Bitcoin and the altcoins have dominated headlines in 2024 for their immense gains. Despite a fabulous rally in November, the entire market pulled back, and BTC now trades at around $93,000.
Altcoins have dominated the headlines recently with continued gains as we near the altcoin season. Large-cap altcoins, including Cardano (ADA), Shiba Inu (SHIB) and Stellar (XLM), grabbed attention for their immense gains in November and have the market on their toes as to what will happen with their prices when we finally enter the altcoin season.
Join us as we explore the top gainers and potential winners as the altcoin season inches closer.
Cardano (ADA)
Cardano (ADA) is another major gainer since Donald Trump’s election victory. On-chain metrics show Cardano’s weekly active addresses elevated since the crypto market rally triggered by Trump’s win on November 6 began. The surge in network usage and whale buying activity has resulted in a bullish outlook for ADA. ADA further surged after the Cardano blockchain developers, the Cardano Foundation, released an updated proposal for the Cardano Constitution to improve network governance. The revised proposal includes changes to constitutional workshops, social media discussion, and expert and community feedback. The changes aim to “improve the accessibility and clarity of the Cardano governance framework,” shifting its focus to a less technical audience. Interest in Cardano (ADA) surged after its founder, Charles Hoskinson, revealed plans to help shape US crypto policy under Donald Trump’s incoming administration.
Stellar (XLM)
Stellar (XLM) made headlines in recent months for its massive gains. The Stellar network is similar to the Ripple (XRP) network - a decentralised payment platform and cryptocurrency that facilitates quick and low-cost cross-border payments, promoting financial inclusion for individuals and businesses globally. The Stellar network was created to support digital representations of any currency but has its native token called Lumens (XLM). Developed as a fork of the Ripple protocol, Stellar aims to create a global network connecting financial institutions, payment processors, and individual users, making cross-border money transfer easier and providing access to essential financial services.
XLM, in conjunction with XRP, is expected to play a significant role in the new global financial system. XRP is uniquely designed to optimize institutional liquidity for cross-border transactions. At the same time, XLM’s infrastructure was built to facilitate peer-to-peer transactions and retail-level remittances efficiently. Financial experts envision a two-tiered monetary framework using XRP and XLM at different levels for specific purposes.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the top-selling memecoins with a market cap exceeding $12.4 billion. The decentralized community-led token and its reputation as the “Dogecoin Killer” has yielded impressive rewards in the past year, gaining over 230%. 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 14th 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.
Husky Inu (HINU) Expected Surge Upon Exchange Listing
As BTC trades at around $93,000 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 the latest Solana-based memecoin to grace the market. Husky Inu was created to bring its holders more value and utility by leveraging this powerful blockchain. The project and its native token, HINU, want to make their mark on the saturated memecoin market by building a supportive community with innovative features and enhanced rewards. Husky Inu recently launched the presale for HINU, and the fundraising has attracted a fair amount of attention. Since going live, the presale has generated over $680,000 and will soon reach its fundraising target.
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.
