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Cryptocurrency has seen a significant surge in popularity in recent years and this has led to a saturation of the market. With so many tokens and coins all battling it out to get on top, their creators are looking towards the heavyweights of cryptocurrency in the hopes that they can achieve the same heights. There are a few select cryptocurrencies that sit comfortably at the top, and one of them is Dogecoin, which has been around since 2013. However, Dogecoin’s position at the top is now threatened by a new cryptocurrency, HUH Token. But who will end up with the win?
In The Red Corner: DOGECOIN
Dogecoin was created as a ‘joke’ in 2013, by software engineers Billy Markus and Jackson Palmer. What was once created to mock the cryptocurrency world quickly turned into a serious investment prospect. One of the main causes for Dogecoin’s success was the influence of Elon Musk, who has tweeted about the cryptocurrency multiple times. He once tweeted ‘Who let the Doge out,’ and ‘No highs, no lows, only Doge.’ Every time Mr Musk posts about Dogecoin, the price rockets, and his tweets have inspired many other celebrities to share his tweets and memes focused on Doge, including Soulja Boy and Snoop Dogg. With such a strong social media presence, there’s no denying that Dogecoin is a heavy hitter. However, the crypto certainly has its weaknesses and HUH Token knows exactly where to hit them.
In The Blue Corner: HUH TOKEN
HUH Token is a newly released cryptocurrency that has entered the game all speed ahead. One reason why HUH Token is generating a lot of attention is its unique and easy to use referral system. The creators claim on their website that they have developed a way for investors to earn extra income passively through a unique referral system. The idea is that if you refer someone, you then get 10% BNB from their first purchase. If the person you refer goes on to refer someone else, you also get 2% of that person’s purchase. The rewards don’t stop there, as you both receive a discount sales tax from 20% to 10%.
This referral system has the potential to provide big blows to Dogecoin, as this is a feature that is going to draw investors away from Doge and towards HUH Token. What’s more, the creators want to ‘challenge the status quo and create a source of income for everyone’. So, anyone who wants to invest can do so. This will make HUH Token an attractive choice to first-time buyers, and with so many new investors emerging on the scene, this could be the final blow to Dogecoin.
Who Will Take the Win?
At this moment in time, we should remember that all predictions are speculative. HUH Token have talked a big game for themselves, and whether they can deliver or not is a different story. However, if HUH Token can stick to its ambitious roadmap, then it could be a straight knock-out for Dogecoin.
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