Hoppy

Shiba Inu

POPCAT

Hoppy, a popular Ethereum-based meme coin, surged to its highest level in over two months as the number of holders increased. 
Hoppy (<a rel="" href="https://crypto.news/price/hoppy/">HOPPY</a>) rose for two consecutive days, reaching a high of $0.00012, its highest level since July 23.&nbsp; 
The rally mirrored the performance of other meme coins. Shiba Inu (<a rel="" href="https://crypto.news/price/shiba-inu/">SHIB</a>), for example, has risen by 15% in the last seven day, while other meme coins like Dogwifhat (<a rel="" href="https://crypto.news/price/dogwifhat/">WIF</a>) are up by more than 40% in the same period. 
 You might also like: <a rel="" href="https://crypto.news/popcat-hits-all-time-high-as-market-cap-surges-past-1b/"> POPCAT hits all-time high as market cap surges past $1b </a> 
This performance has been triggered by Bitcoin’s (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>) rebound, which has seen it rise from $52,000 earlier this month to $64,000. Meme coins tend to perform well when Bitcoin and Ethereum are rising. 
Meanwhile, the number of Hoppy holders has been on a strong uptrend over the past 30 days, increasing from 13,200 on Aug. 25 to 13,852. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="2390" height="810" src="https://crypto.news/app/uploads/2024/09/Hoppy-Holders.jpeg" alt="Hoppy meme coin hits 2-month high as holders jump - 19" class="wp-image-14299851">
 <figcaption class="wp-element-caption">
 Hoppy holders | Source: <a href="https://www.coincarp.com/currencies/hoppy-coin/richlist/" target="_blank" rel="nofollow">Coincarp</a>
 </figcaption>
</figure> 
Unlike most meme coins, Hoppy’s holders are relatively diverse, with the top ten holders owning 24% of all tokens. The top 100 holders control 54% of all tokens, according to <a href="https://www.coincarp.com/currencies/hoppy-coin/richlist/" target="_blank" rel="nofollow">Coincarp</a>.&nbsp; 
Meme coins, when traded wisely, have become some of the most popular wealth generators this year. For example, data from <a href="https://app.nansen.ai/profiler?address=0x775944da059677723af8ae4ab931c1615d29cd16&amp;chain=all&amp;name=High+Balance+%5B0x775944%5D&amp;tab=pnl" target="_blank" rel="nofollow">Nansen</a> shows that a trader who spent $9 buying Hoppy in July has gained $6,500. That same trader now has over $673,000 in unrealized profits. 
<h2 class="wp-block-heading" id="hoppy-has-more-upside">Hoppy has more upside</h2> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2024/09/Hoppy-price.png" alt="Hoppy meme coin hits 2-month high as holders jump - 20" class="wp-image-14299849">
 <figcaption class="wp-element-caption">
 Hoppy price chart | Source: <a href="https://www.tradingview.com/symbols/HOPPYUSDT/?exchange=MEXC" target="_blank" rel="nofollow">TradingView</a>
 </figcaption>
</figure> 
There are signs that Hoppy has further upside potential. It formed a double-bottom pattern at $0.000037 between August and September and has crossed its neckline at $0.000083, its highest point on Aug. 26. 
Hoppy has risen above the 50% Fibonacci retracement level and the lower side of Andrew’s pitchfork tool. It has also moved above the 50-day moving average, pointing to more gains toward the 61.8% retracement point at $0.00013. 
 You might also like: <a rel="" href="https://crypto.news/from-memecoins-to-utility-tokens-the-expanding-crypto-ecosystem-of-solana/"> From memecoins to utility tokens: The expanding crypto ecosystem of Solana </a>

Hoppy meme coin hits 2-month high as holders jump

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