SafeMoon’s New Update Could Spark Price Surge, While HUH Token Shoots For The Stars
After the recent slowdown in pricing of the cryptocurrency, SafeMoon is announcing a new upgrade that they are calling SafeMoon V2. This has prompted renewed interest from investors in the cryptocurrency. In the meantime, a new meme cryptocurrency known as HUH Token is attempting to go for the stars.
Coming out of its retrograde position, SafeMoon
Due to the fact that the price of SafeMoon has been moving in a horizontal direction for the past four months and that it did not participate in the recent cryptocurrency boom that saw Bitcoin and Ethereum hit record highs, the SafeMoon V2 update could not have come at a better moment.
However, in an effort to turn things around, SafeMoon has released a new upgrade that, according to the company, improves quality, accessibility, security, and the speed at which transactions are processed.
Another encouraging development is that crypto wallet provider SafeMoon released their product on October 28 for devices running iOS and on October 7 for devices running Android. The official Twitter account for SafeMoon stated that “the wallet acquired about 500,000 downloads in just under 50 days.”
According to CoinMarketCap, the price chart of SafeMoon is starting to predict a bullish future for the cryptocurrency as it begins to shift upwards. This is in addition to the fact that these two updates strengthen the fundamentals of SafeMoon.
After reaching a new all-time high on May 12 at $0.00000966, the price of SafeMoon plummeted over 88 percent over the course of the following four months.
On the other hand, since September 28 it has been gaining momentum, and at the moment it appears to be reversing its downward trend.
If SafeMoon is successful in challenging and breaking over its resistance ceilings located around $0.00000774 and $0.00000915, then it is likely that the cryptocurrency will go for its all-time high located at $0.00000966, which would indicate an increase of 150 percent.
However, SafeMoon needs to maintain its position above the support floor of $0.00000377. If it does not, the price might drive it down to the next barrier, which is located at $0.00000310.
HUH Token aims for the moon and the stars.
HUH Token is a new meme cryptocurrency that promises to capture people’s imaginations as well as provide solid functionality. It will be debuting on the 6th of December, which is just in the middle of the crypto Christmas frenzy, so it couldn’t be better timed.
But HUH Token wants to be more than simply another meme token, so it’s launching a one-of-a-kind referral system with the intention of encouraging generational prosperity. In addition to this, it enables holders to generate two distinct streams of money that are not dependent on one another. A participant in the referral programme will be given a referral code, which they will then be able to offer to another participant in the programme. When another customer uses that code to make a purchase, the person who referred that customer will receive a 10% credit on their own future purchases from the customer who used the code. This link can then be passed on from owner to owner, with each subsequent owner receiving a referral code that can be used to generate passive money for the link’s holders.
As can be seen, this token, which refers to itself as “Utimeme,” is simultaneously a utility token and a meme token. As a result, it is developing the potential to launch a genuine moon shot.
In an apparent effort to reproduce the social media frenzy produced by cryptocurrencies such as Dogecoin and Shiba Inu, which led to significant increases recently, it is rumoured that HUH Token has signed on more than 3000 major social media influencers to promote it. This information comes from a rumour. Meme coins often require a strong community to drive them, and if the rumours about HUH Token are accurate, then the company may have found the ideal recipe for creating hype in the cryptocurrency market.