Hoppy continued to rise, hitting a new record of $0.0002890, on Friday October 18.
HoppyHOPPYThe Ethereum meme coin (ETHThis network’s market cap has grown by 18,000% since June, when it was at its lowest. Its market capital has risen to $109 million, making it the most successful cryptocurrency.
The growth of Hoppy is being driven by an increasing number holders. The data is from CoinCarp Shows that there are now over 3600 users. Of the 3,600, the top ten account for nearly 42%. The daily volume of the service reached an all-time high this week at $14.7 million.
It is possible that the number of token holders will increase if it were to be listed at tier-1 markets like Binance Coinbase OKX. Other data from CoinGecko Shows that most of Hoppy’s trading took place in Uniswap, the industry leader in the decentralized trade industry. MEXC Bitmart and BingX are the top CEX Exchanges to list Hoppy.
Hoppy’s rise coincides with increases in meme-based Solana coins and Ethereum. CoinMarketCap data shows tokens such as Cat in a Dogs World, Book of Meme and Brett were among the top-performing crypto currencies in the last week. Total market capitalization of meme coins is now $61 billion.
A cup-and-handle pattern was created by a hoppy token
Hoppy has surpassed the $0.0002080 key resistance level, which was its peak on 24th July. This was a significant level as it marked the upper border of the cup and handles pattern.
Hoppy is above the moving average of 50 days, indicating that bulls have control. But indicators such as the Relative Strength Index, and Stochastics Oscillator are moving into overbought areas.
In this case, the token might pull back and retest its support level of $0.0002080. It will then resume its bullish movement.
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Source: crypto.news
