Crypto exchange the world’s largest, Binance, has just announced that they will do listing to same corner Sui-based, sudeng (HIPPO), in the market futures today (13/11). A few minutes after this announcement, the price of HIPPO suddenly soared by 90% and is currently trading at US$0.022.
Listing HIPPO on Binance is part of a series same corner which was recently added by exchange the. However, what will happen next for this token, considering this is same corner Sui is the first one exchange This listing?
Binance Announces Listing sudeng, Market Cap Reaches US$225 Million
According to Binance, HIPPO will become available today, November 13, at 12:30 UTC. Binance also mentioned that trading will start around the same time, with leverage up to 75x. Before announcement Currently, the price of HIPPO is still perched at US$0.012.
However, as soon as the news spread, the trading volume immediately skyrocketed to US$100 million, and the price same corner Sui also got jacked.
Sudeng 4 Hour Price Chart | Source: TradingView
For those who are not familiar, sudeng was hatched on the Sui network and was inspired by the famous pygmy hippo named Moo Deng, which became a sensation and meme on the internet. Following a brief price spike of Moo Deng (MOODENG), the HIPPO token also attracted attention due to its character meme-his. Also, thanks to its commitment to donating a portion of profits to wildlife conservation.
Interestingly, the impact of listing HIPPO on Binance is similar to when MOODENG listingwhich successfully sparked a price rally of 85%. Apart from that, this announcement also had a significant impact on HIPPO’s market capitalization. A report from CoinGecko revealed an increase from US$115 million to US$225 million.
Sudeng Market Capitalization | Source: CoinGecko
HIPPO Price Prediction: Overbought
From a technical point of view, the rise in HIPPO prices has erased all the losses incurred a few weeks ago. Besides that, same corner it is now perched at a new peak price of US$0.022.
On the daily chart, HIPPO’s Relative Strength Index (RSI) has risen above 70.00. As a reminder, RSI is a technical oscillator that measures momentum and indicates whether an asset is up overbought (full of buying) or oversold (oversold).
When the number is below 30.00, it indicates condition oversold. Conversely, if it is above 70.00, as is the case with HIPPO currently, the token is in condition overbought. Therefore, if buying pressure slopes, prices same corner This has the potential to also dive, perhaps moving towards US$0.014.
Sudeng Daily Analysis | Source: TradingView
However, if hype If the Sudeng token strengthens again, the above scenario may not happen. In such a scenario, the price of HIPPO could potentially rise as high as US$0.030.
What do you think about listing This HIPPO on Binance? Come on, share your opinion here our Telegram group. do not forget follow account Instagram And Twitter BeInCrypto Indonesia, so you stay update with the latest information about the world of crypto!
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The Great Hippo Premium of Binance: A Comedy of Pricing and Penguins (or is it Pygmies?)!
Ladies and gentlemen, boys and girls, gather around for the latest circus in the crypto universe! Binance, the self-proclaimed ruler of the crypto exchanges, has just decided to list the sudeng (which is not a spell from Harry Potter, but rather a new token meant to cause a stir—like a hippo doing ballet!). And this isn’t just any ordinary token, not in the slightest—but hold onto your wallets, because apparently, it’s inspired by a pygmy hippo called Moo Deng! Yes, that’s right—Moo Deng! Now if that ain’t the most interesting thing since sliced bread, I don’t know what is!
Okay, the price shot up faster than I can put a fiver on a horse at a dodgy racetrack—90% in mere minutes! Like watching your ex take off at the bar with someone who looks about twenty years younger (or maybe the guy simply had six packs). It’s currently trading at $0.022, and before you start considering a mortgage on your house to invest, remember: this is crypto! Strap in because we’re just getting started!
Introducing: The Sudeng
HIPPO (yes, there’s a whole theme happening now) is part of the Sui network. After the token was listed on Binance, it shot straight up—just like how I feel after eating a family-sized pizza! And wait, it gets better: the trading volume did a dramatic leap! Imagine a diabolical jack-in-the-box that just couldn’t keep its lid on, reaching a whopping $100 million! That’s nearly enough to buy my senses back after that rollercoaster of price action.
This sudden rise in market cap from $115 million to $225 million makes me wonder—are investors actually sober, or is everyone just riding the “Hype Express”? Before hitting the ‘buy’ button, remember the golden rule of crypto: “Move fast and break things… usually your bank account!”
The Technical Gobbledygook
Now, let’s chat technical analysis—don’t worry, I won’t bore you to death! With the RSI (or Relative Strength Index for you non-nerd folks trying to decipher the Matrix), it’s sitting above 70. Meaning? You’ve got an overbought situation, which might just lead to some teeny tiny price dips. I mean, if it were any more overbought, it’d need a therapist to talk about its issues! Analysts reckon it could drop back down to $0.014—like falling off a seesaw after your mate decides it’s going to the moon. Or, if the trading momentum stays hot, we could see the HIPPO prancing to $0.030!
A Gaming Gimmick or Environmental Hero?
