Samoyedcoin has had an excellent run in the last couple of weeks, this canine cryptocurrency has shown that it can really run with the big dogs. Reaching trading volumes of nearly $90 million, Samoyedcoin reached a respectable $0.2172 market price during its peak and has stayed consistent at a higher value than most expected.
Samoyedcoin was designed to be a fun and community-owned coin that was based on a dog breed from Eastern Europe. However, at the time of writing, Samoyedcoin has ranked 9th among the meme coins for trading volume within 24 hours. This is a feat that not many meme coins could hope to achieve with large market leaders like Shiba Inu and Dogecoin at the top.
HUH Token and its community that dub themselves ‘HUH Nation’, are determined to make their cryptocurrency land among the top 20 shortly after release. HUH Token is going to announce its official release date on Thursday the 4th of November 2021, they are currently in pre-sale. The official release date will allow people to plan their investment strategies for the launch and provide a much-needed timeline for those awaiting more information.
Samoyedcoin Unexpected Success
Until recently, market leaders for the meme and canine market had been established. Dogecoin had claimed the top dog spot and there was no way to dislodge them, until now. Shiba Inu has overtaken them in trade volume and market cap (at the time this article was written). Samoyedcoin, whilst not near the numbers of Dogecoin and Shiba Inu, has still shown incredible growth over a few weeks.
Samoyedcoin is one of many Dogecoin alternatives that have been doing exceptionally well as of recently. Nevertheless, success is unlikely to continue forever on the cryptocurrency scene. Eventually, a downwards trend in value often appears, will Samoyedcoin be able to continue its current success, or will it begin feeling the effects of the cryptocurrency market’s volatility?
HUH Token’s Vision
The creators of HUH Token aim to have a trading volume that rivals the top 20 cryptocurrencies. This is certainly an ambitious goal, but the volatility of the cryptocurrency market does work both ways. HUH Token could see a similar explosion that Shiba Inu experienced, resulting in HUH Token having trade volumes as high as the big meme coin names despite being new to the market.
This would be a result of the features and promotions that HUH Token has set in place for its soon-to-be-scheduled launch. Offering a unique referral system that generates an additional cryptocurrency (BNB) when utilized, 3000 influencers are rumored to have agreed to promote HUH Token once it has been released and their soon-to-be-unveiled roadmap that they ensure has ambitious goals. The developers seem raring to begin their journey onto the market. They have announced that they will be available on PancakeSwap once they have released their token to the public.
New Dogs and Newcomers
The news of Shiba Inu taking over Dogecoin in trading volume has inspired many cryptocurrencies to aim for higher goals than ever before. Simply being lower in the rankings or new does not mean a currency cannot reach the summit of the market.
Recent events have shown that anything is possible, Samoyedcoin could continue to rise in price or begin to show signs of a dip. Just as HUH Token could not live up to expectations, or it could be the next massive opportunity that shakes up the cryptocurrency market.