Husky Inu (HINU) Rises As Memecoins Plummet

Husky Inu’s (HINU) price increases have picked up pace, with the project’s native token registering the latest jump of the pre-launch phase, rising to $0.00017630. HINU has registered three price jumps this week, with the next one taking the token’s value to $0.00017682. Meanwhile, Dogecoin (DOGE) and Shiba Inu (SHIB) have registered substantial declines as markets turn bearish. Husky Inu (HINU) Up To $0.00017630 Husky Inu (HINU) is ending the week with its latest price jump. The increase takes the HINU token from $0.00017579 to $0.00017630. The price increase is part of Husky Inu’s pre-launch phase and allows the project to continue its fundraising effort as its official launch date draws closer. The pre-launch phase and HINU’s regular price increases allow the project to raise additional capital and fund ongoing development, research, platform improvements, marketing initiatives, and ecosystem expansion. The pre-launch phase price jumps have seen the HINU token rise from an initial price of $0.00015000 to its current price of $0.00017528, thanks to a dynamic pricing model that allows the HINU token value to increase every two days. Crypto Market Back In The Red Meanwhile, the crypto market registered a substantial decline over the past 24 hours, dropping almost 2%. Bitcoin (BTC) slumped below $107,000 as selling pressure increased, with the flagship cryptocurrency extending its losses during the ongoing session. BTC is down nearly 2% in the past 24 hours, trading around $105,500. Analysts believe it could face a deeper correction and drop to $100,000 unless bullish momentum returns. Ethereum (ETH) declined on Friday, slipping below $2,600. The price fell to a low of $2,568 before making a marginal recovery and moving to current levels. Meanwhile, Ripple (XRP) is down almost 5%, while Solana (SOL) is down nearly 6% as it struggles to stay above $160. Cardano (ADA), Chainlink (LINK), Stellar (XLM), Toncoin (TON), Hedera (HBAR), Litecoin (LTC), and Polkadot (DOT) also registered notable declines. Memecoins Plunge Prominent memecoins also registered significant declines, with Dogecoin (DOGE) down nearly 9% while Shiba Inu (SHIB) is down almost 7%. Dogecoin (DOGE) Price Action Dogecoin (DOGE) started the week in the red, registering a marginal decline on Monday. The price recovered on Tuesday but was back in the red on Wednesday, falling 2.38% to $0.221. Sellers retained control on Wednesday with DOGE falling over 3% to $0.214. Selling pressure has increased during the ongoing session, with the popular memecoin down nearly 6%, trading around $0.202. Shiba Inu (SHIB) Price Action Shiba Inu (SHIB) started the week in the red, dropping 0.55% on Monday. The price recovered on Tuesday but was back in the red on Wednesday, dropping nearly 1% to $0.0000143. Bearish sentiment intensified on Thursday as SHIB fell 3% to $0.0000139. The current session sees SHIB down over 4%, having slipped below the 50-day SMA, trading around $0.0000133. 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.

Source: Crypto Daily