The year 2022 has been a difficult year for crypto buyers. It has been one of the most daunting and frustrating times as many high-profile crypto networks have plummeted in value. Crypto giants such as Bitcoin (BTC), Terra (LUNA), Solana (SOL) and Ethereum (ETH) all suffered during the bear market.

Despite this, the popularity of crypto has never been higher, with an approximate 295 million crypto owners existing at the end of last year. HUH Token (HUH) is an upcoming meme coin that plans to elevate the capabilities of blockchain technology. This editorial will discuss the value of Ethereum going up and its significance, along with HUH Token's strategy to succeed in an oversaturated market.

What Will Attract Influencers To HUH Token?

As already mentioned, HUH Token is a meme coin that plans to power the push for wider crypto adoption. One of its primary goals is to get the attention of high-profile influencers who can help promote the platform to a higher trajectory – aiming to reach 1,000 influencers by the end of this month. This number plans to increase by the end of the year, aiming to reach 50,000 influencers to post about HUH.

There is a specific person that HUH is trying to reach, and that is entrepreneur Elon Musk. The new blockchain network has set aside 20% of its tokens in a charity wallet for Musk, encouraging their website visitors to inform him via Twitter about HUH Token. If Musk does not want the tokens, HUH will donate its coins to male suicide prevention conservations.

It is a decentralised open-source network that aims to be the social blockchain for creators, users, and consumers. The crypto project provides participants with the necessary foundations to construct censorship-less and free space that anyone can use.

HUH Token also wants to solve the issues that currently exist within the world of cryptos such as scalability issues, expensive costs and slow transaction speeds. The network does this by employing the most innovative consensus system in crypto, which is proof-of-stake. This consensus enables transparent, successful and instantaneous transactions within the HUH ecosystem.

Although HUH emulates Ethereum's innovation, it differs significantly from it in many ways. HUH combines the satirical nature of meme coins with the functionalities of a utility token – leading to the creation of the world's first 'utimeme' cryptocurrency.

Ethereum Rises As Upgrade Approaches

Ethereum (ETH) has been one blockchain network that has been inconsistent in value and market cap over the past couple of months. However, the price of the ETH currency rose to a two-month high on 11 August 2022, outperforming its rival Bitcoin after the Ethereum network ran the first test of its upgrade.

This upgrade is known as 'Ethereum 2.0', which sees the blockchain network transition from a proof-of-work consensus to using the proof-of-stake mechanism. The upgrade may come to fruition by September 2022. Overall, Ethereum has surged approximately 67% since the digital prices plummeted in June.

Ethereum is known as the second most successful cryptocurrency on the market. It was founded in 2015 by a total of eight people, an unusual number for crypto founders. Two of the network's most prominent founders are programmers Gavin Wood and Vitalik Buterin.

ETH is responsible for pioneering the concept of blockchain networks using smart contracts – computer programs that automatically execute necessary actions to fulfil an agreement between multiple parties online. This computer program has helped reduce transaction costs and increased its reliability.

More information on HUH Token (HUH):

Swap: https://swap.huh.social/ 

Website: https://www.huh.social/  

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Why Is HUH Token Blowing Up On Social Media, And Is It The Next Binance?