HIPPO it is a meme coin created by fans on SUI, with management entrusted entirely to the community. The project donates a portion of its profits to global wildlife causes, starting with Khao Kheow Open Zoo, home of Moo Dengthe pygmy hippopotamus that went viral on the web.
The meme coin has grown by 212% in the last 7 days, rising from $0.010 to the current value of $0.02555. The meme coin’s market cap has reached 255 million dollarswhile the 24-hour trading volume grew by 10%, for a total of 184 million dollars.
The increase in HIPPO’s value was attributed to the listing on Binance Futures. This is an important milestone for the token, as Binance is the most important exchange in the digital asset sector.
Can HIPPO surpass Moo Deng?
According to analysts, the listing on Binance Futures can actually give HIPPO the push needed to overtake Moo Deng, another meme coin dedicated to the hippopotamus of the same name.
At the moment there is still a lot of gap between the two tokens, as Moo Deng has a value of $0.06393 and a market cap of 632 million dollars.
Both meme coins have received a boost from the current bull market, triggered by the growth of Bitcoin, currently trading at $88,350.
The SUI blockchain
In general, the growth of HIPPO it could also be influenced by that of SUI, the layer-1 blockchain on which the meme coin was created.
SUI was designed to provide a scalable and secure platform to traders, with a model that aims to solve the problems typical of blockchain architectures.
The SUI token plays a fundamental role in the Sui ecosystem, with several applications expanding its use.
First, the token is essential for participation in the proof-of-stake mechanism delegated, furthermore, i token SUI they are used for the payment of gas fees necessary to execute transactions and store data on the blockchain, facilitating the functioning of operations on Sui.
Currently, the SUI token is trading at $3.36a value reached after the 47% growth recorded in the last 7 days. The market cap of the asset amounts to approximately 10 billion dollars.
Flockerz
In addition to HIPPO and Moo Deng, traders are also taking an interest in another project, again in the meme coin segment.
It’s about Flockerza DAO (Decentralized Autonomous Organization) based on a mechanism “Vote-To-Earn”.
Like HIPPO, too Flockerz is 100% focused on communitycalled “The Flock”. Members will be able to participate in the governance vote of the DAO Flocktopia simply buying and holding the token FLOCK. Furthermore, with each vote, it will be possible to receive additional FLOCKS as a reward.
In this way, Flockerz wants to combine the decentralization of a DAO with the fun and humor typical of meme coins.
At the moment, the Flockerz presale has collected more than 2 million dollarswith the FLOCK token sold at $0.0060289.
Traders can buy FLOCK with cryptocurrencies or credit card, to immediately stake and obtain ricompense passive in base all’APY.
For more information on how to buy Flockerz you can read this guide.
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