Memecoins are making marginal recoveries after spending weeks in the red. Amid the broader memecoin recovery, investors are continually looking at alternative projects such as Husky Inu ($HINU) to help mitigate the potential uncertainty of the inherent crypto market.
Memecoins have been down in price over the past weeks but appear to be making a marginal recovery. While memecoins such as Dogecoin ($DOGE), Shiba Inu ($SHIB) and Dogwifhat ($WIF) make their recovery, Husky Inu ($HINU) continues its hugely successful presale and presents an alternative to those looking beyond the parameters of the traditional investments. While memecoins and the crypto market are a significant attempt to make up lost ground, more and more investors are flocking to projects such as Husky Inu ($HINU).
What’s Going on with Bitcoin ($BTC) and Ethereum ($ETH)
Bitcoin ($BTC) Gains Over 145% In The Past Year
Bitcoin (BTC), the undisputed leader of the cryptocurrency world, has maintained its position as the most trusted digital asset. BTC’s supply cap of 21 million coins positions it as the digital equivalent of gold. New BTC coins are minted through the process known as the “Block Reward,” where miners are compensated with 3.125 BTC per block added to the blockchain. As the dominant store of value, BTC remains the go-to choice for institutional investors. However, its recent price fluctuations have left some questioning whether BTC can continue to dominate the market in the long term.
In today’s session, $BTC is trading at $64.368, gaining 2% over the past day. $BTC, the highest-ranking crypto by market cap, saw months of turmoil, but sentiment around it has drastically changed. Over the past year, $BTC has gained a whopping 145.60%.
Ethereum ($ETH) Slows in Comparison to $BTC
Meanwhile, Ethereum (ETH), the second-largest cryptocurrency, has shown signs of relative weakness. Despite being the backbone of decentralized applications (dApps) and smart contracts, $ETH has struggled with declining network activity, increasing its vulnerability compared to $BTC. Since Ethereum transitioned to Proof-of-Stake (PoS) in 2022, its value has fallen significantly against $BTC, reaching a low that hasn’t been seen since April 2021.
ETH’s price is struggling to stay afloat as investors seek more profitable avenues such as Husky Inu ($HINU). Despite the hype around Ethereum (ETH)’s PoS system, the demand for its blockchain services has stagnated. 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, creating further pressure on the asset’s value.
In today’s session, $ETH has gained 0.91%, 13.14% over the past week, and 67.11% in the past year. While $ETH’s growth is nothing to be shy about, it simply cannot compare with projects such as $BTC or Solana ($SOL), which has gained a whopping 672.76% over the past year.
While Bitcoin and Ethereum still hold a 56% and 14.1% dominance, major altcoin projects are quickly moving in to claim their undisputed dominance.
Investors Turn to Memecoins for Potential Profits
It is clear to see that investors are turning their attention to the tricky memecoin market. In the past year, the total market cap of memecoins has risen by $15.2 billion to a staggering $44.53 billion – an obvious sign that new entrants have entered the market or existing investors have changed their investment strategies.
Memecoins such as Husky Inu ($HINU) have entered the memecoin space to take advantage of this perceived “shift’ in investment strategies. Husky Inu itself was to add more value and utility to its holders by leveraging the power of the Solana blockchain. Husky Inu is working hard to build a platform that fits its purpose. The project’s recently launched presale has gone very well, with the first stage selling out within days. The second stage of its presale sold out, and the project is undertaking its third fundraising round with great enthusiasm. Since going live, the presale has generated over $417,000.
What Does Husky Inu ($HINU) Offer?
Husky Inu’s presale is no surprise, given what the platform has in store. The project plans to launch its Earn App and Decentralized Exchange. Husky Inu’s Earn App will reward users with $HINU tokens for engaging with the project and completing simple tasks such as liking, reposting, and sharing content. The project’s Decentralized Exchange will facilitate decentralized trading, thereby improving the utility and value for $HINU holders.
Beyond its grand future plans, $HINU assures it prioritizes a reliable token ecosystem maintained through a well-set-out distribution model and capped token supply. $HINU has a capped token supply of 100 billion and boasts a deflationary quality. The deflationary aspect means that 50% of all platform fees collected from the upcoming Husky Inu Exchange and DEX will be used to buy and burn $HINU tokens to reduce the circulating supply of $HINU.
Buying the $HINU Presale
Connect a Wallet:
The presale widget can be found on the top of Husky Inu’s webpage. To get started, users can connect their wallets using various options. Should you encounter any issues or cannot connect, please contact Husky Inu’s official Telegram Channel.
Select a Network:
After connecting their wallet, users can join the $HINU presale on the Solana chain. You can purchase $HINU tokens using native currency or with BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT on Ethereum Tron chains.
Buy Tokens:
Specify the amount of BTC, ETH, BNB, LTC, USDT, DOGE, TRX, DASH, or BCH you would like to trade for $HINU, and then approve the transaction in your wallet. Remember that you will not receive tokens immediately during the presale but can claim them once it has concluded.
$HINU Hopes To Follow in Its Best Friend Footsteps
Shiba Inu ($SHIB) is the second largest memecoin and the 13th largest cryptocurrency by market cap. $SHIB is a decentralized community-led project which quickly became a fan favourite, amassing a market cap of almost $8.78 billion. The project quickly gained the attention of its dedicated community thanks to its overall charm and support from industry giants, including Elon Musk and Vitalik Buterin.
While Husky Inu hopes to follow in SHIB’s footsteps, the project is undoubtedly poised to do so. Husky Inu stands out from the memecoin crowd due to some fantastic features. The project is committed to a reliable token ecosystem maintained through a carefully bespoke distribution model and a capped maximum supply. In the past week, Shiba Inu gained over 11.68%.
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.
Source: https://cryptodaily.co.uk/2024/09/shiba-inu-shib-investors-rush-to-best-friend-husky-inu-hinu-as-btc-and-eth-recover