Cryptocurrencies have always been volatile digital assets, but they have provided much value to many users over the years. The global economy has been suffering since the pandemic’s beginning, and recently, cryptocurrencies have been seriously affected. However, they are starting to recover, and with the addition of new cryptocurrencies like HUH Exchange (HUH) and the continued activities of established cryptos like Solana (SOL) and Tron (TRX), users will see the crypto industry bounce back in no time.
HUH Exchange (HUH)
The HUH Network (HUH) is an EVM-compatible base layer blockchain that supports smart contracts and DApps. Because of its EVM compatibility, projects from other EVM-compatible blockchains can be easily ported over to the HUH Network (HUH). The HUH Network (HUH) uses the HUH Token (HUH) as its native cryptocurrency, and it has speedy transactions at meager costs, thanks to the proof-of-stake (PoS) consensus mechanism.
A vital part of the HUH ecosystem is the HUH Exchange (HUH). Trading with crypto requires a lot of information. While the complex UI designs of other DEXs with so much information being thrown at the user can be useful for crypto veterans, it can very effortlessly chase new users away. Mass adoption requires simplicity and the HUH Exchange (HUH) wants to provide this whole meeting the needs required by veteran traders.
HUH Exchange (HUH) has hired professional UI/UX designers, and users can be sure that with the mighty HUH Network (HUH) and the HUH Token (HUH) powering the HUH Exchange (HUH), the DEX landscape will never be the same.
Solana (SOL) has been raising the bar since its launch in 2020. Dubbed the “Ethereum Killer,” Solana (SOL) has been steadily eating into Ethereum’s (ETH) crypto market. Headquartered in Switzerland, the Solana Foundation has provided users with an open source, permissionless blockchain with support for DApps, smart contracts and low fees.
Solana (SOL) recently started making a name for itself in the NFT markets, and it has received endorsements from OpenSea and other major NFT markets. Solana (SOL) can process well over 2000 transactions every second, which is hundreds of times more than major blockchains like Bitcoin (BTC) and Ethereum (ETH). It’s not hard to see why a lot of users are flocking to Solana (SOL), and this growth is expected to continue for the rest of 2022 and beyond. Buying the dip of Solana (SOL) now could lead to excellent returns soon.
Tron (TRX) is a DeFi platform that hosts entertainment applications. It allows peer-to-peer transactions between content creators and their customers. Tron (TRX) uses the Tronix, represented by TRX, as its native cryptocurrency for all transactions. Tron (TRX) also has no transaction fees and can perform up to 2000 transactions every second.
Although Tron suffered a fair amount of instability for the TRX token due to the crypto crash, it has stabilized over the past few weeks, and crypto analysts expect TRX to maintain a stable uptrend for the rest of the year. As we have seen with many other DeFi platforms, blockchain technology represents the future. Like others before it that have revolutionized industries, Tron (TRX) might be the future of media consumption and the entertainment industry.
The industry is recovering from the crypto crash, and this could be the sufficient time to buy the dip of coins that have potential and follow up with projects like HUH Exchange (HUH) that will help bring the industry back to form.