The crypto market has surged in the wake of the US Presidential election results. Republican nominee Donald Trump beat Democratic candidate Kamala Harris to become the next president of the United States.
To say it’s been a bullish week for the markets is an understatement. After news broke that the republican Donald Trump won the US elections by a landslide, markets surged, and Bitcoin (BTC) briefly touched a new all-time high of $76,943. While the market has corrected slightly, BTC is trading around the $76,000 level.
Altcoins followed BTC’s upward momentum, which sparked significant price runs. Solana (SOL) broke through the $200 level and is steadily holding its price, and displaced Binance Coin (BNB) to become the third-largest crypto by market cap.
ChangeNOW CMO Pauline Shangett commented on the crypto market’s run in response to Trump’s victory, stating,
“Trump’s monumental victory over Kamala Harris sparked a renewed and very bullish sentiment among investors. Investors are confident that Trump’s pro-crypto policy will ensure a prosperous time for digital assets. The president-elect’s views on crypto are forward-thinking and have brought much-needed stability to the market.”
Let’s look at some of the top altcoins expected to surge in this bullish market.
Cardano (ADA)
ADA is one of the best-performing altcoins in recent days, having gained over 16% in the past 24 hours. ADA is up by nearly 23% in the past week, trading at $0.43.
The Cardano blockchain was created through a rigorous research-driven approach and focuses on scalability, sustainability, and interoperability to address the limitations of existing blockchain technologies. It is a prominent third-generation blockchain that prioritizes notable concerns in the digital asset world, such as sustainability, scalability, and security. It is one of the most sophisticated and effective blockchain systems owing to its Design For Telecom (DFT) architecture and unique proof of stake (PoS) consensus mechanism, the Ouroboros.
Cardano (ADA) is a formidable player in the altcoin space and is prized for its solid fundamentals and innovative approach to blockchain. Cardano recently witnessed a surge in interest stemming from its active community and ongoing improvements. Investors are optimistic about Cardano's potential in the next bull run, fueled by its unique PoS consensus and unrelenting commitment to academic research. With an emphasis on security and scalability, Cardano is well-positioned for future growth, making it an attractive option to acquire before the next bull run. As more and more projects build on the Cardano (ADA) blockchain, demand for Cardano (ADA) is expected to rise, solidifying its already strong market position.
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 nearly 20% in the past week. DOGE quickly rose through the ranks after a humble beginning to become a household name in the crypto industry. The project owes its success to a strong community and endless opportunities. DOGE began its journey in the industry as a joke but has transitioned into a legitimate investment opportunity with excellent profit potential. Dogecoin gained over 166% in the past year and is an excellent addition to any crypto portfolio.
Elon Musk, the world’s richest man, CEO of X (formerly Twitter), and arguably Donald Trump’s biggest supporter, has long endorsed Dogecoin. Trump’s victory and Musk’s rumoured influence on the president-elect could see DOGE run to new highs in the coming months. Investors are also reportedly eyeing a spot Dogecoin ETF.
Pepe (PEPE)
Pepe (PEPE) is a fan favourite among crypto investors, gaining over 840% in the past year. The project is currently the third largest memecoin by market cap and quickly gained infamy for being a tribute to the 2000s internet meme sensation Pepe the Frog. Pepe’s likeability and continued reward streak should be enough to add to your portfolio. Pepe (PEPE) has developed a robust community and is gaining traction in the meme coin arena. Its rapid ascent has drawn parallels with other popular meme tokens, and future projections remain highly optimistic. Expectations are set for PEPE to potentially increase by over 2100% by 2030, making it an attractive option for those interested in memecoins' speculative aspects.
Pepe has also handsomely gained since the Trump victory, gaining over 18% in the past week. PEPE is up over 8% in the past 24 hours and looks poised for immense gains.
Husky Inu (HINU)
Husky Inu ($HINU) is the newly launched Solana-based memecoin that quickly made its mark within the crypto space, positioning it as a worthy opponent to best friend Shiba Inu (SHIB) and memecoin OG, Dogecoin (DOGE). 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 $476,000.
Husky Inu has grand ambitions for its future. The project has an Earn App in the works and plans to launch a Decentralized Exchange (DEX). The Earn App will allow its users to receive HINU tokens as a reward for engaging with the platform. The DEX will facilitate decentralized trading and enhance utility and value for $HINU holders. The project made a name for itself thanks to its commitment to a reliable token ecosystem. It achieves this 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.
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.
