Husky Inu (HINU) Registers Latest Price Jump
Husky Inu (HINU) has continued to register strong investor interest despite the ongoing market upheaval. As a result of market uncertainty, the project faced a substantial slowdown in funding. Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), registered significant selling pressure and fell to multi-month lows before recovering. Other cryptocurrencies also registered notable declines before recovering.
However, with markets recovering, the project’s fundraising is back on track. Husky Inu has raised $888,062 so far and remains on track to cross $900,000 and reach its stated funding goal of $1.2 million. The project adopted a dynamic pricing strategy during recent stages, increasing the price of the HINU token every two days. This has allowed the project to raise funds quickly while maintaining favorable pricing and empowering its growing community. Thanks to its dynamic strategy, the project crossed the $750,000 milestone on May 16 and the $800,000 milestone on June 15. The project reached its latest milestone in record time, crossing $850,000 on July 25.
PPI Data Pushes Markets Higher
The S&P 500 index rose 0.5% in early trading as markets reacted to new Producer Price Index (PPI) inflation data. The Nasdaq Composite also added 0.3% with both indexes hitting fresh highs as bullish sentiment returns. However, the Dow Jones Industrial Average dropped as it continued its recent underperformance.
The Producer Price Index showed a 0.1% drop in wholesale prices for August, compared to estimates of 0.3%. Meanwhile, Core PPI numbers, which exclude food and energy, also dropped 0.1% instead of an estimated 0.3% increase. PPI numbers coming below projections strengthened investor sentiment, pushing the S&P 500 to record highs despite trade and geopolitical uncertainty.
