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Most top cryptocurrencies by market cap are trading in the green, with BTC trading at around $92,000. Altcoins, including Solana (SOL), Stellar (XLM), and Ripple (XRP) have gained notably over the past day.
The crypto market is trading up again today, with some of the biggest projects such as Bitcoin (BTC), Solana (SOL), Ripple (XRP) and Stellar (XLM) the top gainers. BTC is trading steadily around the $92,000 level. As Bitcoin nears its peak dominance, we approach the altcoin season, and investors are turning their attention to these smaller projects.
Let’s explore some of the top altcoins to look out for!
Stellar (XLM)
The Stellar network is similar to the Ripple ($XRP) network. It is a decentralised payment platform and cryptocurrency that facilitates low-cost cross-border payments quickly and enables 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). Stellar was developed as a fork of the Ripple protocol. It 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. Stellar uses its consensus algorithm called the Stellar Consensus Protocol (SCP), allowing quick transaction confirmation by a network of trusted nodes and avoiding resource-intensive mining.
Lumens (XLM) are a bridge asset, enabling seamless value exchange between different currencies and facilitating cross-border transactions. Lumens protect the network against spam attacks and ensure its security and reliability. Stellar goes beyond payment capabilities and focuses heavily on supporting micropayments and enabling the issuance of digital assets through its decentralized exchange abilities. Stellar’s additional focus makes it desirable for applications such as remittances and tokenized assets and for facilitating access to financial services in jurisdictions lacking traditional financial infrastructure. Through an open and inclusive approach to connecting financial systems, Stellar aims to create an inclusive and accessible global financial ecosystem. Stellar’s main features include fast and inexpensive transactions and cheaper transactions than traditional remittance methods. The network can also be used to build dApps.
XLM is one of the top gainers of recent days, up over 122% in the past seven days and up a whopping 26% in the 24-hour charts.
Solana (SOL)
Solana (SOL) is undoubtedly one of the most significant topics of conversation in 2024, boasting impressive gains exceeding 314% over the past year. Solana sports some of the most unique features of any network and has become the go-to blockchain for memecoin development. The blockchain is designed to handle high numbers of TPS at low transaction fees. Solana’s ability to process transactions quickly ensures that trades are efficiently executed, a feature essential to memecoin, which, by nature, is subject to rapid price fluctuations. Memecoins rely on community support, and Solana has cultivated a robust and active community which ideally serves memecoins. The blockchain also offers excellent developmental tools and resources, making it an attractive environment for developers to create and deploy new tokens effortlessly. 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.
Following Donald Trump’s victory in the US presidential election, SOL reached its highest price since November 2021, at $243. It has become the 4th largest cryptocurrency by market cap after BTC, ETH, and USDT. SOL has increased over 54% in the past month, gaining nearly 10% in the past week.
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.
Ripple has long been stuck around the $0.50 level and was slow to gain with the rest of the altcoin market. XRP, however, witnessed a significant surge last week, gaining nearly 115% in the past month. XRP trades at $1.17, up over 98% in the past day week and up almost 9% in the 24-hour charts.
Husky Inu (HINU)
If you missed this bull run, don’t fret because Husky Inu’s presale might be your saving grace.
Husky Inu is the most recent memecoin adventure on the Solana ecosystem and was created to bring more value and utility to its holders.
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 over $540,000, 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.
HINU presale tokens are available for a mere $0.00012500, which could ensure a bright future for its early investors.
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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