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4 Reasons To Invest In Cryptocurrency – NewsGram

NFTs (Non-Fungible Tokens) are an intriguing and powerful component of the crypto realm. A handful of other cryptocurrencies, WOOF Token, Dogs of Elon, and HUH Token, are using this interesting utility. Relying on the power of NFT’s to help bolster their investments.

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Non-Fungible Tokens, or otherwise known as NFT’s, are unique units of non-interchangeable data that are stored on a blockchain. These tokens can represent almost anything, from photos, digital art, GIFs, and even housing. These things get allocated with unique data and then are shown on the blockchain, which displays as a certificate of authenticity and a verifiable account of ownership. Owning an NFT means that you only have rights to the original code tagged to the item, and any copy of that file can be shared freely.

Ethereum was the first to start an NFT system in 2015. Interest in this new area grew rapidly with the ever-growing interest in crypto. NFT investment has risen substantially, especially in 2021 where sales went past two billion dollars, nearly 20 times as much as 2020’s estimation.

In the last couple of days, The Dogs of Elon (DOE) have had a trading volume of around $18,894,559, rivalling that of big names such as Akita Inu and Baby DogeCoin, according to

Inspired by CryptoPunks, DOE wanted to bring the dog memes to the NFT market. Understanding the incredible, and frankly odd, power of meme coins, The Dogs of Elon wanted to ride that trend. They seem to have investor safety in mind as their Smart Contract has been audited By Certik. There are also plans for donations to Animal Charities in phase 2 of their roadmap, a refreshing ethical move.

Also Read: Solana and the Dogs of Elon WOOF- Is HUH

Another similar cryptocurrency that is using NFTs is the WOOF Token.

HUH Token

These currencies that are spoken about here, on the other hand, are laying the groundwork for billion-dollar investments in the future.

WOOF Token allows anyone who uses Solana to buy or put up for sale NFTs with reasonably low transaction fees. Anyone can sell an NFT on the WOOF market, and they can place any price in WOOF tokens their heart desires.

Solana, the cryptocurrency that works with WOOF Token, is known for its extremely quick blockchain processing times. It works by using a hybrid protocol, allowing for the smart contract to be validated and executed faster than the standard way. It’s speed alone caused it to gain over seven hundred per cent in value of July of this year. A large majority of their success can be attributed to the rise of interest in NFTs.

An interesting and new token that is about to enter the market on December the 6th is HUH Token. It’s main aims and goals are said to be accessibility, profit security, and generational wealth.

The most interesting aspect of this cryptocurrency is its potentially revolutionary referral smart contract, which will release on December the 6th. This referral plan is included inside their smart contract, which is maintained and recorded on the blockchain and is thus decentralised.

A unique code is issued to investors who acquire HUH tokens for the first time, and this is how it works:

It is possible to offer this code to each new prospective investor. This means that when this new investor acquires HUH Tokens using the referral code that was given to him or her, the person who gave the code earns ten per cent of the purchase price as BNB, and the transaction is made at a reduced tax rate. This new investor is then given a new referral code, which they may use to send along to other prospective investors in order to earn the ten per cent commission.

This perpetual, billion-dollar, community-led concept has the makings of something quite impressive. With rumours of a substantial social media influence, could this be the next Shiba Inu?

Follow HUH Token on their Socials before they Launch:






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