Key Takeaways:
Binance, one of the largest crypto exchanges has launched Sudeng (HIPPO) coin in their platform. This listing created phenomenal growth in the tokens’ price on Wednesday. There is a positive reaction among the traders in the listing of the tokens. This caused an increase of 102% in the intraday trading volume at the time of reporting.
HIPPO is one of the latest listings announced by Binance. The Sui meme coin that has been listed on the exchange seems to be a promising investment option. The listing of HIPPO marks a major milestone for the project. Before the official listing to Binance, the HIPPO tokens were trading at around $0.012. The listing has surged the value of the token by 60%. Investors initiated the injection of capital to the token resulting in a current trading volume of $0.02192.
The Binance launch witnessed HIPPO price traction
According to an announcement made by the Binance team dated November 13, the exchange has decided to list HIPPO. The users of the Binance platform can enjoy up to 75x leverage on trading assets. The multi-asset mode of the token will be supported by the exchange.
The listings made by one of the top crypto platforms created a significant investor interest in the middle of the bullish crypto market. It also initiates additional trader interaction with the asset. The market watchers await a bullish impact on the prices as the money flow to the ecosystem increases.
Sudeng (HIPPO) Token: The project with a vision
HIPPO gained popularity because of its playful meme appeal and social commitment to donating a portion of its profit to environmental conservation activities. HIPPO token allows you to effortlessly transfer assets between blockchain networks, boosting its accessibility and flexibility.
HIPPO works as a community-driven meme coin on the Sui blockchain. The inspiration behind the coin is a pygmy character named Su Deng. Like other cryptocurrencies, HIPPO tokens can be bought or sold in multiple crypto exchanges. The token runs on a single model in which users can hold and trade crypto tokens.
HIPPO’s Impressive Performance After Binance Listing
At the time of reporting the live price of HIPPO is $0.018951.The 24-hour trading volume of $214,731,742. In the last 24 hours, HIPPO has been increased up to 56.64%. The market capitalization of the coin is $189,505,412.The circulating supply of HIPPO is 10,000,000,000. The total supply of the token is 10,000,000,000 Hipo coins.
HIPPO tokens are available on centralized crypto exchanges. Before Binance, the most popular trading option for HIPPO was Gate.io. It boasts a trading volume of $65,860,905 for the past 24 hours. The active trading pair in Gate.io is HIPPO/USDT. The token is traded on other platforms like MEXC, and KuCoin.
HIPPO: Historical Price Analysis
HIPPO has recorded a highest price of $0.02457 on November 13th. The lowest recorded price of HIPPO is $0.004798 as of 4th November. The current price after the listing is 296.35% higher than that of the all-time low value.
HIPPO is outperforming the global cryptocurrency market with a price increase of 184.10% in the last 7 days. While similar meme coins are upsurging by 72.90%.
HIPPO: Investment opportunities
HIPPO can be considered as an investment option for trading and positive social
impacts. These are the major factors that make Hippo an appealing crypto investment. HIPPO was created by the fans of the celebrated hippo Su Deng. The commitment of the project to the environment makes it a respective investment choice. This community-driven project donates a portion of its profit to global wildlife conservation.
The listing on Binance has unleashed the potential of the project to a wider crypto audience. As per the analysis, the listing marks a rising point in its journey. However, the volatile nature of the crypto ecosystem is beyond predictions.
The live price of Sudeng is USD 0.018951. It has a 24-hour trading volume of $214,731,742.
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