The market skyrocketed after Donald Trump won the US presidential election and SEC Chair Gary Gensler announced his imminent resignation. Since these significant events, Bitcoin (BTC) finally broke through the $100,000 level to set a new ATH of $103,900. While the market corrected, causing BTC to dip below $100,000, it has recovered, allowing BTC to trade above this vital level once again.
Bitcoin (BTC) maintains its position as the most trusted digital asset, setting the pace for the altcoin market to follow. 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 held in such high regard.
Large-Cap Altcoins Make Major Gains
Crypto enthusiasts have waited years and years for BTC to reach $100,000 finally and are continuously searching for an investment opportunity that will skyrocket with BTC’s run. While BTC 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 and is seen by many as the digital equivalent of gold. Despite BTC’s strong reputation, altcoins are more likely to deliver more significant gains as we approach the altcoin season.
Some of the biggest altcoin opportunities include the ever-popular Ripple (XRP), Solana (SOL) and Cardano (ADA). The latest newcomer from the Solana network, Husky Inu (HINU), also emerged as a significant player in the industry.
Ripple’s XRP Rallies
Ripple’s XRP has gained massively over the past month and is now the fourth-largest crypto with a market capitalization exceeding $136 billion. Ripple (XRP) has witnessed a spectacular gain in value after news of Gary Gensler’s planned exit emerged and now trades for $2.29, a whopping 240% surge in the past month. Ripple Labs has been embroiled in a highly publicized legal battle with the securities agency for which it paid a hefty price. In 2020, the regulator sued Ripple for its supposed breach of securities laws, resulting in many exchanges, such as Coinbase, Kraken, Bitstamp, and Gemini, choosing to delist XRP, causing the price to tank. Ripple finally found some relief after a partial victory in 2023 ended the SEC’s 3-year-long crusade against the company. The Southern District of New York Court delivered a partial victory to Ripple in its matter with the SEC after Judge Analisa Torres ruled that Ripple’s XRP token is “not necessarily a security on its face.” XRP’s price gained over 3.9% in the past week, with a bullish outlook for its future.
Ripple received some further bullish news after Chris Giancarlo, former chair of the CFTC, predicted the SEC would drop its case against the company. The price of XRP surged further after WisdomTree filed an S-1 application for a spot XRP ETF.
Cardano’s ADA Gains Almost 100% in the 30-day Charts
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. ADA gained over 95% in the past month and currently trades at $1.11.
Solana (SOL) Market Cap Exceeds $106 Billion
Solana (SOL) is one of the hottest altcoins this year, with gains exceeding 233% in the past year. The Solana network is the go-to platform for memecoin developments thanks to its ability to handle high TPS at low transaction fees. The power of the Solana blockchain and the network’s robust and active community make it the ideal space for memecoin development.
Solana (SOL) has become a formidable player in the crypto space, and now it is targeting a considerable part of Ethereum’s (ETH) market share. SOL reached a new ATH of $263.70 on November 23 as Solana ETF regulatory filings surged after Gary Gensler confirmed his departure from the SEC. SOL lost some ground since reaching its ATH and is now the 5th largest cryptocurrency with a market cap of $107.12 billion, currently trading for $223.55.
Newcomer Husky Inu (HINU) Completes Third Presale Round
As BTC hovers around the $100,000 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 recently completed its third fundraising round and, since going live, has generated over $618,000.
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.
