A new year brings new possibilities for the cryptocurrency market. There were over 16000 cryptos in existence at the start of 2022. However, it can be hard for both new and existing investors to navigate the coins to buy, sell, and hold. Before the current optimism of the new year was a considerable slump. December 2021 saw a big dip for almost every cryptocurrency, from Ethereum (ETH) to Ripple (XRP) to HUH Token (HUH).
The start of 2022 has seen many coins rally and gain ground back that was lost in the final part of 2021. HUH Token, for example, has risen 27% from its New Years Day low. However, for some cryptocurrencies, the downtrend has been part of a larger pattern and for outside reasons. The most notable of these is Ripple (XRP).
Ethereum is the second-most-popular cryptocurrency and enjoyed a good year in 2021. It hit a new all-time high of over $4800, and its price increased by more than 350% throughout the year. This could partly be due to the huge leap in performance of the market in general, as more and more people became involved in cryptocurrency. Its usage for the exploding NFT market also cannot be ignored.
2022 could be a huge year for Ethereum. The transition to an upgraded ETH 2.0 is scheduled for Q1 of 2022, and with testing being well underway, it looks as though it will finally be implemented. This could and should provide ETH holders with a considerable boost.
Something to watch out for could be the cryptocurrencies dubbed "Ethereum killers." Coins such as Cardano (ADA) and Solana (SOL) also surged in 2021. Some believe they aim to bring down ETH, but others claim a more collaborative approach could be more successful.
Ripple had a very volatile year in 2021. It rose over 800% at the start of the year, from $0.21 to $1.80 in January of 2021. Since then, it has been up and down whilst its court case against the Securities and Exchange Commission rolls on. Its proponents claim it has been unfairly targeted, whereas the SEC allege that Ripple executives sold $1.3 billion of XRP, which the SEC labelled an "unlicensed security."
There could be a massive breakout if, at some points, it has seemed like a big if, to XRP holders, Ripple can either beat or settle with the SEC in 2022. Jeremy Hogan, a lawyer who is part of the Ripple community, believes the case won't extend beyond April 2022. However, should the case end in the early part of the year, XRP should be re-listed on the leading cryptocurrency platforms. If this was to happen, experts predict a sharp rise in the price of XRP, up to $3 and beyond. Victory in court would also set a precedent as the first for a decentralised exchange against a central authority.
HUH also rewards holding for long periods; a small percentage of each transaction is shared amongst holders.
HUH Token is only a month old, and in that short time has already come a long way. In its white paper and its roadmap, it has laid out its grand ambitions. After January the 6th, HUH will be listed on Uniswap. HUH Token has been labelled the first "utimeme" coin; a utility coin with the popularity and fun of a meme coin. The team behind HUH has its eyes on even more rapid growth in 2022, with hundreds of influencers on board in an attempt to showcase HUH's unique features.
Chief among these is the intelligent referral system, which gives existing holders 10% of the first investment of anyone they recommend HUH Token to. HUH also rewards holding for long periods; a small percentage of each transaction is shared amongst holders.
Learn More About HUH Token Here:
Website: https://huh.social
HUH Official Swap- https://swap.huh.social/
Telegram: https://t.me/HUHTOKEN
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/
(Disclaimer: This is a sponsored article and includes some commercial links.)