CandleFocus Hoppy meme coin hits 2-month high as holders jump
2024-09-25
Author: Content Editor
The Ethereum-based meme coin, Hoppy, experienced a surge in price as the number of holders increased. Its price reached a high of $0.00012, the highest level since July 23, following the trend of other meme coins like Shiba Inu and Dogwifhat. This rally has been influenced by the rebound of Bitcoin and Ethereum, with meme coins typically performing well during their rise. The number of Hoppy holders has been steadily increasing over the past 30 days. Unlike most meme coins, Hoppy has relatively diverse holders, with the top ten owning 24% of all tokens. Meme coins have proven to be profitable investments, with one trader gaining $6,500 from a $9 investment in Hoppy. The coin's technical analysis suggests further upside potential, with indicators signaling potential gains towards the 61.8% retracement point at $0.00013.
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