Binance announced the listing of the Sudeng (HIPPO) memecoin, resulting in a nearly 100% price increase within an hour. Investors anticipate further growth.
Binance Listing Success
An hour ago, Binance announced the launch of HIPPOUSDT and 1000XUSDT perpetual contracts with leverage of up to 75x, going live at 12:30 (UTC) on Nov 13. This news sparked a frenzy on the market, sending the token to an all-time high of $0.02453, breaking previous resistance levels of $0.01240 and $0.01957. Currently, HIPPO is trading around $0.02117.
Will the Rally Continue?
Traders are questioning whether HIPPO can maintain its position. Looking at recent memecoins like Gaotseus Maximus (GOAT) and Moodeng (MOODENG), similar initial rallies were followed by a 50% correction. Once stabilized, they saw another surge. Based on this trend, HIPPO might experience a similar correction before potentially rising again.
Conclusion
The listing of HIPPO on Binance has generated significant interest, yet price volatility is expected in the near future.
HIPPO's listing on Binance has increased investor interest significantly, though its future price movement remains uncertain.
