Bitcoin (BTC) Breaks $85,000, Altcoin Season Draws Closer as ETH, DOGE, SOL Rally

Bitcoin (BTC) is unstoppable, breaking records and setting new all-time highs every chance it gets. The world's leading crypto hit $85,000 earlier today

Bitcoin (BTC) price hit a new all-time high earlier today, rallying past the $84,000 mark. The world’s leading cryptocurrency has been on a tear since Donald Trump won the US presidential election by a landslide, sparking optimism and bullish sentiment in the market. As BTC price rallied, so did altcoins, with ETH, DOGE, and SOL posting impressive gains.

Here’s a closer look at some promising altcoins that could skyrocket in the future.

Ethereum (ETH) Rallies Past Crucial Resistance

Ethereum (ETH), the second-largest cryptocurrency, has shown signs of relative weakness in recent months. Despite being the backbone of decentralized applications (dApps) and smart contracts, ETH price took a hit as network activity declined, making it more vulnerable compared to BTC.

While hype built around Ethereum (ETH)’s newly adopted PoS system, demand for its blockchain services has slowed down. Lower gas fees, while beneficial for users, have reduced the income for miners and validators and impacted ETH’s price. Moreover, the supply of ETH has increased, putting further pressure on the asset’s value. As investors shifted their focus to other altcoin opportunities, ETH price struggled to stay afloat but finally made a comeback.

However, ETH price turned a corner after BTC’s incredible run and broke through the crucial $3,000 mark, rallying over 36% in the past week. At the last check, ETH price was trading around the $3,310 level.

Solana (SOL) and Dogecoin (DOGE) Emerge as Superstars

While BTC’s phenomenal rally continues to amaze, it also set the stage for Solana (SOL) and Dogecoin (DOGE) to rise to astronomical levels. Solana, the go-to blockchain for memecoin development, boasts some of the most unique features of any network. It offers excellent developmental tools and resources and creates an attractive environment for many 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 Trump’s victory, SOL reached its highest price since November 2021 and has become the 4th largest cryptocurrency by market cap. Solana (SOL) trades at $218 after gaining nearly 37% in the past week.

Dogecoin (DOGE) is certainly riding on BTC’s upward momentum, surging over 106% in the past week and trading for $0.3225. The project is the largest memecoin by market cap and is the 6th largest crypto with a market cap exceeding $47.4 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.

Newbie Husky Inu (HINU) Counters Mainstream Tokens

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 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.

The HINU presale has been met with great response and, since going live, has generated over $480,000, with numbers rapidly increasing. 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 many unique features that set it apart from traditional investment opportunities, including a capped token supply, a deflationary mechanism, speedy transactions, and charity voting.

For more information on Husky Inu, visit the following links:

Website: Husky Inu Official Website

Twitter: Husky Inu Twitter

Telegram: Husky Inu Telegram