The crypto market is abuzz after a massive bull run saw Bitcoin (BTC) break new records. Altcoins, specifically memecoins, also reached new highs, and their run is likely to continue as we near the start of the altcoin season.
The crypto market has exploded, with Bitcoin setting new ATHs day after day and altcoins making double-digit daily gains. A fierce bull run was triggered after the pro-crypto republican candidate Donald Trump secured victory in the US presidential election, and his inauguration is set for January 20. BTC set its all-time high earlier today at $109,114, and we might see it run further amid Trump’s inauguration ceremony.
Bitcoin (BTC) Soars to New ATH Amid Trump Inauguration
Bitcoin’s impressive surge following the election result sparked renewed interest in cryptocurrencies. With BTC leading the charge, altcoins have firmly followed in its footsteps, and the memecoin sector has gained immensely. The renewed interest gives market watchers a glimpse of what is possible as traders and investors gear up for the incoming administration.
Let’s look at some of the hottest memecoins with immense profit potential.
Dogecoin (DOGE)
Dogecoin (DOGE) is the largest memecoin by market cap and is the 7th largest crypto with a market cap exceeding $56.4 billion. Elon Musk, the world’s richest man with a net worth exceeding $430 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. The tech billionaire later 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 up nearly 18% in the past week, currently trading at $0.3819.
Shiba Inu (SHIB): A Bargain Buy
Shiba Inu (SHIB) quickly rose to fame in the crypto industry and has since become a household name with a market cap exceeding $12.7 billion. SHIB, launched in 2020, is currently the 17th 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 overall charm and support from industry giants such as Vitalik Buterin.
SHIB is currently available for a bargain at $0.00002163 and has gained over 4% in the 7-day charts.
SHIB gained a massive 128% over the past year, making this an attractive investment opportunity for diversifying their portfolios and stepping into the memecoin sector.
Newcomer Husky Inu (HINU) Nears $700,000 in Presale
As BTC hovers around the $107,000 level and large-cap altcoins make good gains, 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 leveraging the power of this robust 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.
Husky Inu’s successful presale has generated nearly $700,000 since going live.
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.
HINU tokens are available at a modest $0.00015000 and are expected to surge once listed on major exchanges.
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.
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