The El Hippo meme coin project has just launched a major airdrop of $23,000 to celebrate a new listing on Bitget, with the listing itself already helping to drive prices up past a monthly high and towards a new all-time high for the HIPP meme coin.
Let’s take a look at what the project is as well as recent price action and other info.
El Hippo Explained
El Hippo is a hippo-themed meme coin project that many analysts may find reminiscent of SHIB or PEPE in the early days. It’s community-driven with lots of viral meme content and an active fanbase spreading the word about the project online.
El Hippo now has over 10,000 token holders and 100,000 followers across various social media platforms. HIPP users often use a profile picture generator to create a hippo profile picture to identify themselves to other members of the Hippo Army which is known for creating memes, videos, and other types of content online.
The project has made a strong focus in using HIPP to give back to the community as evidenced by the latest airdrop as well as regular meme contests and other giveaways.
El Hippo Giveaways
El Hippo is teaming up with Bitget to issue $23,000 worth of HIPP to 1,000 users as well as 50 El Hippo x Bitget tshirts to its users. To receive free HIPP, users need to deposit a net total of $50 in HIPP on the Bitget exchange by November 28.
The first 300 users receive $30 in HIPP from El HIppo and Bitget, and the next 700 users receive $20. The tshirts are awarded to the 50 users with the highest deposits of HIPP on the Bitget platform.
Beyond that, El Hippo issues $700 to its community every two weeks via Zealy, although that reward has just been doubled to $1,400 to celebrate the Bitget listing.
By funding regular giveaways, HIPP has made itself very popular among its fans. The project also spends HIPP to create new listing opportunities, influencer relationships, and more.
You can buy HIPP on Uniswap or Metamask or via the El Hippo website with a direct fiat transfer in 14 different fiat currencies, and you can trade it on MEXC and now, of course, Bitget.
El Hippo Price Action
El HIppo prices are really taking off, as shown on the monthly chart. What’s more, price has not simply spiked straight upwards, but rather consolidated at various points over the last month, establishing gradual support in the kind of healthy, long-term price trend that analysts tend to view as more sustainable than sudden price spikes.
HIPP is up 70% on the month and about 260% from launching in August, now trading at about $0.000000009 with an all-time high of $0.0000000094.=
Risks and Rewards
If HIPP can blast past the all-time high that it’s now testing, there’s no telling where price could go next. With a small market cap of just $6.5 million, HIPP is a potentially high-risk, high-reward project, with far more room for upward growth than a large-cap cryptocurrency.
Of course, having a small market cap does not mean that a cryptocurrency will increase in value, only that the gains have the potential to be larger than a coin that is already well established, and users should be aware that low-cap coins are known for their volatility and exercise due caution in trading them.
Source: https://www.analyticsinsight.net/23k-airdrop-and-bitget-listing-brings-el-hippo-hipp-towards-all-time-high/