DailySun
The Human Protocol token is attracting attention from crypto enthusiasts, alongside the Camila Cabello-supported meme coin, Ski Mask Dog.
Human Protocol (HMT) token surged by 175% in value as of Saturday’s latest update, continuing its momentum while tackling identity verification issues and data privacy challenges.
See below.
Humanity Protocol’s $1 Billion Valuation
Humanity Protocol, a blockchain-centric endeavor, achieved unicorn status in May, boasting a valuation of $1 billion. This significant achievement followed a $30 million seed funding round led by Kingsway Capital.
The project’s backers include Animoca Brands, Blockchain.com, Hashed, and Shima Capital.
As stated in a Medium post from Humanity Protocol, the investment is aimed at expanding the team and enhancing product development ahead of the public testnet launch planned for the latter half of 2024.
This latest funding round occurred just months after Humanity Protocol secured a strategic investment aimed at building the “human layer” for web3.
Numerous VC funds and private investors, including Polygon founder Sandeep Nailwal and Animoca Brands co-founder Yat Siu, have contributed to this initiative.
Ski Mask Dog
Ski Mask Dog (SKI) also experienced increased activity on Saturday, November 30.
See the chart below.
Ski Mask Dog was developed on Base, a Layer 2 blockchain provided by Coinbase. It has garnered attention for its community-focused approach, recording over $8 million in trading volume within 24 hours.
Reportedly left behind by its original developer, SKI was revitalized by its dedicated community, leading to a remarkable increase in both value and popularity.
The coin has demonstrated resilience despite broader cryptocurrency market downturns, pointing to a strong investor confidence.
Stars Align
The project has gained from endorsements by prominent figures such as Jesse Pollak, the creator of Base, who publicly supported SKI and bought into it, along with singer Camila Cabello.
The former “Fifth Harmony” member momentarily used the SKI logo as her Instagram profile picture, elevating the coin’s visibility significantly.
SKI also sets itself apart with its grassroots marketing and community creativity, often showcased through memes and social media initiatives that have further enhanced its popularity.
The coin’s market capitalization has surpassed $30 million, with daily trading volumes reaching $2 million, indicating its growing appeal. It exemplifies the emergence of “social-first” meme coins that prioritize community involvement over conventional development roadmaps.
