With Bitcoin ($BTC) experiencing some volatility, investors are looking for alternative opportunities to take advantage of in anticipation of the next bull run. There are several cheap altcoin projects to invest in that look geared for an explosive run.
Bitcoin ($BTC) and Ethereum ($ETH) Drops
Bitcoin ($BTC) is trading down after briefly breaking through the $69,000 threshold on Monday. After facing prolonged sideways price action, the world’s leading crypto appeared to be breaking its pattern. Following its sudden spike, Bitcoin dropped to a low of $66,700 before slightly recovering to trade at $66,949.
As the dominant store of value, $BTC remains the go-to choice for institutional investors. However, its recent price fluctuations have market watchers questioning whether it can continue to dominate the market in the long term.
Ethereum ($ETH), the second largest crypto by market cap, has shown signs of relative weakness. While Ethereum remains the backbone of decentralized applications and smart contracts, it has battled declining network activity. The crypto market is known for its inherent volatility, but experts are raising slight concerns over its performance.
Pauline Shangett, CMO of ChangeNOW, recently commented on Bitcoin and Ethereum’s performance, stating;
“The latest drop in Bitcoin and Ethereum underscores the volatility that continues to characterize the crypto market. While BTC's 2% drop is significant, Ethereum’s sharper 3.54% decline below $2,700 raises further concerns about market stability.”
Husky Inu ($HINU)
Memecoins such as Husky Inu ($HINU) have entered the memecoin space to take advantage of the perceived change in investment strategies. Husky Inu was created to add more value and utility to its holders by leveraging the power of the Solana blockchain. Husky Inu is working hard to build a platform that fits its purpose. 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 nearly $457,000.
Husky Inu’s presale is no surprise, given what the platform has in store. The project plans to launch its Earn App and Decentralized Exchange. Beyond its grand plans, $HINU assures it prioritizes a reliable token ecosystem maintained through a well-set-out distribution model and capped token supply. $HINU has a capped token supply of 100 billion and boasts a deflationary quality. The deflationary aspect means that 50% of all platform fees collected from the upcoming Husky Inu Exchange and DEX will be used to buy and burn $HINU tokens to reduce the circulating supply of $HINU.
Ripple ($XRP)
Ripple leverages decentralized blockchain technology to facilitate cheaper and faster cross-border payments. Unlike traditional blockchains that rely on PoW or PoS mechanisms, Ripple employs a unique consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA). The RPCA facilitates fast and efficient transactions by validating and reaching consensus across a network of nodes without utilising an energy-intensive mining process. Ripple was created to enable real-time, cross-border payments and remittances for banks and financial institutions, and it aims to be a cost-effective alternative to the SWIFT network. The $XRP cryptocurrency is the native token of the XRP Ledger and the bridge currency within the Ripple network. XRP facilitates the seamless exchange of value between different fiat currencies.
BOOK OF MEME ($BOME)
$BOME’s unique and experimental approach blends memes, decentralized storage solutions and gambling into a unified space, aiming to disrupt Web 3 culture. While the novel idea is left field, the project has received immense support from its community, showcasing the innovative and creative nature of memecoins. This cheap memecoin is one-of-a-kind and may just be the unicorn the industry has been searching for. Experts claim that Book of Meme is undervalued at a market capitalization of $601 million, especially considering it is a Binance memecoin.
With an effective marketing plan, $BOME can develop significantly in a comparatively short time. Over the past year, $BOME gained a whopping 858% and currently trades for $0.008728.
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.
