Bitcoin (BTC) Is Back Above $100K! 3 Large-Cap Altcoins That Made Major Gains Recently

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As a seasoned researcher with over a decade of experience in the dynamic world of cryptocurrencies, I must say that the recent market events have been nothing short of exhilarating. The US presidential election and Gary Gensler’s resignation from the SEC have undeniably sparked a new era for digital assets, particularly Bitcoin (BTC) reaching its all-time high of $103,900.

Following Donald Trump’s victory in the U.S. presidential election and Gary Gensler’s upcoming resignation as SEC Chair, the market experienced a remarkable surge. This significant double whammy led Bitcoin (BTC) to breach the $100,000 mark for the first time, reaching an all-time high of $103,900. However, after a correction, Bitcoin dipped below the $100,000 level. Subsequently, it rebounded, enabling Bitcoin to trade above this crucial threshold once more.

Bitcoin (BTC) continues to be viewed as the most reliable digital currency, serving as a model for other cryptocurrencies. Being the leading form of digital wealth, BTC is preferred by institutional investors, and its recent surge to an all-time high of $103,900 demonstrates why it enjoys such widespread trust.

Large-Cap Altcoins Make Major Gains

Cryptocurrency fans have long anticipated the price of Bitcoin reaching $100,000, and they’re always on the lookout for investments that will soar along with Bitcoin’s rise. Even though Bitcoin leads the market, numerous projects have surpassed its growth rate, with this number growing every day. Bitcoin has been and continues to be the greatest of all time (GOAT) in the eyes of many, being considered the digital version of gold. However, as we move towards altcoin season, alternative cryptocurrencies are more likely to offer higher returns.

Among the notable investment possibilities within the altcoin market are perennial favorites like Ripple (XRP), Solana (SOL), and Cardano (ADA). Additionally, the relatively new Solana-based token, Husky Inu (HINU), has made a strong impact in the crypto industry.

Ripple’s XRP Rallies

Over the last month, Ripple’s digital token, XRP, has experienced significant growth and currently ranks as the fourth-largest cryptocurrency, boasting a market capitalization surpassing $136 billion. This surge in value, following the news of Gary Gensler’s planned departure, has driven the price of XRP up to $2.29, representing a remarkable 240% increase over the past month.

As a researcher, I’m excited to share some recent positive developments concerning Ripple. The former chair of the Commodity Futures Trading Commission (CFTC), Chris Giancarlo, has predicted that the Securities and Exchange Commission (SEC) may soon dismiss its case against the company. This prediction has added more optimism to the situation.

Cardano’s ADA Gains Almost 100% in the 30-day Charts

Following Donald Trump’s election victory, Cardano (ADA) has experienced significant gains. Data from on-chain activity indicates a rise in weekly active addresses for Cardano since the crypto market uptrend sparked by Trump’s win commenced on November 6th. This increased network activity and large-scale purchases have contributed to an optimistic forecast for ADA. Moreover, after the developers of the Cardano blockchain, the Cardano Foundation, presented a revised proposal for the Cardano Constitution to enhance governance, interest in ADA has escalated. The updated constitution plan includes modifications to constitutional workshops, social media discussions, and input from experts and the community. These changes aim to make the Cardano governance framework more accessible and clear for non-technical users. Additionally, the surge in interest for Cardano (ADA) was fueled by its founder, Charles Hoskinson, announcing intentions to contribute to U.S. crypto policy under Donald Trump’s upcoming administration. In the past month, ADA has seen a rise of over 95% and is currently trading at $1.11.

Solana (SOL) Market Cap Exceeds $106 Billion

This year, Solana (SOL) has been one of the most scorching alternatives to Bitcoin, with its value skyrocketing by more than 233% over the past year. The Solana network is rapidly becoming the preferred destination for developers working on meme-based cryptocurrencies due to its exceptional capacity to process high transactions per second (TPS) at remarkably low fees. The strength of the Solana blockchain, combined with its energetic and vibrant community, makes it an ideal environment for the creation and growth of memecoins.

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. SOL reached a new ATH of $263.70 on November 23 as Solana ETF regulatory filings surged after Gary Gensler confirmed his departure from the SEC. SOL lost some ground since reaching its ATH and is now the 5th largest cryptocurrency with a market cap of $107.12 billion, currently trading for $223.55. 

Newcomer Husky Inu (HINU) Completes Third Presale Round

With Bitcoin trading near the $100,000 mark and top altcoins seeing solid growth, it’s crucial for investors to seek out affordable alternatives to capitalize on the ongoing bull market. That’s exactly what Husky Inu represents.

“Husky Inu (HINU) is a fresh addition to the Solana network, designed to provide greater value and functionality to its token holders by harnessing the strength of this resilient blockchain. The newly-launched HINU token in Husky Inu has seen tremendous success during its presale, and it aims to dominate the memecoin market with a strong, collaborative community that offers innovative features and increased incentives.

Recently, Husky Inu concluded its third funding phase successfully, raking in a total of approximately $618,000 since its launch.

Husky Inu is busy developing some intriguing projects, such as an Earn Application and a Decentralized Trading Platform. The Earn App will offer HINU tokens to users who participate in the project, while the Decentralized Exchange enables peer-to-peer trading, enhancing utility and value for HINU investors. Husky Inu distinguishes itself from conventional investment options with its limited token supply, deflationary model, quick transactions, and charitable voting system.

HINU coins can currently be purchased for a low price of approximately 0.00015 USD, with predictions of a significant increase in value following their listing on prominent trading platforms.

Twitter: Husky Inu Twitter

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2024-12-13 20:06