Cryptocurrency is gaining popularity at an exponential rate. While it is no new phenomenon, it is being taken more seriously than ever. With influencers beginning to push different coins and tokens, now anyone and everyone can access cryptocurrency. Two cryptocurrencies gaining a lot of attention at the moment are HUH Token and Cosmo. Both are long term tokens that have a lot of potential for big profits, but which one should you invest in?
HUH Token: A Brief History
HUH Token is a new cryptocurrency that uses blockchain technology to give everyone a chance to gain unique rewards. The creators have stated that their mission is to ‘challenge the status quo and create a source of income for everyone’.
How Does HUH Token Work?
HUH has an intelligent referral system that anyone can use, whether you are a beginner to the crypto scene or a well-seasoned pro, this referral system threatens to change the whole game. They state on their website that they have created a way for you to earn cold hard cash straight into your wallet through a one-of-a-kind referral system. The concept is that if you refer someone, you then get 10% BNB from their first purchase. If the person you refer goes on to refer to someone else, you also get 2% of that person’s purchase too. The rewards don’t stop there, as you both receive a discount sales tax from 20% to 10%.
Cosmo: A Brief History
The Cosmo crypto was launched back in 2016 by Jae Kwon and Ethan Buchman. After a round of fundraising, they managed to raise $17 million to aid their development on April 5th, 2017. The creators of Cosmo claim that ‘Cosmos is the blockchain that helps cryptocurrencies talk to each other’.
How Does Cosmo Work?
The Cosmo Network consists of three conceptual layers:
Applications: This layer is responsible for processing transactions, providing the status of transactions in the broad sense.
The network: This next layer is responsible for the multiplication of transactions and communication related to the consensus layer.
Consensus: This allows nodes to reach an agreement on the system’s current state.
Cosmo cryptocurrency has been designed for exceptional interoperability and scalability.
Price, Stability And Volatility
Now, depending on your intended investment journey, this will decipher who you should invest in. If you are looking for a get rich quick scheme, then HUH Token is not for you. The anonymous creators have been clear in stating that it is not a get rich quick scheme. Instead, this cryptocurrency is designed to be held onto in the long run to maximise future profit. There’s no denying that Cosmo has long-term potential, however, it is still more volatile than HUH Token.
Both cryptocurrencies have a lot of long-term potential, however, based on industry patterns it seems like HUH Token is on the verge of a price explosion. So, buying the token now while it is still relatively low is advisable as you will get more for your money. To excel in the cryptocurrency game, you need to think fast, and act quickly too, so don’t wait too long and miss this opportunity to invest in a highly promising cryptocurrency.