Shiba

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El Hippo

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<p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
<p class="is-style-lead">Meme coins have had a strong month so far. Three projects now consolidating below their monthly high are El Hippo, Shiba Inu, and Dogecoin.</p> 
<h2 class="wp-block-heading" id="el-hippo-token-burn-could-support-prices">El Hippo token burn could support prices</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/iBMIPo-X0uk-TqDZT-Z_O6lYLaZ1dTjRCcRs5QB3oTpejj5KzBFzFKubCPKg8ZhZMR_VkKK6R1RDf29zI-V5z5L3N5slewnLArXv6u7mY0dkTOc3teJ8qHndl2C_hZAXlcxubN-UyOn_GF3icOI-2h8" alt="Meme coin roundup: El Hippo, Shiba Inu, and Dogecoin trending below monthly high - 27">
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<p><a href="https://hipptoken.com/" target="_blank" rel="noreferrer noopener">El Hippo</a>&nbsp;is a meme coin whose prices rose to an all-time high this month, rallying 450% from launch after getting listed on Bitget and celebrating with a $54,000 airdrop.</p> 
<p>The project also distributes regular giveaways to the community via&nbsp;<a href="https://zealy.io/c/elhippo/questboard" target="_blank" rel="noreferrer noopener">Zealy</a>&nbsp;every two weeks.</p> 
<p> You might also like: <a href="https://crypto.news/meme-coin-roundup-el-hippo-shiba-inu-and-dogecoin/"> Meme coin roundup: El Hippo, Shiba Inu, and Dogecoin </a> </p> 
<p>As many analysts may have expected, a selloff occurred due to community members cashing out the proceeds of their airdrop rewards.&nbsp;</p> 
<p>As of Dec. 19, the token is still up 250% since its launch price, breaking even in December.&nbsp;</p> 
<p>However, a $150,000 token burn on Dec. 19, plus plans for more airdrops, could launch it back toward an all-time high.</p> 
<h2 class="wp-block-heading" id="shiba-inu-is-volatile-but-uptrend-remains">Shiba Inu is volatile but uptrend remains</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/im5k2_6Jo1xygBU3O9aht66jZUC7B4ItZ1EYFlIXXr37Sl_QnY1clTSCqPk_EJXv3yh2diVwSoccsFW8GQDa7RGajmdLHXKYXv-ikpzYXf8KbvOoepCdPi1NOskt-UOM1IQ7lct4umUOyMKpTgtlVwc" alt="Meme coin roundup: El Hippo, Shiba Inu, and Dogecoin trending below monthly high - 28">
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<p>SHIB has had a strong month, hitting the highest point since March 2023 on Dec. 17 before ticking back downwards to continue a volatile price pattern that appears to be tentatively climbing upwards.</p> 
<p> You might also like: <a href="https://crypto.news/shiba-inu-soars-21-in-a-week-becomes-18th-largest-cryptocurrency/"> Shiba Inu soars 21% in a week, becomes 18th largest cryptocurrency by market cap </a> </p> 
<p>There has been an uptick in activity on social media. This spike might support prices in the future.&nbsp;</p> 
<p>As with any asset, it’s impossible to tell what will come next. However, with the market still celebrating the recent rise in Bitcoin price, there could be more room for growth.</p> 
<h2 class="wp-block-heading" id="dogecoin-gradual-rise">Dogecoin gradual rise</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/7ZJNAa2ePKVMVOE4W7oCxlPwMLdoucJTrYFi4zWdRzARXeV1YDPBen1lNZXHijUb3kb5SXF0bbfm8dNgGaOwbBBP4KRgcCB7n0q3XiTfn5KABfhEOKcweu2EXBd5mmxnvzVgALlP1POUPDJrg4pI62E" alt="Meme coin roundup: El Hippo, Shiba Inu, and Dogecoin trending below monthly high - 29">
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<p>Dogecoin is now trading at $0.88 after hitting $0.105 earlier in the month. Like El Hippo and Shiba Inu, Dogecoin has been trending upwards this month.</p> 
<p>Analysts are watching <a href="https://crypto.news/will-elon-musks-cybertruck-accept-dogecoin-and-this-new-altcoin/" data-type="post" data-id="14226921">Dogecoin</a> closely to see if the recent price spike is a one-time event or if the market’s favorite cryptocurrency is making a comeback.&nbsp;</p> 
<p>Dogecoin supporters were hoping for $1, but reaching $0.10 by the close of 2023 may be a bullish sign for the altcoin in 2024.</p> 
<h2 class="wp-block-heading" id="entering-the-new-year">Entering the new year</h2> 
<p>2023 has been a volatile year for crypto. Major setbacks, like the aftermath of the FTX disaster in late 2022, dampened the recovery efforts. However, Bitcoin (BTC) recently surpassed $44,000, and many eagerly anticipate a potential bull run.</p> 
<p> Read more: <a href="https://crypto.news/el-hippo-and-shiba-inu-likely-to-breakout/"> El Hippo and Shiba Inu likely to breakout </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

Meme coin roundup: El Hippo, Shiba Inu, and Dogecoin trending below monthly high

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