In our commitment to broaden our offerings continually, we are introducing a new project addition - Huhu Cat. Have you been hearing a purring sound from the crypto market lately? That's because our furry friend, Huhu Cat, has just joined the meme coins market.
But what are Huhu Cat and its underlying technology? Our guide explores these questions and covers everything you should know about the HUHU coin. Moreover, you’ll also learn how to buy and trade HUHU by the end of this guide.
So, let's begin with a little intro to meme coins.
What Are Meme Coins?
Meme coins are cryptocurrencies inspired by internet jokes and memes. Their history traces back to Dogecoin, created in 2013 and inspired by the Japanese Shiba Inu dog meme. Since the meme was viral on the internet at that time, Dogecoin instantly rose to success.
Since then, thousands of new meme coins have joined the bandwagon purely based on social media hype rather than underlying utility.
Key Characteristics Of Meme Coins
- High Volatility: Meme coins are famous for their meme-like volatility. Their prices can skyrocket or plummet overnight.
- Low Value Per Token: Many meme tokens start with a very low value per token, meaning you can own a significant amount for just a few bucks.
- Massive Supply: These coins often have a huge supply of tokens, with some in the trillions, which contributes to their low per-token value.
- Buzz Driven: The value of meme coins can soar with social media hype and celebrity tweets on the internet.
- Community Spirit: Behind every meme coin, there's a strong community supporting the coin with their obsession with memes.
Now that you know what meme coins are, let’s discover HUHU Cat, a cryptocurrency that has recently joined the meme coin market.
What Is Huhu Cat (HUHU)?
HUHU Cat is a cute cat-themed cryptocurrency and the first meme coin in the Merlin Chain ecosystem. The coin is named HUHU Cat, while the token name is just HUHU.
Launched in February 2024 and powered by Merlin Chain's L2 technology, its value has been on a steady rise.
In just the past 24 hours, 7.73 million HUHU tokens changed hands, amounting to 45.81K USD. Clearly, there is a significant player in the market behind this cute cat face.
Currently, 2.10 billion HUHU tokens are circulating with a total market capitalization of $12.53 million.
The good part is that CoinEx has upheld its reputation of supporting emerging projects by becoming the first cryptocurrency exchange to list HUHU Cat for trading.
Roadmap
The HUHU Cat founders have outlined four phases for the project's roadmap, which are as follows:
Phase 1: The Foundations
Phase 1 was all about setting the foundations. Huhu first made a thorough plan and penned down their contracts before kicking off the procedural Merlin Chain and the minting smart contract.
- Released their logo
- Began growing their community
- Officially launched the project
Phase 2: Expansion Begins
The founders achieved some initial goals that included:
- Launched their website
- Continued to expand the community
- Got listed on CoinGecko
Phase 3: Community Flourishes
The founders envisioned that the third phase would be marked by a thriving community and widespread sharing of memes.
- Crossed 6000 holders
- Trended on Twitter and dexscreener
- Got listed on centralized exchanges (CEXs)
Phase 4: Autonomy and Leadership
In the fourth phase, HUHU aims to reach a milestone by becoming autonomous, establishing a DAO, and securing its position as a leading meme coin.
- Partnered with big names
- Reached over 20k holders
- Made it onto top CEX lists
What Is the Core of the HUHU Community?
The core of the HUHU community is all about bringing together people who love the Huhu Cat and are excited about meme coins.
It's a friendly space where members appreciate meme coins and support each other. They're united by their interest in seeing the $HUHU coin grow and in using it for fun and possibly for good causes too.
This community values humor, kindness, and a strong sense of togetherness.
What Is Merlin Chain Ecosystem? Other Tokens on Merlin Chain?
Merlin Chain is a Bitcoin Layer 2 (L2) blockchain platform, created in 2023 by the team behind Bitmap. This L2 technology builds on Bitcoin's Layer 1 to enhance transaction speed and efficiency while minimizing operational costs.
To achieve this, Merlin Chain utilizes state-of-the-art technologies such as state channels, sidechains, and rollups.
What sets Merlin Chain apart from other Bitcoin L2 solutions is its support for a wide range of wallets and BRC-20 assets, including ORDI, SATS, RATS, and TRAC. This diversity ensures a smoother transition from L1 to L2 compared to other BTC L2 platforms.
In addition to Huhu Cat, which ranks highly on Merlin Chain, the platform hosts many other tokens. Here are a few top positions on the Merlin Chain.
How to Buy and Trade HUHU Tokens?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. Users can now trade easily and seamlessly with its 900+ tokens supported. CoinEx became the first platform to support $HUHU for trade. Buy and trade HUHU tokens on CoinEx with the following simple steps:
- Create an Account: Register for a CoinEx account.
- Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
- Navigate to HUHU Trading Page: Once your account is funded, navigate to the dedicated HUHU trading page on CoinEx. You can locate HUHU trading pairs on the spot trading page using a search box and enter the term "HUHU" to find the associated pairs.
- Choose a Trading Pair: Select the trading pair HUHU/USDT to trade HUHU against USDT (Tether).
- Specify the Purchase Amount: The next step is to specify the number of HUHU you wish to buy. You have the option to either buy them at the current market price or set a limit for your desired buying price on the trading page.
- Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order.
By following these comprehensive steps, you can easily trade HUHU on CoinEx, taking advantage of the available trading pairs.
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