Cardano, which is now rated #6 on CoinMarketCap, is a promising cryptocurrency to invest in. ‘Who Wants To Be A Millionaire?’ is a long-running television show that many are likely familiar with. However, with the massive increase in cryptocurrency investors, it appears that more and more people are interested in becoming crypto millionaires. This leads us to two distinct but potential cryptocurrency options: Cardano, which has been around for a while, and HUH Token, which will be released soon.
Is It Possible For The ‘Everyman’ To Become A Crypto Millionaire?
Because they are a “small-time investor” or believe they do not know enough about cryptocurrencies in general, some people reading this article may be tempted to dismiss the possibility of becoming a crypto millionaire. Yes, it is pretty unlikely that you will become a crypto king if you buy $5 in a random cryptocurrency on a one-time basis. However, a common misunderstanding is that potential investors believe they must invest at least $50,000 to hope for returns in the hundreds of thousands, millions, or even billions of dollars. Shiba Inu is a good illustration of how the typical investor may make this kind of money. If you had put $100 into Shiba Inu on its first day, you would have around $14 to $15 million today. These are tremendous statistics, and they were achieved over 15 months, from launch to peak pricing.
So, you might be sitting there right now with $100 in your pocket, wondering what cryptocurrency will be the next to turn your $100 into $1,000,000.
Should You Put Your Money Into HUH Token or Cardano?
Answering questions like the one above might be challenging at times. Cryptocurrency is a continuously evolving game that has been compared to gambling because of its high risk and compelling nature. So, it’s crucial to emphasise that we’ll be employing market research to address this question, but a lot of it will be guesswork and estimation. Cardano is a proof-of-stake blockchain platform whose purpose is to empower “changemakers, innovators, and dreamers” to positively impact the world. Furthermore, the open-source project promises to be able to:
“Redistribute power from unaccountable systems to the margins to individuals” to help build a more safe, transparent, and equal society.
Cardano’s live price is $2.10 USD at the time of writing (11/11/21), with a 24-hour trading volume of $3,363,121,789 USD. Cardano has also dropped 2.16 per cent in the last 24 hours.
The HUH Token will be released on December 6, 2021, and will be available on UniSwap and PancakeSwap. The inventors claim to have created the world’s first ‘Utimeme’ cryptocurrency, which combines meme and utility features. HUH Token, although being a new cryptocurrency, has already demonstrated its enormous potential.
HUH Token makes use of blockchain technology to give everyone a shot to earn one-of-a-kind rewards. On their website, the designers of HUH Token claim to have created a unique revolutionary referral system that allows investors to make extra money passively. The idea is that if you refer someone, you will get 10% off their first purchase. In addition, the referee will save money on sales taxes because they will be cut from 20% to 10%.
According to its creators, the HUH Nation is not an exclusive club open solely to the wealthiest investors. Unlike certain cryptocurrencies, HUH Token aims to be a more approachable and understandable cryptocurrency for the average investor. So, even if you only want to start with a small investment, you will likely be able to benefit.
High Reward, High Risk
When people initially started investing in Bitcoin and Dogecoin, they were sneered at and warned it was a waste of money. Many years later, the value of both of these cryptocurrencies has reached unthinkable heights, making this a totally different narrative. While it may be tempting to buy in something you already know, such as Cardano, investing in something fresher is likely to yield a better return. However, novelty does not always imply success, and not every cryptocurrency can compete with the likes of Bitcoin, Tether, Shiba Inu, and others. HUH Token isn’t just new; it’s also innovative, and it’s this drive to stand out that will provide HUH Token investors with a better chance of becoming cryptocurrency millionaires.
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