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Despite a cumulative return of 300% since the start of the year, Polkadot (DOT) appears to have been overlooked in recent months as new blockchains such as Avalanche (AVAX) and Terra (LUNA) have taken center stage. Likewise, HUH Token, which has climbed over 6,000% since launch, was also lost in the noise after the December flash crash. But these two cryptos could offer their best buying opportunities yet and both may be perfectly positioned for a great 2022.
While Polkadot’s 300% cumulative return is not to be deplored, networks like Terra and Avalanche have captured the imaginations of investors with cumulative returns of 100x and 25x, respectively. Polkadot is down nearly 50% from its all-time high in November as the global crypto market sold off.
Cryptocurrencies frequently experience price and interest spikes when investors see tangible examples of real-world adoption or when companies announce coin acquisitions.
Polkadot could see a similar boost after news that Europe’s largest telecommunications company Deutsche Telekom has invested a “significant” amount in DOT. The telecommunications giant will actively participate in the Polkadot network by running validators there. Validators confirm transactions on proof of stake blockchains and are rewarded for their participation, in this case with an additional DOT. This growing involvement of the $ 90 billion telecommunications company demonstrates its confidence in Polkadot’s technology and its intention to develop it as part of its business in the future.
The number of developers on the DOT blockchain has more than tripled in the past year, from around 2,600 to almost 10,000. Polkadot’s codebase dwarfs all previous years combined in 2021, founder Gavin Wood estimates that 2 million lines of code have been written, up from 600,000 at the start of the year.
Why is this important? Developers are drawn to thriving ecosystems where they perceive value, and they respond by creating new products and features that benefit the network. Having a strong developer community thus becomes a self-fulfilling prophecy. When investing in a cryptocurrency project, you want to invest in assets that implement improvements and new use cases, not coins that exist purely on the hype and will ultimately fail.
Solana, which went from relative obscurity to arguably the most important blockchain outside of Bitcoin and Ethereum in 2021, saw the number of developers working on the platform double the year before in 2020, so the Tripling the number of Polkadot developers bodes well for the next year.
By the end of 2021, Polkadot was eclipsed by more recent assets such as Solana and Terra. Rapid development, a strong and rapidly growing developer community, and growing real-world adoption by businesses are all expected to help make 2022 a banner year for Polkadot.
HUH token (HUH)
Likewise, HUH Token has a remarkable YTD yield of over 1000%. HUH Token released on PancakeSwap on December 6 and jumped over 6,000%, but following the widespread crash in the crypto market since early December, it got lost in the noise as suspicious investors took a negative stance. on cryptos in general.
But as mentioned before, wild swings are common in the crypto market and positive news around the crypto market seems to be gaining momentum, with large companies such as JP Morgan recently announcing that they believe Bitcoin will hit. $ 100,000 over the next 5 years.
HUH Token is perfectly positioned in a very niche part of the cryptocurrency market and is building something that no other crypto is doing. HUH Token aims to facilitate tokenization and therefore monetization of influence and content creation.
We live in a world where content and information are consumed constantly and quickly, due to the global reach of the Internet. Cryptocurrencies are now a natural extension of the global internet revolution and while content creators and influencers may find it difficult to monetize their intellectual property, likeness and image, blockchain and the HUH Token plan to bridge this gap. gap.
Just look at the huge numbers surrounding NFTs in 2021 and the millions of dollars spent on digital yachts, metaverse plots or artwork, and the picture of this still fledgling billion dollar industry. dollars begins to emerge.
HUH Token has partnered with thousands of leading social media influencers, artists and content creators to create an ecosystem that allows these people to be paid for their intellectual property. HUH plans to use NFTs and a proprietary platform called Met-HUH-verse to create and improve value for content producers and influencers. All the details are described in their white paper. These one-of-a-kind Creator Tokens provide increased access to the Creator, allowing artists and fans to process large sums of money quickly and securely.
HUH currently has over 15,000 holders, and with additional listings on Uniswap and other exchanges on the horizon, the continued growth of the token will increase demand, causing the price to rise.
According to its creators, on January 19, hundreds of influencers will start posting about the token on Instagram and Twitter, which should also benefit the prize.
Learn more about the HUH token here:
HUH Official Exchange: https://swap.huh.social/