Latest Fantom News
Jan 13, 2022
Avalanche and HUH Token are attracting several investors after its massive success. Avalanche and HUH Token continue to excite buyers worldwide as they continue developing their long-term project goals. The cryptocurrency market may have had an unfortunate end to 2021. However, the overall gains throughout that year were beyond many people’s beliefs. This leads many to believe that 2022 could also be a promising year for cryptocurrencies. The increasing amount of alt tokens gaining popularity shows that a wider variety of cryptos are becoming successful, not just the giants like Bitcoin and Ethereum. Avalanche and their token AVAX will have to compete with other blockchains that are also becoming increasingly popular. Fantom is one of the major competitors for a higher position among the most popular blockchains providing lesser fees than the likes of Ethereum. Ava Labs have aided avalanche’s blockchain development, and its president firmly believes that the Avalanche platform will continue to increase in popularity throughout 2022. Recently, Fantom experienced a surge in popularity, and many in favour of Fantom also agree that more developers will use their platform as the crypto world develops. The president of Ava Labs also stated that the popularity of DApps was increasing on the Avalanche network and shared that there are currently over 500 DApps available and another 200-300 that are in the integration stage of development. This demonstrated that despite a wide choice of blockchains, these developers are choosing Avalanche, and as its popularity increases, the corresponding AVAX coin will also appreciate. HUH Token launched in December of 2021 and therefore is a new token compared to some of the titans in existence. However, HUH Token presents a new opportunity for those looking to join projects in development to receive the highest percentage rewards possible. Joining some of the top cryptocurrencies always runs the risk of an investor buying at the peak, meaning that the asset could have reached its maximum value and will depreciate over time. Newer projects with goals in the future will often have a lower price point to join, and then as the projects develop and are released for the public, the price of the token becomes much higher. HUH Token’s larger project is to develop a social platform that will be available to everyone. The platform is called MetHUH. It is currently in development, and new information will be revealed as the project takes shape. These revelations could cause price increases if the public likes what they see. The platform will encourage usage with a reward system. The native currency, HUH Token, will be distributed based on the content creator’s engagement. The system will be able to differentiate between different types of engagement. This concept is an interesting one to explore, and providing rewards should allow content creators of varying sizes to interact with their communities in a new way and see financial improvements over traditional social platforms. Avalanche and HUH Token will be hoping above all else that cryptocurrency uptake is even higher in 2022. Hopefully, this will lead to a larger uptake in their projects and allow them to climb the crypto rankings to a higher position.