Bitrise and OMG Network have increased in market value as October came to a close, and November embraced the currencies with open arms. Cryptocurrencies are becoming ever more popular and deciphering which ones you should buy can be challenging. Luckily, we live in a day and age where we can investigate the market numbers and make informed decisions on our investments. An evaluation of many different currencies, in recent times, indicates that there is often a rise in price soon after release for new cryptocurrencies.
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The part most struggle with is maintaining a strong market price or share of the market. HUH Token has recently announced that it is being released on the 6th of December, with confidence that it can retain a respectable market share after launch.
HUH Token is aiming to produce generational wealth for people who invest in their token. They have recently given everyone more information regarding their progress.
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HUH Token will be a multichain token that will be available on both the Ethereum and Binance smart chain, these established networks will make the token widely accessible for buying and selling. They are currently in the pre-sale stage and investors can seize this opportunity before launch.
Using a unique referral system, investors can generate BNB (Binance) as a secondary cryptocurrency. As those you refer use the referral code, the person who referred them you will receive 10% of their initial investment redistributed as BNB.
Bitrise is used within the Bitrise network in order to complete peer to peer transactions. Bitrise has interlinked the token with their dApp wallet for secure and quick transactions, it also allows users to interact with each other without the need for a third party.
Holding onto Bitrise tokens could be beneficial as they operate a buyback system to burn tokens whenever a sale occurs. This will reduce the overall supply and therefore help maintain a higher market price. Bitrise managed to secure a trading volume of over 2 million in the last 24 hours, which was not the highest we have seen it in the past few days. However, is still a promising currency to watch as it progresses through the month.
OMG Network has its own token that is used for both transaction fees and for staking. Staking is when investors offer their own cryptocurrency assets to assist a blockchain network and confirm transactions.
The amount of OMG Network tokens in supply is capped at approximately 140 million, and therefore the supply is capped and creates scarcity in the market. This will increase the value of each token as the supply continues to be claimed. Their community is developed using OMG Tokens and their staking system, by providing those tokens members of the community receive dividends after a small service fee which is a large incentive to many.
Bitrise and OMG Network have both had strong starts to November, despite a slight decline in Bitrise. Will the end of their month be as strong as the start? Investments in these opportunities after their spike could be risky, as dips normally follow spikes. However, this could be the beginning of a steady climb.
HUH Token is another opportunity that investors should consider as it can generate additional income through referrals alone, regardless of its performance. In addition to the fact that new currencies tend to draw the eyes of investors and this can result in a spike in price that investors would be excited to see.
Follow HUH Token on their Socials before they Launch:
Website: https://huh.social/
Presale: https://huh.social/presale/
Telegram: https://t.me/HUHTOKEN
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/
