Baby Doge Coin (BABYDOGE) and HUH Token (HUH) are relatively new cryptocurrencies that have been hitting the headlines recently. HUH Token made a huge statement in January when they had hundreds of influencers all post on Instagram at the same time. This led to a significant increase in the value of the HUH Token. The creators claimed that this move was to show their community the power that HUH Token has.
Baby Doge Coin (BABYDOGE) have recently announced their partnership with Bundesliga football club TSG Hoffenheim to form a promotional relationship. TSG Hoffenheim is one of the oldest German football clubs and was founded 122 years ago in 1899. This partnership will focus on non-fungible tokens (NFTs) and advertising in the club's home stadium. This advertising method will reach a whole new audience for the cryptocurrency.
In a statement, the club said "TSG Hoffenheim is happy to be working together with such an innovative and leading brand like Baby Doge,".
Baby Doge Coin (BABYDOGE) has made a clever decision with this partnership and HUH Token similarly by partnering with all these influencers. They understand that social influence is powerful and a tool that can be yielded to promote their success. This is not the first time cryptocurrencies have made power moves like these, for example, Floki Inu once signed a promotional deal with 10-time Russian Premier League champions Spartak Moscow.
There are more than 15,000 cryptocurrencies in existence as of February 2022. While a lot of these have small followings or almost next to no trading, the industry is becoming increasingly competitive. Thus, there is a strong need to stand out from the rest of the crowd. Baby Doge Coin (BABYDOGE) and HUH Token (HUH) are both standing out in this moment of time as they are creating a powerful presence not only in the crypto-sphere but also in the social media sphere. This crossover will bring in a new generation of crypto millionaires.
Not everyone who gets into crypto will become a millionaire, however, the industry that creates the most millionaires is the cryptocurrency industry. According to a CNBC Millionaire Survey, nearly half of millennial millionaires have at least 25% of their wealth in cryptocurrency. These findings demonstrate a generational divide in wealth creation from crypto. With millennials making money from investments in cryptocurrencies as opposed to more traditional, older investment choices.
It is inevitable that Gen Z'ers will want to follow in the successful footsteps of their millennial elders. However, the crypto game is continuously evolving, and in ten years' time will coins such as Bitcoin become outdated? The rise of meme coins and utimeme tokens such as HUH Token and Baby Doge Coin may take centre stage in the future as they have found a way to permeate through the boundaries of social media.
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