The Husky Inu (HINU) presale is closing in on the $720,000 milestone as the crypto market recovery gathers steam. Markets were subdued last week as selling pressure saw most tokens trading in the red. However, sentiment has changed after Monday’s flash crash, with buyers stepping in to prevent further declines.
As a result, the market has rallied, with meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) registering substantial increases.
The rally has rekindled interest in meme coins, as seen in the spike in presale numbers, with Husky Inu likely to benefit from the timing of the rally as investors regain trust and confidence in the industry and new projects.
The State Of The Market
The crypto market was in the doldrums for most of last week as major tokens including Bitcoin (BTC) and Ethereum (ETH) traded in the red. The market capitalization slipped below $3 trillion as selling pressure hindered investor sentiment and fueled a selloff as traders sought safer assets. As a result of the overwhelming bearish sentiment, BTC fell to a low of $78,214 before recovering to reclaim the $90,000 level. ETH saw an even bigger decline as the price plunged below $2,000, with market analysts fearing a deeper correction. ETH fell to a low of $1,995 before recovering to reclaim $2,200 and move to its current level. While the markets have recovered, investors remain on edge, fearing a trade war with China and high inflation numbers that could impact cryptocurrencies.
Dogecoin (DOGE) Price Action
Dogecoin (DOGE) is recovering after witnessing a substantial decline at the beginning of the week. The world’s most popular meme coin rallied on Sunday, surging nearly 16% and moved to $0.239. However, its rally lost momentum on Monday, falling almost 17% to $0.199. However, it has traded in positive territory since, registering a marginal increase on Tuesday and increasing nearly 3% on Wednesday to settle at $0.204. The current session sees DOGE up just over 1% and trading at $0.207.
Shiba Inu (SHIB) Price Action
Shiba Inu (SHIB) followed a similar trajectory to Dogecoin, rallying over 11% on Sunday to end the weekend positively. However, it started the week with a substantial drop, falling nearly 15% on Monday to settle at $0.0000129. However, the SHIB has recovered since rising 1.32% on Tuesday and over 2% on Wednesday to settle at $0.0000133. The current session sees SHIB marginally up and trading at $0.0000134.
Husky Inu Can Benefit From Rally
Husky Inu (HINU) is inching closer to its goal as the presale gets set to hit $720,000. A potential market recovery could see renewed interest in a stagnating meme coin ecosystem and supercharge the presale’s goal of hitting $1.2M during presale. Husky Inu plans to challenge the established duo of Dogecoin and Shiba Inu by creating a robust community offering innovative features and enhanced rewards.
The project is working on rolling out several exciting features, with an Earn App and a decentralized exchange at the forefront. The Earn App will reward users with HINU tokens for interacting with the project and completing simple tasks. Meanwhile, the decentralized exchange will facilitate decentralized trading and improve utility and value for token holders.
Join The Husky Inu (HINU) Presale
With Husky Inu inching towards its presale target, time is running out to become an early investor in the project. You can still join the presale by following the steps below.
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Connect a Wallet - Connect your wallet using the available options. If you encounter an issue, contact Husky Inu’s official Telegram channel.
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Select Network - You can join the HINU presale on the Solana blockchain and purchase the token using the native currency or with BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT on Ethereum and Tron chains.
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Buy Tokens - Next, specify the amount of BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT you wish to trade for HINU and approve the transaction to purchase the token.
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.