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Cryptocurrency News Articles

This New Solana (SOL) Rival Meme Coin (HINU) Is Making Waves in the Crypto Space

Nov 08, 2024 at 12:01 am

Husky Inu ($HINU) entered the crypto space with a bang to compete with industry giants, including Dogecoin and its new best friend, Shiba Inu.

This New Solana (SOL) Rival Meme Coin (HINU) Is Making Waves in the Crypto Space

After a nail-biting election, Republican nominee Donald Trump has emerged victorious, securing his second term as the United States' 47th President. Markets have reacted positively to the news, continuing their bullish run.

Bitcoin has reached a new all-time high and currently trades around the $74,800 level. In other news, crypto-pro Trump has won the election by a landslide, sending crypto markets through the roof.

Pauline Shangett, CMO at ChangeNOW, had this to say about the election results:

“Trump’s victory over Kamala Harris has breathed new life into the crypto industry, and sentiment is overwhelmingly bullish. The former president has been vocal about his pro-crypto stance and has managed to settle investors' worries about the future of crypto in the US.”

Let’s look at some of this year’s top altcoin buys!

Solana (SOL)

Solana (SOL) has been one of the hottest topics of 2024, boasting impressive gains of over 348% over the past year. Solana features some of the most unique aspects of any network and has become the go-to blockchain for memecoin development. The blockchain is designed to handle a high volume of TPS at a low transaction cost. Solana’s ability to process transactions quickly ensures that trades are executed efficiently, a crucial feature for memecoins, which are inherently subject to rapid price movements.

Memecoins rely on community support, and Solana has cultivated a strong and active community, which serves memecoins ideally. The blockchain also offers excellent development tools and resources, making it an attractive environment for developers to create and deploy new tokens effortlessly. Solana (SOL) has emerged as a major player in the crypto space and now aims to capture a significant portion of Ethereum’s (ETH) market share.

Following Trump’s victory, SOL has reached its highest price since November 2021, hitting $187 and becoming the 4th largest cryptocurrency by market cap.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is a top-selling memecoin with a market cap of over $11 billion. The decentralized community-led token and its status as the “Dogecoin Killer” have yielded impressive rewards over the past year, gaining over 128%. SHIB is also a proud member of the Solana network and Husky Inu’s best friend.

The memecoin quickly rose to prominence in the crypto industry and has since become a household name. Launched in 2020, SHIB is currently the 12th largest crypto by market cap and the second-biggest memecoin after Dogecoin (DOGE). This decentralized, community-led project and its native token, SHIB, have quickly garnered attention from its dedicated community of investors thanks to its charm and support from industry giants like Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk. SHIB has gained over 6% over the month and seems poised to explode in the upcoming bull cycle.

Husky Inu (HINU)

Husky Inu ($HINU) has entered the crypto space with a bang, aiming to rival industry giants like Dogecoin and its newfound best friend, Shiba Inu. The project has an Earn App and a Decentralized Exchange in the works. The Earn App will allow its users to receive $HINU tokens as a reward for engaging with the platform. The DEX will facilitate decentralized trading and enhance utility and value for $HINU holders.

Husky Inu ($HINU) and its native token were designed to improve utility and value for its holders by harnessing the power of the Solana ecosystem. The project aims to conquer the industry to create a robust and supportive community with improved features and rewards.

The project’s recently launched presale has performed exceptionally well, with the first stage selling out in a matter of days. The second stage of its presale also sold out, and the project is enthusiastically undertaking its third round of fundraising. The presale has managed to generate over $473,000 since going live.

Husky Inu has distinguished itself through its dedication to a reliable token ecosystem, which it achieves through a carefully designed distribution model and a capped maximum supply. Husky Inu boasts several unique features that set it apart from traditional investment opportunities, including:

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

Website: Husky Inu Official Website

Twitter: Husky Inu Twitter

Telegram: Husky Inu Telegram

News source:cryptodaily.co.uk

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