In crypto, a single listing can be major news for a low cap coin, often leading to major upward price momentum.

Fledgling meme coin El Hippo is no exception, seeing the beginning of a price rally following a listing on the Bitget exchange this week as well as multiple airdrops and giveaways connected to the project.

So what is the El Hippo meme coin, and how far could this rally go?

What is El Hippo?

El Hippo is a young meme coin that launched just four months ago, already building a substantial following online. There are now 10,000 HIPP token holders according to on-chain analytics, and over 100,000 followers across the project’s social media platforms.

El HIppo has grown successful thanks to encouraging its fanbase to create user generated content in the form of hippo memes, funny videos, and more. The community is highly active online, with many users changing their profile pictures to a unique hippo using a specialized El Hippo profile picture generator.

The project funds regular meme contests, $10,000 airdrops, and other giveaways that have been instrumental in building excitement and brand awareness for El Hippo. The community receives $700 every two weeks through a Zealy campaign that encourages platform interaction. That reward has been doubled to $1,400 now to celebrate the Bitget listing.

Bitget Listing to HIPP Rally

The project’s native HIPP coin is now trading at $0.000000009, up 80% on the month. The project is up arond 270% since launching in August. Not bad gains, although for a project with a market cap of just $6.4 million, gains could easily go higher.

For example, a 100x increase in price would lead to the project being valued at $640 million, less than 7% of the total Dogecoin market cap. Meme coins can and do explode to far greater heights than what HIPP is currently valued at, and it is this possibility of explosive growth that has many meme coin investors wondering if they’ve stumbled across the next early-stage SHIB or PEPE.

The price chart shows that the coin has made steady, consolidated growth over the last month, with price establishing support firmly before moving on to a new higher price point each time. This is an excellent sign for anyone looking for sustainable growth on a price chart, although of course, there is no crystal ball when it comes to technical analysis in crypto.

Giveaways and How to Buy HIPP

Users can buy HIPP via Uniswap, a direct fiat transfer of 14 currencies through the El Hippo website, and, of course, now on Bitget.

There is also a major airdrop now underway to celebrate the Bitget listing. The first 300 users to deposit a net total of $50 worth of HIPP by November 28 will receive $30 worth of HIPP, and the next 700 after that will receive $20.

The 50 users with the highest sum deposited will also receive a free Bitget x El Hippo tshirt.

El Hippo is reportedly planning many other promotions over the next two weeks to draw more attention to the new listing, all of which is aimed at catalyzing upward price action and raising the project’s public profile online.

Small Cap Meme Coin Rallies

Some of the most explosive gains in crypto have come from the rallies we saw in the early days of SHIB, PEPE, and FLOKI. If El Hippo can capture even a fraction of the attention that these projects did, it could prove to be a major contender in the meme coin space, and it’s certainly off to a good start.

It’s no easy feat to get listed on a platform like Bitget, and with the upward trending price and activity on social media, it’s possible that we’re witnessing the start of a wider price rally for HIPP, although of course, the future remains to be seen.