Ripple (XRP) Gains Over 420%, While Hedera (HBAR) Surges over 700%. Altcoins Lead the Gains
Altcoin gains are topping the charts with massive gains across the board. Ripple (XRP) and Hedera (HBAR) are leading the surge, with 420% and 710% gains, respectively, over the past month.
Altcoins continue to dominate the news with their massive gains. Notable projects include Ripple (XRP), which has risen by over 90% in the past week, and Hedera (HBAR), which has surged by 166%.
Lets delve into the latest altcoin gainers, expected to surge further as we near the altcoin season.
Ripple (XRP) Market Cap Exceeds $150 Billion
Ripples XRP has gained massively over the past month and is now the third-largest crypto with a market capitalization exceeding $150 billion.
Ripple (XRP) has witnessed a spectacular gain in value after news of Gary Genslers planned exit surfaced. 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 SECs 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 Ripples XRP token is not necessarily a security on its face. XRPs price gained over 29% in the past week with a bullish outlook.
Ripple received some further bullish news after Chris Giancarlo, former chair of the CFTC, predicted the SEC would drop its case against the company. The price of XRP surged further after WisdomTree filed an S-1 application for a spot XRP ETF.
Hedera (HBAR) Gains Over 700% in the 30-Day Charts
Hedera (HBAR) is the most widely used, sustainable, enterprise-grade public network for the decentralized economy that allows businesses and individuals to create powerful and robust decentralized applications (dApps). Hederas native cryptocurrency, HBAR, powers the network and its services, such as smart contracts and transactions, and it is used to help secure the network. HBAR became a headline act in recent weeks, which resulted in a 700% gain in the past month. The price skyrocketed after traders identified a golden cross signal. A golden cross is regarded as a bullish indicator in the crypto market and forms when a short-term moving average crosses above a long-term moving average.
Cardano (ADA) Gains 18%
Cardano (ADA) is another major gainer since Donald Trumps election victory. On-chain metrics show Cardanos weekly active addresses elevated since the crypto market rally triggered by Trumps win on November 6 began. The surge in network usage and whale buying activity has resulted in a bullish outlook for ADA. ADA further surged after the Cardano blockchain developers, the Cardano Foundation, released an updated proposal for the Cardano Constitution to improve network governance. The revised proposal includes changes to constitutional workshops, social media discussion, and expert and community feedback. The changes aim to improve the accessibility and clarity of the Cardano governance framework, shifting its focus to a less technical audience. Interest in Cardano (ADA) surged after its founder, Charles Hoskinson, revealed plans to help shape US crypto policy under Donald Trumps incoming administration.
Cardanos gained over 36% in the past week and over 17% in the past day. ADA is currently trading at $1.28.
Solana-Based Memecoin Husky Inu (HINU) Presale Nears $600K
As BTC continues to trade around $95,000 and top altcoins reach new heights, investors must look for well-priced alternative investment opportunities to profit from the bull run, and Husky Inu is precisely that.
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 $593,000 and will soon reach its fundraising target.
Husky Inus 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 Inus 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.
Text source: Crypto Daily™
