Debuting last week and rising 20x in a short time, El Hippo (HIPP) continues to challenge the bears. Essentially a meme token, HIPP has caught the attention of altcoin investors after releasing its new roadmap.
El Hippo (HIPP) continues to challenge the altcoin market
The new meme token has reached more than 1,000 investors in a short time after it officially debuted last week. This demand shows that interest in the meme token market is still alive. After the strong debut, the team behind Hippo has released a new roadmap. The small goals of the altcoin project for the coming weeks are as follows:
- Phase 1 – 1,000 investors: In the first phase of the altcoin project development, it aimed to reach the target of 1,000 owners. This goal was completed shortly after debut.
- Stage 2 – 10,000 followers: It aims to reach a fan base of 10,000 fans through strategic partnerships and new community-centric rewards, as well as listings on CEX exchanges. Implementation of this phase will begin in the near future, as phase 1 has been completed.
- Stage 3 – 100,000 investors: HIPP now plans to reach the 100,000 ownership milestone. The long-term goal is to reach one million users in the final phase of the application.
Big news for the meme coin universe! El Hippo token ($HIPP) is making waves as its market cap hits 1M! Join us on X, Telegram, and Coinmarketcap. #ElHippo #Memecoin #HIPP pic.twitter.com/ur1xVFBKm8
— El Hippo (@elhippomeme) August 21, 2023
Why is HIPP in the foreground?
The most important question as it is a meme token: Why is El Hippo growing so fast? The answer lies in the simplicity of the processes associated with the altcoin project. HIPP is now readily available through UniSwap. UniSwap remains the only major DEX to list the token.
This token is paired with different cryptos including ETH, WETH, USDC, DAI and WBTC. HIPP/WETH is currently the largest trading pair. 1 HIPP is currently worth 0.000000000001349 WETH.
In the meantime, it should be noted that HIPP is compatible with popular DeFI-focused wallets such as Metamask and Trust Wallet. Apart from its different features, another point that the altcoin project draws attention to is the gains it has achieved in terms of price.
HIPP leads altcoin market gains
The altcoin, which debuted on August 17, was trading at a very low value on the token listing platform. However, although its price fell in a short time, it then experienced an upward wave. In the following days, the starting price rose from $0.000000000036 to $0.00000000739, an increase of close to 2000% in a short time.
The next day, its price declined slightly and dropped to $0.00000000453. However, it still made a big profit from the original launch price. Hipp token continued its rise with an increasing trend day by day. Meanwhile, it registered a new high at $0.0000000127. Although prices fell sometimes, they generally continued to grow. It then rose as high as $0.00000000176.
As of today, the altcoin is trading at a price of around $0.00000000228. This represents a 64.4% increase in value from the start. Data from Ethereum Scan shows that Hipp sales are currently active.
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