Kadena, Filecoin, and HUH Token are cryptocurrencies that serve different functions on the market. The main points of this article will be:
- Investigation of Kadena, Filecoin, and HUH Token.
- Reasons to purchase Kadena, Filecoin, and HUH Token.
- Kadena and Filecoin price examination.
- Questioning if HUH Token could match or exceed performance.
Kadena has its own blockchain and the Kadena token is the native currency for that blockchain. As a native token, it is used to compensate those who are willing to mine blocks on their network. Without an incentive, no one would mine the blocks and the entire system would fail. These tokens are then used to pay transaction fees that allow users to have their transactions included on the Kadena blockchain.
Kadena claims that their blockchain is the only layer 1 proof of work blockchain, along with Pact, that can be scaled compared to other blockchains. In addition to this, they boast that Kadena has a similar level of security as Bitcoin, uses next to no gas, and has well-made smart contracts.
Kadena’s token is contingent on the success of the Kadena blockchain, if they become popular and demonstrate the scalable power they promote, they could be a worthwhile investment for those who are prepared to bet on the Kadena blockchain generating attention.
Filecoin is a community-owned cryptocurrency that aims to use its blockchain technology to facilitate a cooperative digital storage and retrieval system. Filecoin has stated that it aims to store the most important information to humanity. Filecoin’s cryptocurrency is used for transactions on the blockchain, the blockchain is based on proof of replication and proof of space-time.
Filecoin allows users to rent out any available storage space that they may have. The entire storage system is decentralized, anyone with available space can participate. Its decentralized nature provides security for its users, as there is no single point to attack, data is more difficult to compromise.
With the ever-increasing need for storage space in the current virtual world, it can be seen why Filecoin could be an attractive long-term investment for many. The more people who begin to volunteer their storage space, the more available space there will be. This could stop the development of new unnecessary storage systems as there is plenty of space available on current unused devices.
HUH token is unlike Filecoin and Kadena, in that it has not been released onto the public market yet. HUH Token is still on the pre-sale stage and is set to release on the 6th of December 2021.
As a newcomer to the cryptocurrency market, its performance is down to speculation. With this being said, HUH Token has shared some incredible features that could result in a profitable venture for many investors.
HUH Token offers a unique referral code to those who link their wallets using the HUH Token website. The public can use these codes to invite others to invest and then benefit when they do. Once someone has been referred, the person who referred them will receive 10% of their first purchase in BNB (Binance). The referral can be shared indefinitely, therefore the amount of BNB you can generate is also uncapped.
In addition to this, holding onto HUH Token can generate advantages. Those who have purchased the tokens will benefit from anyone buying and selling it, a small portion of all buys and sales will be distributed to all HUH Token holders. Thereby increasing the value of your overall portfolio if trading volume is high.
Kadena and Filecoin have had different experiences on the market in the past 7 days. Kadena has had an excellent start to the month, their cost per coin increased by over 3x in the past week.
Filecoin has had a slightly more difficult start to the month sitting at $62.96 compared to the second of November when it was $66.42. At one point, Filecoin fell to below $50 but has since begun recovering.
HUH Token’s release is imminent and has many investors excited to dive into what could be the next big investment opportunity. With features that are desirable by investors worldwide, HUH Token could produce exciting amounts of profit to those who managed to get on board early enough.