sudeng

Date: Wed, Nov 13, 2024, 11:22 AM GMTIn the cryptocurrency market today, Binance has once again stirred the market with a new listing announcement. This time, it’s the SUI-based memecoin Sudeng (HIPPO), which surged by almost 100% within an hour of the announcement. HIPPO joins the recent wave of Binance-listed memecoins like <a href="https://coinsprobe.com/pnut-and-act-skyrockets-following-binance-listing-announcement-and-whales-accumulation/" rel="noopener noreferrer nofollow">PNUT and ACT</a>, sparking fresh excitement among traders and investors.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3cced3cfdf8146869ba151fe6763241b.png" />Source: Coinmarketcap<h3 id="binance-future-listing-fuels-market-excitement">Binance Future Listing Fuels Market Excitement</h3>An hour ago, Binance <a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-hippousdt-and-1000xusdt-perpetual-contract-with-up-to-75x-leverage-220339ba12bd451c8362ad8501ea87e9?hl&#61;en" rel="noopener noreferrer nofollow">announced </a>the launch of HIPPOUSDT and 1000XUSDT perpetual contracts with leverage of up to 75x, which will go live at 12:30 (UTC) on Nov 13.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a4cd1af2cf554b5aac55664f73b85392.png" />Source: &#64;BinanceFutures (X)This news instantly sparked a trading frenzy around HIPPO, sending the token to an all-time high of $0.02453, easily breaking past previous resistance levels of $0.01240 and $0.01957. Currently, HIPPO is trading at around $0.02117, making it one of the most-watched tokens on Binance right now.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8a9b7a8fdcc848e1b3b5f7528748df9c.png" /><h3 id="will-the-rally-continue">Will the Rally Continue?</h3>The question on every trader’s mind is whether HIPPO can maintain its momentum. Looking at recent memecoins listed on Binance’s futures, such as <a href="https://coinsprobe.com/goatseus-maximus-goat-sees-50-correction-from-ath-is-a-recovery-rally-on-the-horizon/" rel="noopener noreferrer nofollow">Gaotseus Maximus (GOAT)</a> and Moodeng (MOODENG), both experienced similar initial rallies followed by a 50% correction. After stabilizing, they each rebounded, kicking off another leg up. Based on this trend, HIPPO might experience a similar correction before possibly making another upward move.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/pnut-and-doge-records-new-all-time-highs-after-massive-rallies-whats-driving-the-surge/" rel="noopener noreferrer nofollow">PNUT and DOGE Records New All-Time Highs After Massive Rallies: What’s Driving the Surge?</a>

Sudeng (HIPPO) Surges Following Binance Listing Announcement: Will The Rally Continue?

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