Published
1 year ago on
May 04, 2022
Chainlink (LINK) is a utility coin that allows real-world data to be added to any blockchain, thereby enhancing the functionality of smart contracts.
Shiba Inu (SHIB) is a meme token that has generated a massive following over the past year as it went mainstream.
HUH is a decentralised metaverse coin that combines the usefulness of “utility” tokens with the power of “meme” tokens. HUH researchers looked at the core principles that make meme tokens so popular, as well as the cause-and-effect relationships that are commonly connected with the longevity of utility tokens. The HUH token (HUH) is the world’s first “UTIMEME” cryptocurrency, combining these principles.
Chainlink (LINK)
Chainlink (LINK) was founded in 2017 to make it easier to integrate smart contracts on different blockchains. Blockchains can use Chainlink (LINK) to securely communicate with external data feeds, events, and payment mechanisms. As a result, complicated smart contracts have the potential to become the most common type of digital contract.
The Chainlink network works like this: individuals share data, run nodes, make smart contracts, take care of security issues, and so forth.
Chainlink (LINK) and Google forged a strategic cooperation in 2019. As a result of the arrangement, Google's smart contract approach now includes Chainlink's (LINK) protocol. This move was hailed as a huge triumph by investors since it allows consumers to connect to two of Google's most popular cloud services.
Shiba Inu (SHIB)
Until Elon Musk shared a picture of his dog Floki on Oct. 4, 2021, Shiba Inu (SHIB) was relatively unknown. Because Floki is a Shiba Inu, the number of tweets citing the meme token increased by more than a factor of 20 in the days following.
Shiba Inu had reached an all-time high of $0.00008616 when the dust cleared later that month, marking a gain of 153,000,000% in less than a year. To put it another way, if you had invested $1 in Shiba Inu (SHIB) in November 2020, by the time it peaked in October 2021, you would have made more than $1 million.
However, the value of the meme token has dropped by 65% since then, and it is unlikely to recover unless a significant new usage is introduced. On the plus side, Shiba Inu (SHIB) is among the top blockchain projects that have a lot of promise.
