Must Buy Altcoins: Husky Inu (HINU), Shiba Inu (SHIB) and Solana (SOL)

The crypto market continues its bullish run after the United States elected Donald Trump as its 47th President. Bitcoin reached a new all-time high and trades around the $74,800 level.

It has been a bullish week for the markets after the US elected Republican nominee Donald Trump as its next president. The crypto-pro Trump won the election by a landslide, sending crypto markets through the roof.

Pauline Shangett, CMO at ChangeNOW, commented on the election results, saying:

“Trump’s victory over Kamala Harris has breathed new life into the crypto industry, and sentiment is overwhelmingly bullish. The former president has been outspoken on his pro-crypto stance and has managed to settle investors’ worries about the future of crypto in the US.”

Let’s look at some of this year’s top altcoin buys!

Solana (SOL)

Solana (SOL) is undoubtedly one of the most significant topics of conversation in 2024, boasting impressive gains exceeding 348% over the past year. Solana sports some of the most unique features of any network and has become the go-to blockchain for memecoin development. The blockchain is designed to handle high numbers of TPS at low transaction fees. Solana’s ability to process transactions quickly ensures that trades are efficiently executed, a feature essential to memecoin, which, by nature, is subject to rapid price fluctuations. Memecoins rely on community support, and Solana has cultivated a robust and active community which ideally serves memecoins. The blockchain also offers excellent developmental tools and resources, making it an attractive environment for developers to effortlessly create and deploy new tokens. Solana (SOL) has become a formidable player in the crypto space, and now it is targeting a considerable part of Ethereum’s (ETH) market share.

Following Trump’s victory, SOL reached its highest price since November 2021, reaching $187 and has become the 4th largest cryptocurrency by market cap.