As a seasoned crypto investor with a knack for spotting promising projects and a soft spot for meme coins, I can’t help but feel intrigued by the recent surge in Human Protocol (HMT) and Ski Mask Dog (SKI).
The Human Protocol token is receiving additional attention from cryptocurrency investors, just like the meme coin, Shiba Inu (Ski Mask Dog), which is endorsed by Camila Cabello.
On a recent check over the weekend, the Humanity Token (HMT) surged by a substantial 175%, showcasing its growing popularity within the market. The token is not only making strides in terms of market presence but also tackling the complex issues surrounding identity verification and maintaining data privacy.
See below.
Humanity Protocol’s $1 billion valuation
The Humanity Protocol, a blockchain initiative, achieved “unicorn” status in May, signifying a valuation of $1 billion. This significant milestone was attained following the successful completion of a seed funding round, during which Kingsway Capital invested $30 million as the leading investor.
Among its investors are Animoca Brands, Blockchain.com, Hashed and Shima Capital.
As stated in a Medium article from Humanity Protocol, the received funds enabled them to grow their team and create new products before the anticipated release of the public test network in the second half of 2024.
Exciting announcement! Our founder Terence was featured in Bloomberg Business, revealing our recent funding round! 🌟
— Humanity Protocol 🖐️ (@Humanityprot) May 15, 2024
In recent months, I’ve been fortunate enough to participate in a significant funding round, following our receipt of strategic investments aimed at constructing the “human layer” within the decentralized web3 environment – a project I’m proudly involved with as an analyst.
A number of Venture Capital firms and private figures such as Sandeep Nailwal, the creator of Polygon, and Yat Siu, a co-founder of Animoca Brands, became involved in this initiative.
Ski Mask Dog
Ski Mask Dog (SKI) also saw increased traffic on Saturday, Nov. 30.
See the chart below.
The Ski Dog Mask platform was constructed using Base, a Layer 2 blockchain developed by Coinbase. This platform has garnered notice due to its community-centric strategy and boasts more than $8 million worth of transactions within a 24-hour period.
It appears that SKI had been left behind by its creator. However, the project found new life through an enthusiastic community, resulting in a significant increase in both worth and recognition.
During wider declines in the cryptocurrency market, the coin has demonstrated a remarkable ability to bounce back, suggesting that investors have high levels of trust in it.
Stars align
The project has gained endorsements by prominent figures such as Jesse Pollak, creator of Base, who lauded SKI and bought it, along with singer Camila Cabello.)
Previously from Fifth Harmony, she momentarily displayed the SKI logo on her Instagram profile, boosting the coin’s recognition.
🚀🚀 Exciting news about Ski Mask Dog! It’s becoming quite popular, from Camila Cabello changing her profile picture to Jesse Pollak mentioning it. The $SKI token on Base is creating a buzz everywhere. With its fun vibe and possible journey to the stars, it’s attracting a lot of attention. Ready to join the ride? #SKIToken #BaseBlockchain #CryptoMemes
— Mariano ❤️ 🛸 (@significaRSE) November 25, 2024
Additionally, SKI sets itself apart through its homegrown marketing strategies and creative community engagement. This frequently materializes in the form of memes and viral social media initiatives, which have significantly contributed to its rising fame.
The value of this digital currency in the market now surpasses 30 million dollars, and daily transactions amount to 2 million dollars. This underscores its increasing popularity. Essentially, it reflects a new trend among meme coins, focusing more on fostering community interaction rather than adhering strictly to conventional development plans.
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2024-11-30 19:28