The market gained significant momentum after Donald Trump became President-elect, SEC Chair Gary Gensler announced his imminent resignation, and Bitcoin (BTC) finally broke through the $100,000 level to set a new ATH of $103,900.
Bitcoin (BTC), the undisputed leader of the cryptocurrency world, has maintained its position as the most trusted digital asset. As the dominant store of value, BTC remains the go-to choice for institutional investors, with its recent run to an ATH of $103,900 underscoring why it is regarded as digital gold.
The Spotlight Turns to Altcoins
The crypto scene is often accompanied by optimistic phrases such as “When Lambo?” or “When Moon?” referring to the eager anticipation of crypto holders for the time the market finally breaks out and delivers long-awaited gains. Crypto enthusiasts have waited years and years for this to happen and are continuously searching for a project to reap the rewards of the highly anticipated breakout. BTC finally broke out to surge above the all-important $100,000 level. While BTC leads the charge and sets the pace for the rest of the market, we have seen many projects surpass Bitcoin’s growth, with this number increasing daily. Bitcoin will forever remain the G.O.A.T (Greatest of All Time), the OG crypto held in the highest esteem, but altcoins are more likely to deliver more significant gains as we near the altcoin season.
Some of the biggest altcoin opportunities include the ever-popular Ethereum (ETH), Dogecoin (DOGE) and Pepe (PEPE), and the latest newcomer from the Solana network, Husky Inu (HINU).
Ethereum (ETH) Gains Significant Ground
Ethereum (ETH), the second-largest cryptocurrency, has shown signs of relative weakness in recent months but witnessed significant gains after BTC set its new ETH. Ethereum is the backbone of decentralized applications (dApps) and smart contracts but has struggled with declining network activity, increasing its vulnerability compared to BTC. Despite the hype around Ethereum (ETH)’s newly adopted PoS system, the demand for its blockchain services has stagnated. Lower gas fees, while beneficial for users, have reduced the income for miners and validators and impacted ETH’s price. Moreover, the supply of ETH has increased, creating further pressure on the asset’s value. ETH’s price battled to stay afloat as investors turned to other altcoin opportunities but finally regained some ground. ETH turned a corner after BTC’s incredible run, breaking through the crucial $4,000 mark, gaining over 26% in the past month. At the time of writing, ETH traded around the $3,854 mark.
Dogecoin (DOGE) Maintains its Recent Gains
Dogecoin (DOGE) is the largest memecoin by market cap and is the 7th largest crypto with a market cap exceeding $63.3 billion. Elon Musk, the world’s richest man with a net worth exceeding $354 billion, is the CEO of Tesla, owner of social media platform X (formerly Twitter), and one of the president-elect’s most prominent supporters and has long endorsed Dogecoin. Musk recently joined the Trump campaign and was integral to Trump’s victory, and his involvement with the republican party could see DOGE run to new highs in the coming months. DOGE’s surge stepped into overdrive after Donald Trump released a statement revealing that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, or DOGE. According to Trump, DOGE will pave the way for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditure, and restructure Federal Agencies – Essential to the “Save America” Movement.”
DOGE is expected to surge after DeFi Technologies introduced Valour Dogecoin (DOGE) ETP on Sweden’s Spotlight Stock Market. The ETP will allow retail and institutional investors to gain exposure to DOGE without directly owning the asset. Amid Dogecoin’s increasing popularity and momentum, the token managed to flip luxury car maker Porsche’s market cap. With its increased market cap, Dogecoin surpassed Porsche’s $56.1 billion market capitalization.
DOGE gained over 104% over the past month and has managed to hold on to most of the gains despite a slight market correction.
Pepe (PEPE) Surges Over 122% in the Past Month
Pepe (PEPE) is a fan favourite among crypto investors, with a staggering 1,395% gain in the past year. The project is currently the third largest memecoin by market cap, quickly gaining popularity as 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 meme coins’ speculative aspects.
Pepe has also handsomely gained since the Trump victory, gaining over 123% in the 30-day chart. PEPE’s popularity and value further surged after cryptocurrency exchanges Robinhood and Coinbase announced support for PEPE trading.
Newcomer Husky Inu (HINU) Shines in Presale
As BTC continues to trade around the $99,000 level and top altcoins reach new heights, investors must look for well-priced alternative investment opportunities to profit from the bull run, and Husky Inu is precisely that.
Husky Inu (HINU) is one of the newest members of the Solana network, created to bring its holders more value and utility by harnessing the power of this popular blockchain. Husky Inu recently launched the presale of its native token, HINU, with tremendous success, and the two are on a mission to conquer the memecoin industry through a robust and supportive community with innovative features and enhanced rewards.
Since going live, the presale has generated over $612,000, completing its third presale round.
Husky Inu is working on some exciting things, including an Earn App and a Decentralized Exchange. The Earn App will reward users with HINU tokens for engaging with the project, and the Decentralized Exchange will facilitate decentralized trading to improve utility and value for HINU holders. 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.
