How Design, Community and Hype Propel Meme Coins to Riches

Key Takeaways

• Memecoins like Dogecoin and Shiba Inu have seen a rise in value as a result of their use of comedy, influencer endorsements, and community involvement.
• The new meme coin El Hippo (HIPP) emphasizes long-term sustainability and includes a rewards system for holders.

Meme coins have taken the crypto world by storm, riding on hype, community engagement, and influencer endorsements to meteoric gains. Though often dismissed as jokes, meme cryptocurrencies like Dogecoin and Shiba Inu have shown they are far more than just cute animal logos. The power of memes is real.

How to Find New Meme Coins Early?

The origins of memecoins

Dogecoin started it all back in 2013 as a fork of Litecoin. It featured the Shiba Inu “doge” meme as its mascot and was intended to be a lighthearted contrast to “serious” cryptocurrencies like Bitcoin. For years it remained a niche crypto pursued mostly for tips and donations online.

Elon Musk brought Dogecoin into the mainstream spotlight in 2021, tweeting memes about it and even calling it his favorite cryptocurrency.

Dogecoin might be my fav cryptocurrency. It’s pretty cool.

— Elon Musk (@elonmusk) April 2, 2019

This celebrity endorsement kicked off a frenzy of social media hype and FOMO that launched Dogecoin over 7000% to an all-time high of $0.7376 in May 2021. Though it later crashed down, this proved the power of memes and community engagement could turn a joke token into a multi-billion dollar asset.

Inspired by its canine ancestor DOGE, SHIB launched in August 2020. It called itself the “Dogecoin killer” and came out of the gate surging over 2,000,000% in its first year. Aggressive community building and social media campaigns made it a top 10 cryptocurrency before it too experienced a sell-off.

Even so, the meme coin phenomenon was here to stay. In 2022 and 2023, meme coins continued to launch and pump. Though most were short-lived hype cycles, some like Tamadoge demonstrated more staying power with long-term roadmaps. By combining animal mascots, influencer promotions, and engaged communities, meme coins have carved out a solid niche in crypto despite their unconventional nature.

El Hippo’s road to success

The latest meme coin generating buzz is El Hippo (HIPP). This “big friendly hippo” aims to become the next Dogecoin-like viral success story. Propelled by a growing community of over 1000 investors, it has already achieved key milestones well ahead of schedule. Unlike many meme coins, El Hippo focuses on long-term sustainability. Its roadmap includes goals like CEX listings, an NFT collection, and educational platforms for its community. Strategic partnerships and incentivized promotions should continue driving awareness and adoption.

For holders, 1% of the total HIPP supply is airdropped to NFT holders. This creative reward mechanism encourages long-term engagement. El Hippo also has a straightforward purchasing process allowing even newbie traders to buy in.

Some key features that set El Hippo apart include:

• Reward system for loyal HIPP holders
• Straightforward purchasing process even for newbies
• Strong community engagement across platforms
• Transparent team dedicated to sustainable growth

With its price rapidly rising and trading volume on the upswing, El Hippo has caught the eye of the crypto world. It seems well on its way to joining the pantheon of successful meme coins like Dogecoin and Shiba Inu. Combining hype with tangible utility and community rewards, this big friendly hippo could stampede its way onto the meme coin throne in 2023.

Wrapping up

In the ever-evolving landscape of meme cryptocurrencies, coins like Dogecoin and Shiba Inu have demonstrated the immense potential of humor, community involvement, and influencer endorsements in driving unprecedented value. The emergence of El Hippo (HIPP) marks a new chapter in this phenomenon, as it prioritizes sustainable growth, rewards loyalty, and embraces a transparent approach. As the legacy of meme coins persists, fueled by their unique blend of engagement and entertainment, the question remains: Will El Hippo’s strategic vision and community-driven ethos propel it to meme coin stardom alongside its predecessors?