VeChain (VET) up 5% and HUH Token (HUH) exceeds 15,000 wallet holders to start 2022 well
VeChain (VET) up 5% and HUH Token (HUH) surpasses 15,000 wallet holders to start 2022 well
by Analytics Insight
January 6, 2022
VeChain and HUH tokens recover from late 2021 declines in the market
It is widely predicted that 2022 will be a huge year for cryptocurrency. As of January 5, the global market capitalization was $ 2.24 trillion, an increase of 0.11% from the previous day. December 2021 saw significant declines in the market. No coin was immune, from market leader Bitcoin (BTC) to the top 50 tokens such as VeChain (VET) and relative newcomers like HUH Token (HUH). With a new year comes new opportunities, and the crypto market has rebounded from some of the December lows.
VeChain was launched in 2015 and is software aimed at enabling better relationships between businesses. They do this by monitoring and improving supply chain management, as well as the efficiency of data transfer. VET is what helps make this viable and the token that enables changes to be implemented. VeChain also gives businesses the ability to launch new decentralized applications (dapps).
One real application of VeChain software, and by extension of VET, is to help track the entire supply chain process. Blockchain technology can also be used to help validate the authenticity of items and products. This is a highly desirable asset and as a result VeChain is already used by some of the most successful companies in the world.
Walmart uses VeChain to track where and how its products were grown or stored, as well as how they were transported. BMW wants to prevent odometer fraud in the cars they sell, and VeChain is helping them do that. LVMH, the conglomerate behind Louis Vuitton, Givenchy and Marc Jacobs, has used VeChain to track some of its luxury leather goods.
At the time of writing, the PSE is at 0.09195, up 6.72% in the past 24 hours. Since the start of the year, VeChain has been on a steady upward trajectory. Part of this could be due to news from VeChain. Their Twitter account hinted at the release of a new stable coin called VESD. According to VeChain, this will contribute to the ânew wave of massive blockchain adoption.
HUH Token (HUH)
HUH Token launched on December 6, 2021 and in less than a month has caused quite a stir. Its launch saw an increase of over 6,000% and, despite the December drop, rebounded in early 2022. It is currently at $ 0.00007395, up 26% from New Year’s Day.
HUH Token is an “utimeme” coin. It attempts to combine the fun and popularity of even parts with the applications of utility parts. HUH already has a strong community and a strong social community, and the HUH Nation will only get bigger over time. The smart sponsorship system helps both build the strength of the community and benefit its holders. Existing cardholders receive 10% of the first investment of any new cardholder they recommend. In addition, there is no limit to the number of people a HUH holder can refer.
HUH has big plans. The white paper and the corporate roadmap are both realistic and ambitious. Stage 1 of the roadmap is nearing completion, adding further credibility to HUH’s rapid growth. HUH Token will launch on Uniswap on January 6, 2022 and in doing so will become a multi-chain token.
Additionally, on January 19, hundreds of influencers will show their support for the HUH token on Twitter and Instagram. HUH’s own credentials are solid, and utility is not far behind. At the end of January, there will be a drop in NFT for presale users. This will be the start of the HUH social media marketplace. Announcements on more and more platforms are being discussed in the coming weeks. 2022 looks to be an exciting year for VeChain and HUH tokens.
Learn more about the HUH token here:
HUH Official Exchange – https://swap.huh.social/
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