Memecoin investors are rushing to the Husky Inu ($HINU) and its recently launched presale. Despite the broader market recovery, investors must continually look at alternative projects such as Husky Inu ($HINU) to help mitigate the potential uncertainty inherent to the crypto market.
Memecoins are making a recovery following weeks of downturns. While memecoins such as Dogecoin ($DOGE), Shiba Inu ($SHIB) and Dogwifhat ($WIF) make good progress in their recovery, Husky Inu ($HINU) continues its hugely successful presale and presents an alternative to those looking beyond the parameters of the traditional investments. While memecoins and the crypto market are significantly trying to make up lost ground, more and more investors are flocking to projects such as Husky Inu ($HINU).
Bitcoin ($BTC) and Ethereum ($ETH) Today
Bitcoin ($BTC) Continues as the Undisputed Market Leader
Bitcoin (BTC), the undisputed leader of the cryptocurrency world, has maintained its position as the most trusted digital asset. After an ice-cold crypto winter, Bitcoin has gained over 145% in the past year and continually fights to regain its all-time high. BTC’s 21 million coin supply cap positions it as “digital gold,” and many regard it as the leading asset to own. Minting new BTC coins is done through the process known as the "Block Reward." Bitcoin miners are compensated with 3.125 BTC for every block added to the blockchain. Part of Bitcoin’s unique attributes is that its mining reward decreases roughly every four years in the “halving” process. As the dominant store of value in the crypto market, BTC remains the go-to choice for institutional investors. However, its recent price fluctuations have left some questioning whether BTC can continue to dominate the market in the long term and is incentivizing investors to find alternative investment opportunities such as Husky Inu ($HINU).
In today’s session, $BTC is trading at $63,610, a 0.38% drop % over the past day. $BTC, the highest-ranking crypto by market cap, saw months of turmoil, but sentiment around it has drastically changed. Over the past year, $BTC has gained over 142% - proving why it ranks king.
Ethereum ($ETH) Slows in Comparison to $BTC
While Bitcoin continues to assert dominance, Ethereum (ETH), the second-largest cryptocurrency by market cap, has shown signs of relative weakness. Ethereum is the undisputed backbone of decentralized applications (dApps) and smart contracts. Still, despite this, it has battled with declining network activity, increasing its vulnerability compared to $BTC and other altcoins. Since Ethereum transitioned to a Proof-of-Stake (PoS) consensus mechanism in 2022, its value has fallen significantly against $BTC, reaching a low it has not reached since April 2021.
ETH’s price is struggling to stay afloat as investors seek more profitable avenues such as Husky Inu ($HINU). Despite the hype around Ethereum (ETH)’s PoS system, the demand for its blockchain services has stagnated. One of ETH’s features is that it offers lower gas fees, which, while beneficial for users, has reduced the income for miners and validators, consequently impacting ETH's price. Moreover, the supply of ETH has increased, leading to diminished demand, which further pressures the asset's value.
In today’s session, $ETH registered a marginal decline of 0.18% but has still gained around 7.77% over the past week. Over the past year, $ETH has gained a meaningful 67.11%.
While $ETH’s growth is meaningful, it simply cannot compare with other altcoin projects, such as Solana ($SOL) and Avalanche ($AVAX), which have gained 681.97% and 209.92% respectfully, over the past year.
While Bitcoin and Ethereum still hold 56.3% and 14.1% dominance, major altcoin projects are quickly moving in to claim their undisputed dominance.
Investors Seek Refuge in Altcoins and Memecoins
It is clear to see that investors are turning their focus to the ultra-popular memecoin market. In the past year, the total market cap of memecoins has risen by $15.2 billion to a staggering $44.53 billion – an obvious sign that new entrants have entered the market or existing investors have changed their investment strategies.
Memecoins such as Husky Inu ($HINU) have entered the memecoin space to take advantage of this perceived “shift’ in investment strategies. Husky Inu itself was created to add more value and utility to its holders by leveraging the power of the Solana blockchain. Husky Inu is working hard to build a platform that fits its purpose. 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. Since going live, the presale has generated over $417,000.
What Does Husky Inu ($HINU) Bring to the Table?
Husky Inu’s presale is no surprise, given what the platform has in store. The project plans to launch its Earn App and Decentralized Exchange. Husky Inu’s Earn App will reward users with $HINU tokens for engaging with the project and completing simple tasks such as liking, reposting, and sharing content. The project’s Decentralized Exchange will facilitate decentralized trading, thereby improving the utility and value for $HINU holders.
Beyond its grand future plans, $HINU assures it prioritizes a reliable token ecosystem maintained through a well-set-out distribution model and capped token supply. $HINU has a capped token supply of 100 billion and boasts a deflationary quality. The deflationary aspect means that 50% of all platform fees collected from the upcoming Husky Inu Exchange and DEX will be used to buy and burn $HINU tokens to reduce the circulating supply of $HINU.
Buying the $HINU Presale
Connect a Wallet:
The presale widget can be found on the top of Husky Inu’s webpage. To get started, users can connect their wallets using various options. Should you encounter any issues or cannot connect, please contact Husky Inu’s official Telegram Channel.
Select a Network:
After connecting their wallet, users can join the $HINU presale on the Solana chain. You can purchase $HINU tokens using native currency or with BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT on Ethereum Tron chains.
Buy Tokens:
Specify the amount of BTC, ETH, BNB, LTC, USDT, DOGE, TRX, DASH, or BCH you would like to trade for $HINU, and then approve the transaction in your wallet. Remember that you will not receive tokens immediately during the presale but can claim them once it has concluded.
$HINU Hopes To Follow Memecoin Giants’ Footsteps
Shiba Inu ($SHIB) is the second largest memecoin and the 13th largest cryptocurrency by market cap. $SHIB is a decentralized community-led project which quickly became a fan favourite, amassing a market cap of almost $8.78 billion. The project quickly gained the attention of its dedicated community thanks to its overall charm and support from industry giants, including Elon Musk and Vitalik Buterin.
While Husky Inu hopes to follow in SHIB’s footsteps, the project is undoubtedly poised to do so. Husky Inu stands out from the memecoin crowd due to some fantastic features. The project is committed to a reliable token ecosystem maintained through a carefully bespoke distribution model and a capped maximum supply. In the past week, Shiba Inu gained over 19.48%.
Memecoins such as Pepe ($PEPE) have also seen a tremendous weekly increase of 15.23%, and OG memecoin Dogecoin ($DOGE) has gained over 9.15% in the past seven days.
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.
