The El Hippo (HIPP) meme coin is up by over 250% since launch, rising 65% in the last few days after listing on Bitget. HIPP is trending upwards in price and social media as more people notice the meme coin.
Let’s look at the project, price action, and where it might end up.
What is El Hippo?
El Hippo, a meme coin launched in August 2023, had over 10,000 HIPP holders by mid-November, with a market cap exceeding $6.5 million.
Dogecoin has a market cap of $10.6 billion, suggesting that El Hippo might need to grow significantly to match DOGE. This potential for growth appeals to some in the crypto community, acknowledging the associated high-risk, high-reward nature.
El Hippo incentivizes its community with airdrops and meme contests to encourage activity and price growth.
El Hippo giveaways
El Hippo is paying out $1,400 to the community over the next two weeks via Zealy.
There is also a $10,000 airdrop in partnership with Bitget that is currently underway.
The Bitget airdrop ends on Nov. 28, with more giveaways planned to celebrate the listing also in the works.
El Hippo has fostered an engaged community by consistently rewarding them. This community actively creates images and videos to promote the project online, helping boost brand awareness and even prices.
El Hippo price surge
El Hippo has surged to a monthly high since listing on Bitget on Nov. 21. This is common for small-cap coins, as listings often trigger gains.
The team plans to list HIPP on more centralized exchanges and partner with more influencers.
HIPP is currently trading at $0.000000009, close to its all-time high.
Notably, the price increase was gradual, following a period of support building over the past month. In technical analysis, this pattern is typically viewed as more sustainable.
Users can purchase HIPP through Uniswap, a direct fiat transfer of 14 currencies via the El Hippo website, and on the Bitget and MEXC exchanges.
The future of El Hippo
It is impossible to predict what lies ahead for El Hippo. Nevertheless, if the project successfully secures centralized exchange listings and continues to conduct airdrops, the community may react positively, subsequently supporting prices.
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Source: https://crypto.news/bitget-listing-triggers-el-hippo-price-surge/