The Hoppy token demonstrates impressive growth, reaching a new record of $0.0002890 amid increasing holders and trading volume.
Hoppy's Token Growth
Hoppy, a meme coin on the Ethereum blockchain, has increased by over 18,000% from its lowest point in June, becoming one of the most profitable assets at the moment, confirmed by a market cap exceeding $109 million. The number of users holding Hoppy has reached 3,600, with 42% of all tokens concentrated among the top ten holders. The daily trading volume of Hoppy hit a record high of $14.7 million last week.
Role of Exchanges in Hoppy's Success
The number of holders might keep increasing if Hoppy is listed on major exchanges like Binance, Coinbase, and OKX. Data from CoinGecko shows that most of its trading occurs on Uniswap, the leading player in the decentralized exchange space. Among centralized exchanges, Hoppy is available on MEXC, Bitmart, and BingX.
Technical Analysis and Patterns
Data indicates that Hoppy's course has overcome the key resistance level of $0.0002080, suggesting a potential continuation of the upward trend due to the "cup and handle" pattern formation. However, indicators such as the RSI and the stochastic oscillator are entering overbought territory, which might prompt a correction to the support level of $0.0002080.
Hoppy continues to impress crypto market participants, demonstrating steady growth and attracting the attention of large holders and trading platforms.
