Solana has reached another record high over the weekend, bringing year-to-date gains up by roughly 17,500%. Meanwhile, new “uitimeme” HUH Token stokes serious interest among investors as it prepares for its launch on the 6th of December.
Solana Rising
Over few days past, Solana’s price crossed above $262 for the first time in history, primarily owing to a crypto-wide price rally that saw other top cryptocurrencies produce similar gains.
Another reason for the increase was the announcement of Solana’s entry into Web 3.0 gaming development via its venture capital arm. The firm announced last week that it would invest $100 million alongside FTX and Lightspeed Venture Partners into the game studios and technology sector.
In doing so the company aims to convince desktop and mobile video game developers to build their projects on its public blockchain.
Investors may also see Solana as a serious contender to Ethereum as the latter is facing network congestion issues, leading to slower transactions and higher transaction fees, called “gas” fees.
Solana claims it can process 50,000–60,000 transactions per second (TPS) for an average transaction fee of $0.00025, whereas Ethereum can only manage 15–30 TPS, with a median transaction cost of between $4 and $21.
Bitcoin Booms
Most cryptocurrencies have received a boost this weekend, with the biggest one of all, Bitcoin, surging again.
As of Monday morning, it was valued at around $65,800, climbing up from just below $63,000 overnight.
Ethereum, the world’s second-largest cryptocurrency, also gained momentum reaching a new record high of $4,765.
One of the many reasons for the recent crypto boom has been the launch of the first US exchange-traded fund (ETF) opening last month, allowing more people to invest. The ETF is also another signal of cryptos becoming more mainstream and widely accepted.
HUH Nation
An exciting new “Utimeme” crypto called HUH Token is launching on the 6th of December. Currently, in its pre-sale stage, the novel thing about this cryptocurrency is its potentially game-changing referral network. Their smart contract contains a referral scheme that is stored and recorded on the blockchain and is decentralized. It 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. When this new investor purchases HUH Tokens using this referral code the person who gifted the code receives ten percent of that purchase as BNB. This purchase is also done at a lower tax rate.
HUH Token will be available on popular crypto exchanges PancakeSwap and Uniswap.
HUH Token’s creators say its pre-launch sales were so overwhelming that it caused a brief crash in its payment systems and the company has since partnered up with NOWPayments to ensure future transactions run smoothly.
It is alleged that HUH Token getting huge followers, in the thousands, all of whom are eagerly awaiting the release of the token onto the open market. At this present time, HUH Token is putting itself through numerous circuit audits to be ensure excellent service delivery.
Creators say that community care is a big part of what they are about and ensure that citizens of their HUH Nation always stand to benefit and receive a great service.
