Memecoins Shiba Inu (SHIB) and Brett (BRETT) Surge Over 20% in Daily Charts. Who is Next?

by

As an analyst with over two decades of experience in the financial markets, I’ve seen my fair share of bull runs and bear markets. However, the current altcoin season is truly fascinating, particularly the performances of Ripple (XRP), Brett (BRETT), Shiba Inu (SHIB), and Husky Inu (HINU).

The area of altcoins is witnessing significant increases, as Ripple (XRP), Stellar (XLM), Shiba Inu (SHIB), and Brett (BRETT) are all experiencing significant shifts. As Bitcoin‘s influence weakens, the market gears up for an altcoin rally.

After hitting a high point, Bitcoin’s influence seems to be dwindling, suggesting that investors are shifting their attention towards lesser-known alternative projects in search of the next significant profit maker. Here’s a glance at some altcoin projects that are currently generating buzz due to their substantial returns and potential for further development.

Ripple (XRP) Revival Continues

In simpler terms, the value of Ripple (XRP) has significantly increased recently due to the anticipation of Gary Gensler’s departure from his role. Ripple Labs, the company behind XRP, has been engaged in a high-profile legal dispute with a securities agency over allegations that they violated securities laws. This lawsuit, which was filed in 2020, led several exchanges like Coinbase, Kraken, Bitstamp, and Gemini to remove XRP from their platforms. However, Ripple gained some respite in 2023 when a partial victory ended the Securities and Exchange Commission’s (SEC) three-year campaign against them. In a court case in the Southern District of New York, Judge Analisa Torres ruled that Ripple’s XRP token might not be considered a security based on its face.

XRP gained a whopping 265% in the past month, surging 41% in the past week. XRP currently trades at $1.89.

Brett (BRETT) Gains Over 50% in the Past Week

Base Network memecoins recently uprooted the memecoin market, which has primarily been dominated by Solana-based memecoins. Base, Coinbase’s Layer 2 chain, is becoming an increasingly popular platform to launch memecoins, and BRETT is the chain’s most successful coin with a market cap of $2.3 billion. BRETT gained over 51% in the past week and a whopping 500% in the past year. 

As the Base Chain’s network continues to broaden swiftly, it lays a strong base for BRETT’s thriving future. This is achieved by giving BRETT access to the knowledge and resources from other projects within the chain. The anticipation is that BRETT will experience significant growth as the Base Chain continues to expand.

Shiba Inu (SHIB) Surges Amid Updates to Shibarium Bridge

Over the past 24 hours, Shiba Inu (SHIB) experienced a significant surge of approximately 20%, thanks to successful implementation of heightened security updates on the Shibarium bridge by developers. Shibarium represents Shiba Inu’s Layer-2 blockchain designed for smooth and secure token transfers between Ethereum and Shibarium. Next week, the bridge will undergo a hard fork with the aim of enhancing network efficiency, accelerating transaction speeds, and addressing scalability issues.

Shiba Inu’s native token, SHIB, is one of the most popular meme-based cryptocurrencies in terms of market capitalization. This decentralized, community-driven coin has earned a reputation as a potential challenger to Dogecoin (DOGE), and its performance over the past year has been remarkable, with gains exceeding 225%. SHIB is one of the leading meme coins on the Solana platform, rapidly gaining traction in the crypto industry and becoming widely recognized. Launched in 2020, SHIB currently ranks as the 10th largest cryptocurrency by market cap and is the second most significant meme coin after Dogecoin (DOGE). The surge in popularity of SHIB can be attributed to its dedicated investor community, its allure, and the backing it has received from notable figures such as Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk.

Husky Inu (HINU) Presale Nears Fundraising Target

Husky Inu, or HINU, is the newest cryptocurrency built on Solana’s platform. Just like its namesake, Husky Inu aims to offer greater value and functionality to its users by capitalizing on this powerful blockchain infrastructure. The project and its token, HINU, strive to carve out a unique niche in the crowded memecoin market through the development of an engaging community, innovative features, and attractive rewards.

Recently, Husky Inu initiated the pre-sale for their HINU token, which has since garnered significant interest. Since its launch, the pre-sale has raked in more than half a million dollars and is approaching its fundraising targets.

The achievement of Husky Inu’s presale is driven by its distinctive features and future objectives, which center around its planned Earn App and Decentralized Exchange. The Earn App is designed to compensate users with HINU tokens for interacting with the platform and accomplishing simple tasks like liking, reposting, or sharing content. Husky Inu’s Decentralized Exchange will foster decentralized trading, thereby enhancing the practicality and worth of HINU for its owners.

Twitter: Husky Inu Twitter

Telegram: Husky Inu Telegram

Read More

2024-12-01 20:09