Crypto Daily 2025-04-11 10:09:03

Husky Inu Pre-Launch Phase Begins As Markets Dip

The team behind Husky Inu issued two crucial updates about the project over the past few days, announcing the official launch date of the HINU token and the beginning of the pre-launch phase. The project also issued an update about the Earn App and plans for a May launch. While the updates have generated considerable excitement in the Husky Inu community, they come at a trying time for the broader crypto market. State Of The Markets The crypto market is back in bearish territory as BTC, ETH, and other altcoins plunged into the red after President Donald Trump announced reciprocal tariffs against almost all trading partners. As a result, the crypto market faced considerable volatility, while traditional stocks plummeted as economic uncertainty and recession fears gripped investors. Nasdaq saw its largest selloff since COVID, plunging over 5.5%. Meanwhile, the crypto market cap fell to $2.64 trillion as cryptocurrencies registered heavy losses. Bitcoin (BTC) went from $88,000 to $82,000 within a few hours, while ETH fell below $2,000 and then $1,800 as selling pressure intensified following Trump’s Liberation Day speech. Dogecoin (DOGE), Cardano (ADA), Stellar (XLM), Chainlink (LINK), Polkadot (DOT), and Toncoin (TON) also registered substantial declines over the week. Bitcoin (BTC) Price Action Bitcoin (BTC) entered the weekend on a bearish note, dropping over 3% on Friday and over 2% on Saturday to settle at $82,704. Price action remained bearish on Sunday as the price registered a marginal decline and settled at $82,404. The current week began with a marginal increase as BTC moved past $82,500. Bullish sentiment intensified on Tuesday as BTC rose over 3% and moved past the 20-day SMA and $85,000 to settle at $85,150. BTC surged to an intraday high of $88,624 on Wednesday as bullish sentiment intensified. However, it lost momentum and plunged over 3%, slipping below the 20-day SMA and $85,000 and settling at $82,525. BTC recovered on Thursday, rising almost 1% and settling at $83,199. The current session sees BTC marginally down as buyers and sellers struggle to establish control. Ethereum (ETH) Price Action Ethereum (ETH) dipped below the 20-day SMA on Friday and remained in the red over the weekend, falling below $2,000 and settling at $1,807 by Sunday. The price recovered on Monday, registering a marginal increase and settling at $1,822. Bullish sentiment intensified on Tuesday as ETH rose almost 5% and settled at $1,905. However, it was back in the red on Wednesday, dropping nearly 6%, slipping below $1,800 and settling at $1,794. The price recovered on Thursday, rising to $1,816, but is back in the red during the ongoing session, down almost 2% and trading at $1,784. Dogecoin (DOGE) Price Analysis Dogecoin (DOGE) started the current week with a marginal increase as buyers and sellers sought to exert influence. Buyers gained the upper hand on Tuesday as DOGE registered an increase of almost 5% and settled at $0.174. However, it could not move past the 20-day SMA and was back in the red on Wednesday, dropping over 6% and settling at $0.164. Price action remained bearish on Thursday, with DOGE registering a marginal decline to $0.162. The current session sees DOGE up almost 2% and trading at $0.164. Husky Inu (HINU) Token Launch And Pre-Launch Phase The team behind Husky Inu revealed the official launch date of the HINU token, set for March 27, 2026. The team also thanked the community for their support, dedication, and enthusiasm and added that the project had registered unprecedented growth in numbers, strength, vision, and community engagement. The team also announced the launch of the Pre-Launch phase, which officially began on April 1, 2025. The Pre-Launch phase picks up where the Husky Inu presale left off and continues the project’s fundraising efforts as it approaches its launch date. The Pre-Launch phase is the next strategic step in the Husky Inu roadmap, designed to raise additional capital to fund ongoing development, platform improvements, marketing initiatives, and broader ecosystem expansion. The project team also shed light on the progress of the Earn App, stating it was on track for a May 14 launch. 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.