marketing power by having hundreds of influencers, some with over one million followers, talk about HUH on Instagram and Twitter.
This show resulted in a green candle on the chart, which represents a 50% gain, and HUH Token said this was just a small sample of what they could do.
Next month, they'll start using a new social media platform to help them get more social influencers on board and see if NFT could be used in the future.
A lot of people are interested in NFTs, which are blockchain-based codes of ownership that are linked to things like virtual art, digital collectables and many more.
Based on the Ethereum blockchain, Floki Inu is a token called an ERC-20.
The name of Elon Musk's dog, a Shiba Inu, is the name that inspired this cryptocurrency.
This isn't the only thing the white paper states. It says that it's more like a movement than a meme.
Floki Inu has always done well since it was started. A market value of $1.06 billion was founded in December 2021.
For a currency that hasn't been around for a year, this is a pretty big deal.
If you want to buy some of this cryptocurrency, the price isn't too high right now. In 2021, it hit a high point of $0.0003359.
During the time since then, its value has gone up and down but has not yet reached its peak level again.
For Floki Inu, the maximum token supply is 10 trillion. That's a lot of tokens for such a small project!
Instead of being a meme like Dogecoin and Shiba Inu (SHIB), Floki Inu (FLOKI) is meant to be used for real things, not just be a fun thing to talk about.
In time, the cryptocurrency may become a trailblazer when it goes mainstream. As it connects with the metaverse, it may be a leader.
Applications of Floki Inu's (FLOKI) website and white paper show that it can be used for three things:
An NFT-based metaverse game called Valhalla is being made by their team and it will be played with crypto as its main currency source.
FlokiPlace will be used to run an NFT market like many of the recent cryptocurrencies. This is similar to how many of them work.
Floki Inu, even though it did well in the last quarter of 2021, is still mostly used as a speculative currency.
For example, the NFT market or metaverse games have not been used in the real world yet.
If you think this is a bad thing, Dogecoin (DOGE) has shown us that this isn't necessarily the worst thing.
You can now see the Floki Inu logo on the stadium and uniforms of the SSC football club in Italy, which Floki Inu has recently teamed up with.
The fact that this cryptocurrency can be used at Shopping.io and that it has a lot of partnerships with Inverse Finance makes it even better.
However, there are many other ways to buy and sell cryptocurrency. Floki Inu is one of them, but it has risen in value quickly and is safe. And HUH Token has shown incredible potential and isn't afraid to demonstrate its marketing potential.
Buy On HUH Website: https://swap.huh.social/
Buy On PancakeSwap: https://bit.ly/35qgxsy
Buy On Uniswap: https://bit.ly/3g1rRgC
Website: https://huh.social/
Telegram: https://t.me/HUHTOKEN
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.