Binance is the largest and most popular trading platform for cryptocurrencies. Due to this, its native currency Binance Coin (BNB) often increases in value alongside the increased interest in the platform.
HUH Token (HUH) is one among many cryptocurrencies that use the Binance smart chain for their cryptocurrency. HUH Token (HUH) is unique in the sense that it is a multi-chain crypto, but it began on the Binance smart chain and is still available there today.
Binance having its own blockchain requires them to have a coin to pay for transaction fees, among other functions. Binance Coin (BNB) can be used to trade for other cryptocurrencies on the blockchain and to pay fees while trading. In addition to this, Binance Coin (BNB) has use cases, including paying for credit card bills and travel arrangements with specific providers.
Binance Growth Figures
Binance has grown exponentially from a few years ago. Their exchange has increased in every metric. One of the most impressive measurements is their annual crypto exchange volume. In 2019 the trade volume was $401 billion and has grown by 1820% in just two years to reach $7.7 trillion. A similar trend is found among the number of users, which has increased by almost double in two years.
Binance Coin (BNB) had an incredible year of growth alongside its parent platform; this was partially due to the crypto boom 2021 experienced as well as the astonishing increase in the popularity of the Binance smart chain.
Continuing this trajectory could solidify Binance’s position as the largest trading platform for the foreseeable future. The low transaction fees and the speed of these transactions have been significant selling points to crypto enthusiasts. The number of altcoins available on the smart chain is continuing to grow.
HUH Token (HUH)
HUH Token (HUH) is an ever-increasing cryptocurrency that has seen considerable success on the Binance smart chain. HUH Token (HUH) was first released on PancakeSwap and immediately saw an incredible 4500% increase in market price.
Additionally, HUH Token (HUH) recently experienced a 70% increase in market value after announcing and following through with a mass social media post with approximately 500 influencers. They then stated that this was a small amount of the agreements that they have with more prominent influences that they can call upon at any time.
Given the increasing importance of social media in society and that large multi-million dollar industries use those platforms for advertising, this is an effective, tried and proven strategy. Extrapolating to more influencers and bigger ones could see HUH Token investments increase by over 700%. The most challenging part will be timing the market for when they will do this. The safer bet is to hold on to tokens at a low price and await the returns.
Continued Binance Coin (BNB) and HUH Token (HUH) Success?
Given the growing popularity of the already leading cryptocurrency exchange globally, it is unlikely that Binance Coin (BNB) will become irrelevant any time soon. HUH Token continues to gain traction and attention as a growing project that is utilising the power of the Binance smart chain to continuously grow the wealth of the everyday holder and potentially make them crypto millionaires.