The post A New Meme Coin’s Rally Unfolding? appeared on BitcoinEthereumNews.com.

El Hippo has almost doubled in price already since August while pepe coin is set to reach new highs , the new meme coins set to rally hard Published 15 hours ago Meme coins have captured the attention of the crypto community over the last few years with meteoric rises and falls in price that traders in traditional markets could only dream of.A recent rise in Bitcoin price, perhaps spurred on in part by the rise in usage of Bitcoin Ordinals, lent the altcoin market plenty of breathing room and led to a widespread rally that has lasted around a week before cooling off slightly. The question now is whether the meme coins will once again lie dormant or whether the rally seen so far is just the beginning of a wider and more powerful upward trend. El Hippo (HIPP) Price Rally HIPP is the token for a fairly new meme coin, El Hippo, characterized by a meme-loving community of over 100,000 online members. El Hippo launched in August and has already amassed a large following encouraged by regular airdrops and meme contests, with a $10,000 airdrop wrapping up earlier this month and $700 up for grabs every two weeks. El Hippo has almost doubled in price already since August, boasting a modest market cap of $4.96 million. Small cap coins are often a subject of scrutiny for crypto traders looking for explosive growth, as only a coin with a small market cap has the capability of going 100x or 1000x. However, such growth needs to have a real catalyst, and small cap coins are also volatile and risky.Having said that, El Hippo has plenty of incentives for growth due to rewarding its community so frequently and reports that new centralized exchange listings are in the works. With frequent media…

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Filed under: News - @ November 15, 2023 6:26 am