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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. BTC set its all-time high yesterday after reaching $93,434. The market has since corrected, but this was anticipated following such an explosive run.
Pauline Shangett, CMO at ChangeNOW, commented on the market’s correction, stating:
“The recent bull run exceeded everyone’s expectations but ultimately faced a correction. We knew this would happen, and great things still await us in the run-up to the presidential inauguration and the upcoming altcoin season.”
Bitcoin Sets the Stage for Altcoin Greatness
Bitcoin's impressive surge following the election result sparked renewed interest in cryptocurrencies. With BTC setting the example, altcoin have firmly followed in its footsteps, and the memecoin sector gained immensely. The latest bull is giving market watchers a glimpse of what is possible as traders and investors gear up for altcoin season.
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 6th largest crypto with a market cap exceeding $57.5 billion. Elon Musk, the world’s richest man with a net worth exceeding $300 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. Musk recently 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 100% in the past week, currently trading at $0.3919.
Pepe (PEPE) Surges Over 112%
Pepe (PEPE) is a fan favourite among crypto investors, gaining a whopping 1,850% in the past year. The project is currently the third largest memecoin by market cap and quickly gained infamy for being a tribute to the 2000s internet meme sensation Pepe the Frog. Pepe’s likeability and continued reward streak should be enough to add to your portfolio. Pepe (PEPE) has developed a robust community and is gaining traction in the meme coin arena. Its rapid ascent has drawn parallels with other popular meme tokens, and future projections remain highly optimistic. Expectations are set for PEPE to potentially increase by over 2100% by 2030, making it an attractive option for those interested in memecoins' speculative aspects.
Pepe has also handsomely gained since the Trump victory, gaining over 113% in the past week. PEPE is up over 4% in the past 24 hours and looks poised for immense gains after crypto exchanges Robinhood and Coinbase listed PEPE for trading.
Dogwifhat (WIF) Gains Massively After Exchange Listing
Dogwifhat ($WIF) is still a newcomer to the crypto market and has significantly impacted the industry. WIF has high hopes of becoming the new top dog, and despite its infancy, WIF yielded an immense 2,289% gain in the past year, currently trading near its ATH at $4.01. Dogwifhat (WIF) is in the spotlight and has joined BTC’s upward momentum. It underwent an immense surge after Coinbase announced it would support WIF for trading. WIF’s recent upward momentum has analysts predicting a potential 2000% increase for the year, placing it firmly on investors' radar. WIF’s impressive gain is supported by its strong community engagement, strategic partnerships, and bullish market sentiment.
Could Husky Inu (HINU) Be The Next Unicorn?
Husky Inu (HINU) is one of the newest members of the highly coveted Solana network, created to bring its holders more value and utility by harnessing the power of this popular 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.
Since going live, the presale has generated nearly $500,000, with numbers rapidly rising. 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.
With the current memecoin hype, Husky Inu could well be your ticket to make it in the upcoming altcoin season.
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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