The past few days have not turned out in favour of retail traders and investors. While Bitcoin (BTC) maintains its support at $100,000, many other major cryptocurrencies are underperforming, showing a retreat across the altcoin market.
‘Tis the season for rallies, profits, and gains, but this weekend has failed to bring much-needed relief for retail investors. While BTC holds steady above $100,000, major altcoins, including Pepe (PEPE), Cardano (ADA), Solana (SOL), and Ripple (XRP) are facing bearish action resulting in price drops ranging between 5% and 8%. All hope is not lost as BTC maintains its position, trading around $101,700. The upcoming weeks should result in recovery as President-elect Trump’s inauguration draws closer, along with the official resignation of current SEC chief Gary Gensler.
Join us as we delve into four altcoin projects analysts predict will soon gain traction.
Pepe (PEPE)
Pepe (PEPE) is a notable underperformer of the past few days, losing nearly 5% in the 24-hour charts and almost 10% in the weekly charts. The much-beloved memecoin has lost almost 20% of its value since recently setting a new ATH and now trades for $0.00002299.
Pepe (PEPE) is a fan favourite among crypto investors, gaining a whopping 1,520% in the past year. The project is currently the third largest memecoin with a market cap of $9.64 billion. This popular memecoins quickly gained infamy for being a tribute to the 2000s internet meme sensation Pepe the Frog. Pepe has continued a reward streak driven by its robust community, rapid ascent and highly optimistic future projections. Analysts predict the memecoin will potentially increase by over 2100% by 2030, positioning it as a prime opportunity for those interested in meme coins’ speculative aspects. Pepe has also handsomely gained since the Trump victory, gaining over 14% in the past month. PEPE’s popularity and value surged after exchanges Robinhood and Coinbase listed the memecoin for trading, skyrocketing the memecoin to a new ATH of $0.00002748 on December 9, 2024.
Floki Inu (FLOKI)
Floki Inu (FLOKI) also appears to be having difficulty over the past few days, resulting in a 6.8% decline in the 24-hour charts at the time of writing. Despite releasing a no-fee crypto debit card earlier this week, FLOKI’s price dropped nearly 14% over the past week.
Floki Inu (FLOKI) initially came to market as a celebration of the meme culture but quickly rose through the ranks to become a serious investment opportunity. The project owes its success to a very active community and innovative marketing campaigns, allowing it to expand its utility. Floki Inu recently became a fully functional Web 3 service provider housing a range of Web 3 features. With its expansion, the Floki ecosystem now houses a range of Web 3 ventures, including TokenFi for NFT and asset tokenization, a P2E metaverse, a staking dApp, and a Decentralized Finance (DeFi) marketplace.
While FLOKI’s recent underperformance is understandable, given the broader market downturn in the face of macroeconomic uncertainty, FLOKI will likely recover in the coming weeks.
FLOKI’s zero-fee debit card allows users to spend Bitcoin (BTC), Ether (ETH), USD Coin (USDC), tether (USDT), BNB Chain’s BNB and FLOKI globally at merchants that accept VISA or Mastercard. There are zero transaction and exchange rate fees, and it is compatible with over eight blockchain networks. The card is currently available in 31 European countries with plans to expand the offering to other countries in future.
Popcat (POPCAT)
POPCAT is a recent addition to the crypto sector, aiming to revive the market still plagued by challenges such as inactive wallets and volatility. The memecoin addresses common issues like pump-and-dump schemes and rug pulls by promoting transparency and security. Utilizing innovative blockchain technology and leveraging the power of the Solana network, POPCAT seeks to provide fast and secure transactions. The project’s goals are robust, and its potential to deliver significant returns makes it a coin of interest for those looking to explore new ventures in the digital asset space. POPCAT’s (POPCAT) market cap has grown to $1.05 billion, but its price has pulled back heavily following a good rally after Donald Trump’s election victory. POPCAT’s performance over the past week and month has been very bearish, resulting in a 35% drop in the 30-day chart.
Despite its recent underperformance, the memecoin has been successful as the first-ever cat-themed token. POPCAT’s staggering 6,522% gain over the past year demonstrates that meme culture, backed by strong community support, can propel projects to the top of the market.
Husky Inu (HINU)
As BTC continues to trade around $100,000, investors must look for well-priced alternative investment opportunities to profit from the bull run, and Husky Inu is precisely that.
Powering up for an epic crypto rally!#HuskyInu pic.twitter.com/biysMWXfmx
— Husky Inu (@huskyinureal) December 12, 2024
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.
Husky Inu (HINU) has exceeded its presale goals, smashing its $618,000 fundraising target. Husky Inu is working on some exciting things, including an Earn App and a Decentralized Exchange. The Earn App will reward users with HINU tokens for engaging with the project, and the Decentralized Exchange will facilitate decentralized trading to improve utility and value for HINU holders. Husky Inu boasts several unique features that set it apart from traditional investment opportunities, including a capped token supply, a deflationary mechanism, speedy transactions, and charity voting.
Husky Inu’s presale success sets the tone for immense gains and is expected to skyrocket following exchange listings. HINU presale tokens are available at a modest $0.00015000 with exceptional profit potential for early backers.
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.
Investment Disclaimer
Credit: Source link
