The broader crypto appears to have slowed in the last day after a busy week with significant news announcements that saw many coins set new all-time highs. Bitcoin (BTC) came within reach of $100,000, and many large-cap altcoins broke their previous record. With prices down today, an opportunity to secure your spot in the market has presented itself.
Bitcoin (BTC) and the broader altcoin market have cooled off after a very bullish week sent crypto prices through the roof. BTC came within reach of $100,000, while major altcoins such as Stellar (XLM), Polkadot (DOT), Ripple (XRP), and Cardano (ADA) registered massive gains.
Let’s explore which altcoins to buy while the market presents the opportunity.
Stellar (XLM)
The Stellar network is similar to the Ripple (XRP) network – a decentralised payment platform and cryptocurrency that facilitates quick and low-cost cross-border payments, promoting financial inclusion for individuals and businesses globally. The Stellar network was created to support digital representations of any currency but has its native token called Lumens (XLM). Developed as a fork of the Ripple protocol, Stellar aims to create a global network connecting financial institutions, payment processors, and individual users, making cross-border money transfer easier and providing access to essential financial services.
Stellar’s XLM gained over 140% over the past week, peaking at $0.63 before pulling back. At the time of writing, XLM traded at $0.47. Down 52% from its ATH of $0.93, now would be an excellent time to get your hands on XLM before the next bull run disrupts the market.
Polkadot (DOT)
Polkadot (DOT) witnessed an exceptional surge, gaining over 100% in the past month and 55% over the past week. DOT, the 15th largest crypto by market cap, struggled to make gains over the past while trading as low as $3.69 early in November. Since Donald Trump’s victory in the US Election, DOT has slowly been gaining ground, gaining over 52% this past week and 103% in the past month. DOT also reported an increase in its daily trading volume, and its price peaked at $10.29 earlier today. Polkadot’s (DOT) rally cements its position in crypto and proves why it should not be disregarded despite its recent troubles. DOT’s ATH is $55, meaning the potential profit to be made from this project is still enormous. The market pullback paves the way for investors to secure their stake in Polkadot.
First Convicted Raccon Fred (FRED)
Yes, you read that correctly. With the misspelling of “Racoon” in tow, FRED, like his buddy Peanut the Squirrel (PNUT), had several unbelievable daily gains in the past month. FRED and Peanut lived in the same house and were both seized and euthanized by New York state authorities over rabies concerns. The news of the passing of these beloved pets drew significant attention and quickly became viral sensations, with Elon Musk making multiple posts about Peanut on Twitter. While not as big of a sensation as PNUT, FRED made a 383% leap in the space of a day.
Pet-focused memecoins have become a crypto goldmine with their ability to capture the hearts of traders and investors with the uncanny light-heartedness they bring to the often brutal crypto world.
These memecoins are quickly becoming more popular, and the altcoin market may soon be likened to a digital zoo. That brings us to our next subject: Husky Inu (HINU).
Husky Inu (HINU)
Husky Inu (HINU) is the latest Solana-based dog-themed memecoin to grace the market. Husky Inu was created to bring its holders more value and utility by leveraging this robust blockchain. The project and its native token, HINU, want to make their mark on the saturated memecoin market by building a supportive community with innovative features and enhanced rewards. Husky Inu recently launched the presale for HINU, and the fundraising has attracted a fair amount of attention. Since going live, the presale has generated over $567,000 and will soon reach its fundraising target.
Husky Inu’s presale success is powered by its unique qualities and future plans, aiming to its own Earn App and Decentralized Exchange. The Earn App will reward users with HINU tokens for engaging with the projects and completing minor tasks such as liking, reposting, and sharing content. Husky Inu’s Decentralized Exchange will facilitate decentralized trading and, in doing so, will improve the utility and value of HINU for its holders.
The HINU presale is very close to reaching its fundraising target, meaning the time left to get in on this project is limited. Hurry now before you miss your chance on the next Shiba Inu (SHIB) or Dogecoin (DOGE).
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.