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Decentraland (MANA), Fantom (FTM), and HUH Token (HUH) have shown signs of recovery from a downwards trending cryptocurrency market. This growth could be short-lived due to the current situation of the market.
However, cryptocurrencies seem to be shifting away from the meme currencies of the past and towards projects with use cases with prospects. Decentraland (MANA), Fantom (FTM), and HUH Token (HUH) are all providing that opportunity according to their own announcements and the news surrounding their crypto niches.
HUH Token (HUH)
HUH Token (HUH) is a wealth-generating token that uses its smart contract to distribute additional tokens and Binance coin (BNB).
The smart contract accomplishes this through a referral system that rewards those who invite others to buy HUH Token (HUH). If the referred person purchases the token, the person who referred them will receive 10% of that purchase in Binance coin (BNB).
HUH Token (HUH) is soon releasing the first version of its social media platform called the MetHUH. This platform will allow social media influencers to earn cryptocurrency through posting high-quality content. The rewards are based on the interactions between the content creator and the users on the platform. This allows influencers of all sizes to benefit from this platform.
HUH Token (HUH) also has many links with traditional social media influencers and has recently demonstrated this to the cryptocurrency market. HUH Token (HUH) had 500 influencers post about their token and the results speak for themselves. From the announcement regarding the influencers and the actual posts, HUH Token (HUH) saw an approximate 70% increase in market price.
HUH Token also stated that this was a small percentage of the influencers they are in contact with and have plenty more. Extrapolating the data available, if the number of influencers was multiplied by ten and the returns also reflected this, holders could see a 700% increase in value for any HUH Token they are holding.
Fantom (FTM) is a blockchain that promotes itself as one of the fastest and cheapest around. Fantom (FTM) uses proof of stake instead of the traditional and increasingly unpopular proof of work system. Another significant selling point of Fantom (FTM) is that developed Ethereum DApps can be easily ported to the Ethereum (ETH) blockchain.
Fantom (FTM) is one of the front runners among Avalanche (AVAX), Solana (SOL) and Cardano (ADA) for a potential Ethereum (ETH) competitor. Regardless of if this happens, Fantom (FTM) is still one of the more popular networks that continues to attract more developers and customers who are deterred by the high gas fees of other networks.
It has also claimed to be the eco-friendliest blockchain in the world currently. This is a large selling point to many as some believe that proof of work and other energy-consuming methods are not sustainable and will present issues in the future. They also argue that this will continue as they scale.
Decentraland (MANA) is the native token for the metaverse that the team have created. This is used to purchase LAND and LAND is an NFT that defines who owns which section of land in the metaverse. This LAND can then be sold or traded however the user decides. The software runs on Ethereum (ETH) and is one of the leading metaverse projects available on the market.
Decentraland (MANA) recently collaborated with one of the largest technology companies in the world, Samsung. Samsung opened a temporary store within Decentraland (MANA). While the store is temporary, the significance of the event was clear to investors. More giant corporations are beginning to find ways to integrate themselves into the cryptocurrency community.
Decentraland (MANA) has risen by just under 30% in value over the last few days and is a good indication that the project is recovering from the worldwide market dip. It will still be hoping for a bullish market to return to its former high value but failing that, its long term goals seem in line with where the crypto world could shift.
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