The crypto market continues its bullish run after the United States elected Donald Trump as its 47th President. Bitcoin reached a new all-time high and trades around the $74,800 level.
It has been a bullish week for the markets after the US elected Republican nominee Donald Trump as its next president. The crypto-pro Trump won the election by a landslide, sending crypto markets through the roof.
Pauline Shangett, CMO at ChangeNOW, commented on the election results, saying:
“Trump’s victory over Kamala Harris has breathed new life into the crypto industry, and sentiment is overwhelmingly bullish. The former president has been outspoken on his pro-crypto stance and has managed to settle investors’ worries about the future of crypto in the US.”
Let’s look at some of this year’s top altcoin buys!
Solana (SOL)
Solana (SOL) is undoubtedly one of the most significant topics of conversation in 2024, boasting impressive gains exceeding 348% over the past year. Solana sports 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 $187 and has become the 4th largest cryptocurrency by market cap.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the top-selling memecoins with a market cap exceeding $11 billion. The decentralized community-led token and its reputation as the “Dogecoin Killer” has yielded impressive rewards in the past year, gaining over 128%. SHIB is also a proud member of the Solana network and is Husky Inu’s best friend. The memecoin quickly rose to fame in the crypto industry and has since become a household name. SHIB, launched in 2020, is currently the 12th largest crypto by market cap and the second biggest memecoin after Dogecoin (DOGE). This decentralized, community-led project and its native token, SHIB, quickly gained the attention of its dedicated community of investors thanks to its charm and support from industry giants such as Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk. SHIB gained over 6% over the month and appears ready to explode in the next bull cycle.
Husky Inu (HINU)
Husky Inu ($HINU) entered the crypto space with a bang to compete with industry giants, including Dogecoin and its new best friend, Shiba Inu. The project has an Earn App in the works and a Decentralized Exchange. 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 $HINU holders.
Husky Inu ($HINU) and its native token were designed to improve utility and value for its holders by harnessing the power of the Solana ecosystem.
The project aims to conquer the industry to create a robust and supportive community with improved features and rewards. 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 $473,000.
Husky Inu 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 boast several unique features that set it apart from traditional investment opportunities, including:
- Capped Supply: The total supply of HINU is limited to 100 billion tokens, ensuring scarcity and value retention.
- Deflationary Mechanism: 50% of all Husky Inu Exchange and DEX platform fees will be used to buy back and burn HINU tokens to reduce the circulating supply over time.
- Early Investment Opportunity: The HINU presale is going well and allows investors to buy $HINU tokens at a modest price.
- Charity Voting: 5% of the total Husky Inu (HINU) token supply will be allocated to community rewards and charity, supporting user-voted charities and goodwill causes.
- Speedy Transactions: Husky Inu leverages the speed and scalability of the Solana blockchain to bring users quick, low-cost transactions.
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.