Mastercard has formed partnerships with digital asset service companies across the Asia Pacific to obtain crypto-linked Mastercard debit, credit, and prepaid cards. Meanwhile, Cardano surged over 18% on Tuesday as it breaks through previous resistance levels. Finally, the new meme queen HUH Token announces its launch on the 6th of December.
Mastercard crypto
Mastercard has recently announced that cardholders in Asia Pacific regions can now easily convert their cryptocurrencies into a traditional fiat currency that can be spent everywhere that Mastercard is accepted.
This is another huge step for the cryptocurrency market, which has already seen record highs this week. Mastercard’s announcement could be a precursor to similar offerings being launched in other regions, which would undoubtedly further beef up the cryptocurrency market.
According to Mastercard: “45% of those surveyed in the Asia Pacific said they are likely to consider using cryptocurrency in the next year, and 12% said they used crypto in the last year”.
Cardano builds momentum
Cardano surged over 18% on Tuesday, outpacing Bitcoin and Ethereum, as it tests a big resistance level that, once surpassed, could signal further gains for the cryptocurrency.
According to CoinMarketCap, Cardano is testing an almost 3-month long resistance level at $2.30. Once surpassed, the price could see a move to test previous highs at $2.75 and $3:
Cardano has largely been left out of the recent crypto bullishness, which might have been due to consolidation after a price surge in August, linked to a tech upgrade that added smart contracts.
It remains to be seen whether Cardano’s run will be sustained, it still has lots of catching up to do after missing out on the October boost seen in Bitcoin and Ethereum.
Bitcoin is up some 57% since the start of October and, Ethereum has gained around 48% in the past five weeks, whereas over the same period Cardano has lulled comparatively. After this morning’s rally, Cardano is up only 3% since the start of August.
Dogecoin moving sideways
Dogecoin’s price has been slowly rising higher for several days now and is on the verge of a possible breakout towards $0.40. However, the cryptocurrency is facing a big resistance level at $0.35:
Dogecoin’s price is seeing some uptick in buying volume. Dogecoin’s Relative Strength Index (RSI) is back towards 50 after coming down from an overbought area. Once the RSI starts making its way lower into oversold levels, bulls may be eager to start entering again and reclaim the monthly pivot at $0.27.
HUH Token – the new meme queen?
Looking at new upcoming cryptocurrencies, HUH Token is new meme crypto that plans on rivaling the likes of Dogecoin. HUH Token is rumored to already have 3000 top social media influencers behind it, meaning that it could drive its value through community, much in the same way that Shiba Inu and Dogecoin achieved their popularity.
However, HUH Token’s creators say they want the crypto to be more than just another “meme” token and have dubbed it a “Utimeme”, combining the words utility and meme.
The novel thing about this cryptocurrency is its potentially game-changing referral scheme. That thing works by giving investors who purchase HUH tokens for the first time a unique code. This code can be given to any new potential investor and when this new investor purchases HUH Tokens using this referral code the person who gifted the code receives 10% of that purchase. Meaning that if investors hold on to the token, they could continuously earn passive income.
HUH Token will be available on popular crypto exchanges PancakeSwap and Uniswap from the 6th of December.