The hype isn’t just a sugar-coated dream, though! This token plans to channel profits into wildlife conservation—because let’s be honest, nothing says “I care” like buying your way into sainthood while also getting rich. But really, it’s a nice twist when you think about it. Investing in crypto while saving the wildlife is what I like to call a “double whammy”—profit today, potential skies of blue for hippos tomorrow!
So, will the sudeng hold its value? Is this all one big, merry-go-round-like adventure powered by memes and pygmy charm? Only time will tell!
What’s Your Take?
So, what do you think about HIPPO’s listing? Is it the ‘next big thing’ or just another fleeting phase in the circus that is cryptocurrency? Don’t forget, your two cents—yes, every bit helps, including mentally tallying why you just clicked ‘buy’—might make the difference! Join the community discussions on Telegram, and don’t forget to check BeInCrypto’s socials for the latest nuggets of wisdom!
Whether you’re in it for the profits, the memes, or simply rooting for hippos, keep your eyes wide and wallets at the ready. Who knows? You may just ride this wave to success, or at least to your local hippo sanctuary. Happy trading!
Crypto exchange Binance, recognized as the largest in the world, has just made an exciting announcement: starting today, November 13, they will officially list the Sui-based token, sudeng (HIPPO), on their market futures. Mere minutes after this news broke, the value of HIPPO skyrocketed, seeing an astonishing increase of 90% and currently trading at US$0.022.
Listing HIPPO on Binance represents just one of the latest moves by the platform, which has been on a spree of adding new tokens to its offerings. Industry observers are now closely watching to see what this listing means for the future of HIPPO, especially considering it is the first Sui-based token to secure a spot on this prominent exchange.
Binance Announces Listing sudeng, Market Cap Reaches US$225 Million
According to Binance, HIPPO will officially become tradable today, November 13, at 12:30 UTC. Trading volumes are projected to be substantial, as Binance will allow leverage of up to 75x for this new offering. Before this significant announcement, HIPPO was trading at a modest US$0.012.
However, with the news rapidly circulating, trading volumes surged dramatically to US$100 million, signaling a robust interest in the Sui-based token while propelling its price even higher.
Sudeng 4 Hour Price Chart | Source: TradingView
For those who are not yet familiar, sudeng was developed on the Sui network and draws inspiration from Moo Deng, a beloved pygmy hippo that has become an internet meme sensation. Following a brief rally associated with another token linked to this character, Moo Deng (MOODENG), HIPPO gained traction, especially given its commitment to donating a portion of profits to wildlife conservation efforts.
Interestingly, the effects of listing HIPPO on Binance are reminiscent of a previous impact felt when MOODENG was listed, which triggered an impressive 85% price rally. This new announcement has also significantly influenced HIPPO’s market capitalization, which surged from US$115 million to an impressive US$225 million, according to reports from CoinGecko.
Sudeng Market Capitalization | Source: CoinGecko
HIPPO Price Prediction: Overbought
From a technical analysis standpoint, the recent surge in HIPPO’s price has completely reversed the losses incurred in the prior weeks, placing it at a new peak value of US$0.022.
Examining the daily chart reveals that HIPPO’s Relative Strength Index (RSI) has soared above 70.00, a critical threshold for identifying overbought conditions. An RSI reading below 30.00 indicates an oversold condition, whereas a reading above 70.00, as observed with HIPPO, signifies it may be overbought.
Should buying pressure diminish, the price may pull back, potentially dropping towards US$0.014. However, a shift in market sentiment or sustained enthusiasm could alter this trajectory.
Sudeng Daily Analysis | Source: TradingView
If the hype surrounding the Sudeng token escalates once again, the aforementioned scenario may not materialize. In a highly optimistic case, HIPPO’s price could reach levels as high as US$0.030.
What do you think about the listing of HIPPO on Binance? Share your insights with us in our Telegram group and stay connected by following our Instagram and Twitter accounts for the latest updates in the crypto world!
Denial
All information provided on our site is published in good faith and is meant to offer general information only. Readers are encouraged to take actions based on their own understanding and are fully responsible for any decisions made based on the content provided.
Additionally, some articles on this site are AI translations from the original English version of BeInCrypto.
Tes that an asset is oversold, while a reading above 70.00 suggests that it may be overbought. As such, many analysts are cautioning potential investors, noting that a pullback to around $0.014 could be on the horizon if momentum wanes.
However, the bullish sentiment surrounding HIPPO isn’t solely founded on technical indicators. The token’s environmental commitment—channeling profits into wildlife conservation—has forged a stronger emotional connection with investors. This dual purpose could sustain appeal in the market, especially among eco-conscious traders.
### Wrap Up
while the recent surge in the price of HIPPO is certainly impressive, potential investors must weigh the hype against the inherent volatility of the crypto market. With its strong debut on Binance, HIPPO may present lucrative opportunities, but as always in cryptocurrency, it’s crucial to proceed with caution.
Join the conversation on our Telegram, and let us know if you think HIPPO is a potential winner or just another blip on the crypto radar. Whether you’re trading, meme-ing, or supporting wildlife, remember: stay informed and happy trading!