Since Donald Trump won the US presidential election, the market has been overcome with bullish sentiment. Bitcoin (BTC) set a new all-time high just days after the crypto-pro Trump secured victory over Kamala Harris.
The crypto market is witnessing an unprecedented bullish sentiment, and prices are surging. BTC set a new all-time high of $77,252 and is holding strong to trade around the $76,500 level. Altcoins followed BTC’s trajectory, and Ethereum, the second largest crypto by market cap, broke through the crucial $3,000 level.
Pauline Shangett, ChangeNOW CMO, commented on the market’s response to Trump’s victory.
“We expected to see significant movement in the market regardless of the election outcome. Trump is vocal about his pro-crypto stance, and we can see renewed interest and confidence in digital assets following the former president’s win.”
Altcoins have exploded in the wake of the election results and are expected to grow further in anticipation of the Inauguration in January 2025.
Husky Inu (HINU)
Husky Inu ($HINU) is a newly launched Solana-based memecoin which entered the crypto space with a bang to compete with industry giants, including Dogecoin (DOGE) and its new best friend, Shiba Inu (SHIB). The project plans to launch an Earn App and a Decentralized Exchange (DEX). The Earn App will allow its users to receive HINU tokens as a reward for engaging with the platform, while the DEX will facilitate decentralized trading and enhance utility and value for HINU holders.
The project’s recently launched presale has gone very well, with the first stage selling out within days. The second stage of its presale sold out, and the project is undertaking its third fundraising round with great enthusiasm. At the time of writing, the HINU presale raised over $478,000. The project made a name for itself thanks to its commitment to a reliable token ecosystem, achieved through a carefully designed distribution model and capped maximum supply. 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.
Solana (SOL)
Solana (SOL) is undoubtedly one of the most talked about topics in 2024, boasting impressive gains exceeding 326%. Solana boasts some of the most unique features of any network and has become the go-to blockchain for memecoin development. The blockchain is designed to handle high numbers of TPS at low transaction fees. Solana’s ability to process transactions quickly ensures that trades are efficiently executed, a feature essential to memecoin, which, by nature, is subject to rapid price fluctuations. Memecoins rely on community support, and Solana has cultivated a robust and active community which ideally serves memecoins. The blockchain also offers excellent developmental tools and resources, making it an attractive environment for developers to effortlessly create and deploy new tokens. Solana (SOL) has become a formidable player in the crypto space, and now it is targeting a considerable part of Ethereum’s (ETH) market share. Following Trump’s victory, SOL reached its highest price since November 2021, reaching $200 and has become the 4th largest cryptocurrency by market cap.
Dogecoin (DOGE)
Dogecoin (DOGE) remains the top memecoin by market cap and is the project all newcomers strive to be. The memecoin is undoubtedly following BTC’s upward momentum, surging over 31% in the past week. DOGE quickly rose through the ranks to become a household name in the crypto industry. The project owes its success to a strong community and endless potential. DOGE began its journey in the industry as a joke but has transitioned into a legitimate investment opportunity with excellent profit potential.
Elon Musk, the world’s richest man with an estimated net worth of $300 billion, CEO of Tesla, owner of social media platform X (formerly Twitter), and arguably Donald Trump’s biggest supporter, has long endorsed Dogecoin. Musk recently joined the Trump campaign and was integral in Trump’s victory, and Musk’s involvement with the republican party could see DOGE run to new highs in the coming months. Dogecoin is up by over 170% in the past year and is an excellent addition to any crypto portfolio.
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.
