Husky Inu (HINU) Presale Soars Despite Market Downturn

The crypto market has registered a substantial decline as bearish sentiment returns after a brief uptick. As a result, major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), registered substantial drops. Top meme coins also saw significant declines, with Dogecoin (DOGE) down over 8% while Shiba Inu (SHIB) is down almost 9%.

Markets had started the week on a positive note before turning bearish. Despite the market downturn, the Husky Inu presale is growing strong, getting closer to its next milestone of $750,000. The presale remains on track to meet its target of $1.2 million.

State Of The Crypto Market

The crypto market is back in the doldrums, with its market cap declining over 3% to $2.7 trillion as bearish sentiment returned. Bitcoin (BTC), which was on a steady rally until this week, lost momentum after reaching a high of $88,839 on Monday as selling pressure overwhelmed buyers. Meanwhile, Ethereum (ETH) slipped below the crucial $2,000 mark after dropping almost 6% to its current level of $1,910. The worlds second-largest cryptocurrency is struggling to hold on to $1,900 and could slip below it if selling pressure persists. The meme coin ecosystem has fared no better, with popular meme coins in the red. Dogecoin (DOGE), the largest and most popular meme coin, is down almost 8%, trading around $0.179.

Bitcoin (BTC): Struggling To Reach $90,000

$90,000 has become insurmountable for Bitcoin (BTC) as the flagship cryptocurrency continues to struggle and cross this level. The week started positively enough as BTC rose almost 3% on Sunday to cross the 20 and 50-day SMAs and settle at $86,116. Buyers retained control on Monday as the price surged to an intraday high of $88,839 before settling at $87,523. However, BTC lost momentum on Tuesday, registering a marginal decline. Sellers retained control on Wednesday as the price dropped 0.54% to $96,942. BTC registered a marginal increase on Thursday to reclaim $87,000 but is back in the red during the current session, down over 2% and trading just above $85,000.

Ethereum (ETH): Downtrend Continues

Ethereum (ETH) has registered a substantial decline this week despite starting it on a bullish note, rising almost 4% to reclaim $2,000 and settle at $2,082. However, selling pressure returned on Tuesday as ETH registered a marginal drop. Bearish sentiment intensified on Wednesday as the price fell nearly 3% to $2,010. Sellers retained control on Thursday as ETH dropped to $2,002, with buyers struggling to keep the price above $2,000. Bearish sentiment has intensified during the ongoing session, with ETH down over 5%, slipping below the 20-day SMA and trading at $1,893.

Dogecoin (DOGE): Back In The Red After A Positive Start

Dogecoin (DOGE) started the week on a bullish note as it surged past the 20-day SMA after an increase of 6.29% and settled at $0.182. Buyers retained control on Tuesday as the price registered an increase of over 5% and settled at $0.191. DOGE surged to an intraday high of $0.206 on Wednesday as bullish sentiment intensified. However, it could not stay at this level and settled at $0.194, ultimately registering an increase of $0.194. Sentiment changed on Thursday as buyers lost momentum. As a result, DOGE dropped almost 2% and settled at $0.191. The current session sees DOGE down over 5% and trading at $0.181.

Husky Inu (HINU) Presale Going Strong Despite Broader Market Struggles

Husky Inu (HINU) is the latest meme coin in the market and is setting itself up to compete against established industry giants like DOGE, SHIB, and BONK. The project aims to bring greater utility and value to the meme coin ecosystem by leveraging the power of the Solana ecosystem. Husky Inu aims to build a robust and supportive ecosystem boasting innovative features and enhanced rewards.

Despite the ongoing bearishness in the crypto market, the meme coin community has thrown its weight behind the project, with the presale having crossed the $734,800 mark at the time of writing. Husky Inu plans to launch an Earn App and a decentralized exchange. The Earn App will reward users with HINU tokens for interacting with the project and completing a variety of simple tasks. On the other hand, the decentralized exchange will facilitate trading and enhance utility for token holders.

Join The Husky Inu Presale!

No doubt the Husky Inu presale is witnessing unprecedented interest. If you want to join the presale and support the project, all you have to do is follow the steps listed below.

Connect a Wallet - Connect your wallet using the available options. If you encounter an issue, contact Husky Inus official Telegram channel.
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.
Buy The 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.

Text source: Crypto Daily™

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