The altcoin market has exploded after Bitcoin (BTC) broke through its vital $100,000 level. As the world’s leading cryptocurrency continues to test this level, altcoins are surging to record highs.
BTC remains the undisputed leader of the crypto world and maintains its reputation as the most trusted digital asset. As the dominant store of value, BTC is the go-to choice for institutional investors, and spot BTC ETFs witness record inflows. While BTC asserts its position as the top investment choice, many altcoins have surpassed its profit potential. Despite BTC reaching a new ATH of $103,900 earlier this week, its dominance is declining, and investors are turning their attention to smaller assets, signalling the start of the altcoin season.
Let’s delve into some of the top altcoins to own as Bitcoin makes these historic gains.
Dogecoin (DOGE)
Dogecoin (DOGE) is the largest memecoin by market cap and is the 7th largest crypto with a market cap exceeding $68.4 billion. Elon Musk, the world’s richest man with a net worth exceeding $354 billion, is the CEO of Tesla, owner of social media platform X (formerly Twitter), and one of the president-elect’s most prominent supporters and has long endorsed Dogecoin. Musk recently joined the Trump campaign and was integral to Trump’s victory, and his involvement with the republican party could see DOGE run to new highs in the coming months. DOGE’s surge stepped into overdrive after Donald Trump released a statement revealing that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, or DOGE. According to Trump, DOGE will pave the way for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditure, and restructure Federal Agencies – Essential to the “Save America” Movement.”
DOGE is expected to surge after DeFi Technologies introduced Valour Dogecoin (DOGE) ETP on Sweden’s Spotlight Stock Market. The ETP will allow retail and institutional investors to gain exposure to DOGE without directly owning the asset. Amid Dogecoin’s increasing popularity and momentum, the token managed to flip luxury car maker Porsche’s market cap. With a market cap exceeding $68 billion, Dogecoin surpassed Porsche’s $56.1 billion market capitalization.
Peanut the Squirrel (PNUT)
PNUT, inspired by a pet squirrel named Peanut that was euthanized by New York authorities against its owner’s wishes, has become a viral sensation, causing an unprecedented social media frenzy amid the election. The memecoin was listed on Binance in November and has skyrocketed since. PNUT gained over 1,325% in the month and is up over 32% in the past week. PNUT’s rally came after tech mogul Elon Musk referenced Peanut’s death in a post on X (formerly Twitter).
PNUT’s rally resulted in it entering the top 100 altcoins, and it is now the 89th largest crypto with a market cap of over $1.5 billion.
Bonk (BONK)
Bonk (BONK), like other memecoins, has exploded in popularity thanks to its strong community backing and viral potential. Initially seen as a mere speculative token, Bonk (BONK) has surprised many by delivering significant returns to early investors. Much like Pepe (PEPE) before it, Bonk (BONK) is capitalizing on the memecoin phenomenon, where projects with robust community support can achieve meteoric gains. While Bonk's (BONK) success is mainly tied to social media hype and community engagement, it offers high-risk, high-reward opportunities for traders looking to capitalize on short-term gains. BONK has gained over 106% in the past month and is poised for immense growth in the upcoming alt season.
Husky Inu (HINU)
As BTC trades at a whopping $99,600 and top altcoins reach new heights, investors must look for well-priced alternative investment opportunities to profit from the bull run, and Husky Inu is precisely that.
Husky Inu (HINU) is one of the newest members of the Solana network, created to bring its holders more value and utility by harnessing the power of this popular blockchain. Husky Inu recently launched the presale of its native token, HINU, with tremendous success, and the two are on a mission to conquer the memecoin industry through a robust and supportive community with innovative features and enhanced rewards.
Since going live, the presale has generated over $610,000, completing its third presale round.
🚀 A huge THANK YOU to all our $HINU holders! Stage 3 is officially complete, and the price has increased significantly. We’re now aiming for even bigger targets and greater success. As 1Q 2025 approaches, so does our highly anticipated launch. Stay tuned for the exciting… pic.twitter.com/zuP8T1IxTD
— Husky Inu (@huskyinureal) December 5, 2024
Husky Inu is working on some exciting things, including an Earn App and a Decentralized Exchange. The Earn App will reward users with HINU tokens for engaging with the project, and the Decentralized Exchange will facilitate decentralized trading to improve utility and value for HINU holders. Husky Inu boasts several unique features that set it apart from traditional investment opportunities, including a capped token supply, a deflationary mechanism, speedy transactions, and charity voting.
Visit the following links for more information on Husky Inu:
Website: Husky Inu Official Website
Twitter: Husky Inu Twitter
Telegram: Husky Inu Telegram
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
