Christmas Crypto Craze: Introduction to SafeMoon, EverGrow and HUH Token
Forget the mistletoe this Christmas, it's all about crypto instead. According to a survey conducted by crypto.com, 53% of Australians (aged 18-59) plan to buy cryptocurrency as gifts for Christmas this year. Those planning on purchasing crypto gifts said they were considering crypto classics such as Bitcoin (BTC) or Ethereum (ETH); however, altcoins such as SafeMoon and EverGrow are catching the interest of those in the crypto-community.
HUH Token is a soon to be released cryptocurrency that is launching on PancakeSwap on the 6th of December. Rather interestingly, Dogecoin also launched on the 6th of December way back in 2013. So perhaps this is an omen of good things to come for HUH Token. Either way, the creators have chosen a great time to release the token as the cryptocurrency market is predicted to experience a surge this Christmas. Cryptocurrency has become widely popular in recent years, with 1 in 10 Americans and 1 in 6 Australians owning cryptocurrency.
The CEO of SafeMoon acknowledged the growing accessibility of cryptocurrency and said the following.
"Everyone is now able to access cryptocurrency in just a few clicks from their phones. It's no longer something that is just talked about online - anyone can now acquire it with ease, in the same way, people do their weekly shopping online."
This ease of access is directly linked to the surge of popularity, and this is why industry experts are anticipating a buzz around cryptocurrency this Christmas.
However, if you want to make your crypto gift count this year, you have to do your research and make sure you understand the price predictions and pros and cons of each crypto that you consider.
SafeMoon and EverGrow are two meme coins that were released this year. SafeMoon launched in March 2021, and EverGrow launched in August. SafeMoon experienced significant success in April, and if you purchased $1,000 worth of SafeMoon during its launch, you would have had 1 trillion tokens. It was valued at $0.00001399 when it peaked in April, and 1 trillion tokens would have been worth approximately $14 million. This example is the perfect demonstration of why it can potentially pay off to get in early. You want to get the most value for your money, and currently, HUH Token is offering several incentives for those who partake in their presale. These include the following.
1. There is no 15% purchase tax.
2. Extra tokens are being airdropped in the launch.
3. Holders will receive a 25% bonus of HUH Tokens on top of their first purchase.
With this in mind, it is easy to see why there has been such a significant volume of HUH Token deposits. However, the presale allocated tokens will most likely be snapped up quickly. If you are thinking about going down a slightly different route for Christmas this year and want to gift your loved ones some cryptocurrency, you could try to find the one that will give you the most bang for your buck.
Check out pricing on CoinMarketCap to make sure you are not buying something like SafeMoon or EverGrow at its peak pricing. Buying in a dip will make sure you get a higher number of coins/tokens. Buying in a presale is even better as you can get bonuses on top of your purchase too.
Disclaimer: this is an opinion piece and not financial advice.