Place/Date: - February 10th, 2022 at 11:04 pm UTC · 3 min read
Loopring (LRC), Monero (XMR) and HUH Token (HUH) will join the rest of the cryptocurrency market in an optimistic outlook for the future of crypto. The worldwide stance on cryptocurrency is consistently changing, and recently some positive news, among other factors, could have led to an increase in the price of many cryptocurrencies.
India recently shared some clarification on the rules regarding cryptocurrency within the country. This means that the nation with the second-largest population on the planet may regain faith in the crypto world. This injection of money into the crypto world could see cryptocurrencies like Loopring (LRC), Monero (XMR) and HUH Token (HUH) increase in market value just as many cryptos have in bullish markets.
Loopring (LRC) is a layer 2 upgrade used to prevent congestion on a blockchain. This is achieved by moving the transaction to another layer and using ZK roll-ups. In simple terms, Loopring (LRC) allows for incredibly speed upgrades and, in theory, supports growth due to the transactions being processed faster.
Loopring (LRC) can be applied on multiple blockchains if desired and not tied to any network. This is a positive sign for those holding LRC as it could increase in value as other blockchains adopt the system.
Monero (XMR) is one of the more popular cryptocurrencies that provide a system that makes transactions private. Most blockchains have a transparent system where everyone can trace payments back to the origin of the coin/token.
Monero (XMR) makes all of its users anonymous by default. This is a benefit that many are interested in. This could be because some cryptocurrencies are leaning towards centralised systems where information is required. Many turned to cryptocurrency to avoid this and have now turned to Monero (XMR) to return to that previous state. As this privacy becomes more valued, Monero (XMR) could see investments propel its project and solidify its position in the cryptocurrency market.
HUH Token (HUH) has broken onto the cryptocurrency scene and made quite the impression as a ‘utimeme’ token. They combine the widely popular meme token craze and provide utility to their future projects. The token will be used in combination with their future projects that are arriving soon.
HUH Token (HUH) has a social media platform quickly approaching and will reward social influencers for releasing engaging content. It seems they will have an algorithm that detects both the amount and type of engagement is received and provide rewards based on this system. This combination offers opportunities for both small and large content creators and, in theory, ensures that high-quality content will be posted as the rewards diminish for poor engagement.
Following an excellent reception to this social media platform, named MetHUH, HUH Token (HUH) could quickly climb to a strong position within the cryptocurrency rankings. This would then reward those who purchased and held onto their tokens before the extra features are released.