Husky Inu Raises Over $680K in Presale Amid Bitcoin (BTC) and Altcoin Slump
Bitcoin (BTC) has been battling in the market, dropping over 2.6% in the past week. While BTC and the altcoin market continue to struggle, Solana memecoin Husky Inu (HINU) generated over $680,000 in its presale.
Bitcoin's Momentum Fades
Bitcoin Dominance (BTC.D) recently hit a peak of 60.1% but has since fallen to around 50%. Although a drop in BTC’s dominance was anticipated, a corresponding rise in altcoins was also expected. Recent developments, however, indicate that the broader crypto market is slowing down, with leading altcoins starting to capture a larger slice of the total cryptocurrency market capitalization.
Bitcoin Dominance provides a metric for BTC's share of the overall crypto market. This percentage reflects Bitcoin's total market cap in relation to the combined market cap of all digital currencies.
Bitcoin is currently trading at $94,916, showing a weekly decline of more than 2.6%.
Dogecoin (DOGE): The Original Memecoin
Dogecoin (DOGE), the leading memecoin by market cap, soared following Donald Trump's victory over Kamala Harris in the US presidential election. DOGE is now the 7th largest cryptocurrency, with a market capitalization exceeding $47.4 billion, and further growth is anticipated in the coming months. DOGE swiftly climbed the ranks to become well-known in the crypto world, largely due to a vibrant community energized by backing from Elon Musk. The billionaire, who is the CEO of Tesla and owner of the social media platform X (formerly Twitter), played a crucial role in Trump's campaign, contributing significantly to the president-elect's win. Musk's association with the political party may propel DOGE to new heights as the Trump administration takes office.
DOGE's value surged after Donald Trump released a statement appointing Elon Musk and Vivek Ramaswamy to head the Department of Government Efficiency, or DOGE. According to Trump, DOGE will lead efforts to “dismantle Government Bureaucracy, cut excessive regulations, reduce wasteful spending, and restructure Federal Agencies – key elements of the “Save America” Movement.”
Shiba Inu (SHIB)
Shiba Inu (SHIB) is among the top-performing memecoins, boasting a market cap of over $13 billion. Known as the “Dogecoin Killer,” this community-driven token has delivered impressive returns over the past year, increasing by more than 108%. SHIB is also a proud participant in the Solana network and shares a close bond with Husky Inu. The memecoin quickly became famous in the crypto sphere and is now a recognized name. SHIB, launched in 2020, ranks as the 14th largest cryptocurrency by market cap and is the second most significant memecoin after Dogecoin (DOGE). This decentralized, community-based initiative and its native token, SHIB, quickly attracted a loyal investor base, thanks to its appeal and endorsements from industry leaders like Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk.
Husky Inu (HINU) Poised to Capitalize on Timing
Crypto watchers and enthusiasts welcomed the conclusion of Gary Gensler’s harsh regulatory stance. During his tenure, numerous large crypto firms and notable figures faced stringent oversight, prompting many to move operations outside the US. Donald Trump's pledge to transform the US into the global crypto hub has won over a sizable part of the industry, and this optimism is evident in the current market trends.
The renewed positivity towards digital assets is expected to benefit emerging projects as investors regain confidence in the sector.
Husky Inu (HINU), the latest buzz in the memecoin scene from the Solana network, is set to benefit from the recent industry developments. Husky Inu has successfully initiated the presale of its token, HINU, and is aiming to dominate the memecoin market with a strong community and innovative rewards.
Since its launch, the presale has garnered over $686,000, with expectations of rapid growth as the crypto market heats up. Husky Inu is developing exciting features, such as an Earn App and a Decentralized Exchange. The Earn App will offer HINU tokens as rewards to users engaging with the platform, while the Decentralized Exchange will enable decentralized transactions, enhancing utility and value for HINU investors. Husky Inu incorporates several distinctive elements that differentiate it from typical investment options, including a limited token supply, a deflationary model, fast transactions, and charity voting.
Participate in the HINU presale now to take advantage of the significant opportunities within the expanding crypto market.
Follow these links for more details 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.
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