Today, meme cryptocurrencies are where all the real price action occurs. While most major projects have already attracted major investments, there are some meme coins on the market that have not yet seen major price changes and, unlike most projects, are greatly influenced by network trends. social.
Let’s delve into two interesting meme coin projects that seem due for bullish price movement in the near future and assess how far they could go if the stars align.
Ape Coin (APE)
Apecoin is a fairly well-established meme coin that is already worth more than a dollar. The price is currently $1.23, with a market capitalization of $454 million and a 24-hour trading volume of $44 million. However, just because the price is so high doesn’t mean the days of profits are over.
ApeCoin had a rough year and is currently well below its yearly high of $6.28, meaning there is plenty of room for bullish momentum should a bull run hit the market once again.
The ApeCoin ecosystem includes the renowned Bored Ape Yacht Club (BAYC) nft collection, arguably the gold standard of the nft industry. While the bearish price action in the nft market has extended to the value of APE itself, the project still has a large online following who are simply biding their time until the next bull market.
ApeCoin’s social media is very active, meaning this project would be worth following as a potential major driver. If the nft market recovers or if the ApeCoin community manages to channel some of the support they showed for the BAYC collection into the broader ApeCoin project, there is no telling how high this project could go.
The Hippopotamus (HIPP)
The Hippo It is a much younger meme coin, only 5 weeks old, and already has a market cap of $3 million. The project has seen a successful multi-million dollar launch thanks to the Hippo Army fanbase active on social media, sharing memes and exchanging ideas.
The coin is currently worth $0.000000004685 with a 24-hour trading volume of $350,000. The price has been trading in an extremely tight range for days, perhaps signaling an upcoming breakout. The developers are reportedly locking over 90% of the tokens in a liquidity pool that they can no longer access, a trust-building move that could easily prove to be the catalyst HIPP needs to make an upward move.
Obviously, with such a low valuation of a young coin, even a small increase in price could result in the type of significant gains that attracted many to cryptocurrencies in the first place, although it should be noted that meme coins, like all cryptocurrencies , a risky business.
Meme Coin Price Outlook 2023
While there is no crystal ball in cryptocurrencies, the case could lean bullish for these two coins in a market where many altcoins are beset by bearish price action and overall conditions, making both ApeCoin and ApeCoin meme coins HIPP are worthy of attention.
If ApeCoin manages to return to its previous price above $6 under the right market conditions, this would mark a 600% price increase if the altcoin market begins to recover. The Hippo, on the other hand, could really do numbers under the right circumstances. PEPE experienced a 1,000,000,000% price increase solely due to the power of the meme community which propped up the prices by fostering a large online community.
If ApeCoin and El Hippo can generate the kind of grassroots momentum that sets meme communities apart from your average crypto project, the sky really is the limit.
For more information about The Hippopotamus: The Hippopotamus website | Check out the $HIPP meme coin| El Hipopótamo Community
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