With Bitcoin ($BTC) experiencing some volatility, investors are looking for alternative opportunities to take advantage of in anticipation of the next bull run. There are several cheap altcoin projects to invest in that look geared for an explosive run. 

Bitcoin ($BTC) and Ethereum ($ETH) Drops

Bitcoin ($BTC) is trading down after briefly breaking through the $69,000 threshold on Monday. After facing prolonged sideways price action, the world’s leading crypto appeared to be breaking its pattern. Following its sudden spike, Bitcoin dropped to a low of $66,700 before slightly recovering to trade at $66,949.

As the dominant store of value, $BTC remains the go-to choice for institutional investors. However, its recent price fluctuations have market watchers questioning whether it can continue to dominate the market in the long term.

Ethereum ($ETH), the second largest crypto by market cap, has shown signs of relative weakness. While Ethereum remains the backbone of decentralized applications and smart contracts, it has battled declining network activity. The crypto market is known for its inherent volatility, but experts are raising slight concerns over its performance.

Pauline Shangett, CMO of ChangeNOW, recently commented on Bitcoin and Ethereum’s performance, stating; 

“The latest drop in Bitcoin and Ethereum underscores the volatility that continues to characterize the crypto market. While BTC’s 2% drop is significant, Ethereum’s sharper 3.54% decline below $2,700 raises further concerns about market stability.”

Husky Inu ($HINU)

Memecoins such as Husky Inu ($HINU) have entered the memecoin space to take advantage of the perceived change in investment strategies. Husky Inu was created to add more value and utility to its holders by leveraging the power of the Solana blockchain. Husky Inu is working hard to build a platform that fits its purpose. The project’s recently launched presale

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Author: Jana Serfontein