The altcoin sector continues to register massive gains, with Ripple (XRP), Stellar (XLM), Shiba Inu (SHIB), and Brett (BRETT) making substantial movements. With Bitcoin’s dominance declining, the market prepares for the altcoin season to move in.
Bitcoin’s dominance is declining after recently reaching its peak, indicating investors are turning their focus to smaller alternative projects in hopes of finding the next big gainer. Let’s look at altcoin projects that are currently making waves for their impressive gains and potential for future growth.
Ripple (XRP) Revival Continues
Ripple (XRP) has witnessed one of its most profitable months in a long while after news of Gary Gensler’s imminent resignation emerged. Ripple Labs has been embroiled in a highly publicized legal battle with the securities agency for which Ripple paid a hefty price. In 2020, the regulator sued Ripple for its supposed breach of securities laws, resulting in many exchanges, such as Coinbase, Kraken, Bitstamp, and Gemini, choosing to delist XRP. Ripple finally found some relief after a partial victory in 2023 ended the SEC’s 3-year-long crusade against the company. The Southern District of New York Court delivered a partial victory to Ripple in its matter with the SEC after Judge Analisa Torres ruled that Ripple’s XRP token is “not necessarily a security 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.
While the Base Chain’s ecosystem rapidly expands, it provides the foundation for BRETT’s success by allowing it to leverage the expertise and resources of other projects on the chain. BRETT is expected to surge exponentially as the Base Chain grows.
Shiba Inu (SHIB) Surges Amid Updates to Shibarium Bridge
Shiba Inu (SHIB) gained an impressive 20% in the 24-hour charts as developers successfully rolled out enhanced security upgrades to Shiba Inu’s Shibarium bridge. Shibarium is Shiba Inu’s Layer-2 blockchain, which enables seamless and secure token transfers between Ethereum and Shibarium. The bridge will also undergo a hard fork next week to optimize network performance, improve transaction speeds and address scalability concerns.
SHIB, the native token of Shiba Inu, is one of the top-selling memecoins by market cap. The decentralized community-led token and its reputation as the “Dogecoin Killer” has yielded impressive rewards in the past year, gaining over 225%. SHIB is one of the biggest Solana-based memecoins, which quickly rose to fame in the crypto industry and has since become a household name. SHIB, launched in 2020, is currently the 10th largest crypto by market cap and the second biggest memecoin after Dogecoin (DOGE). SHIB surged in popularity thanks to its dedicated community of investors, its charm, and the support of industry giants such as Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk.
Husky Inu (HINU) Presale Nears Fundraising Target
Husky Inu (HINU) is the latest Solana-based memecoin to grace the market. Husky Inu was created to bring its holders more value and utility by leveraging this robust blockchain. The project and its native token, HINU, want to make their mark on the saturated memecoin market by building a supportive community with innovative features and enhanced rewards.
Husky Inu recently launched the presale for HINU, and the fundraising has attracted a fair amount of attention. Since going live, the presale has generated over $590,000 and will soon reach fundraising goals.
Husky Inu’s presale success is powered by its unique qualities and future plans, aiming to its own Earn App and Decentralized Exchange. The Earn App will reward users with HINU tokens for engaging with the projects and completing minor tasks such as liking, reposting, and sharing content. Husky Inu’s Decentralized Exchange will facilitate decentralized trading and, in doing so, will improve the utility and value of HINU for its holders.
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.
