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- 1 PAWSWAP crypto reversed its course and surged over 38.6% in the last two days.
- 2 Despite losing 12.45% intraday, Hoppy crypto made an impressive rise of nearly 38.9% over the last three sessions.
Despite weakness in the broader market, the Memecoins market looks promising as several meme tokens reversed their course to turn bullish in the short term in recent sessions. The memecoin market is up over 1.05% intraday with a market capitalization of $48.161 Billion.
Top memecoins including Dogecoin, Shiba Inu, and Pepe seemed to be reversing on the bullish side again in the last couple of sessions. The meme coins with small market capitalization have made a strong rally from their lows and are expected to rise further.
PAWSWAP rose over 38.6% in the last couple of sessions from its recent lows. On the other hand, Hoppy cryptocurrency noted an impressive rise of nearly 50% in the last three sessions, however, it dropped nearly 10% today.
PAWSWAP Crypto Witnesses a Bullish Reversal!
PAW is a vibrant ERC-20 token that is the cornerstone of the PawChain community. It’s not just a cryptocurrency, it’s a key player in the PawChain ecosystem, supporting transactions and steering community governance.
Moreover, this token is on the brink of a transformation, set to shift from its ERC-20 roots to become a versatile cross-chain asset. At the core of PawChain’s Layer-2 solution, PAW is the linchpin connecting all utilities. It’s the driving force behind PawSwap, the ecosystem’s decentralized exchange, propelling both swaps and staking.
PAWSWAP crypto surged over 38.6% in the last couple of sessions, suggesting a bullish reversal from the lows. PAW surpassed the 50 and 200 days exponential moving averages indicating a strong comeback by the bulls.
However, the crypto is yet to test the recent supply of $0.0000000186 above which a bullish reversal will be confirmed. At the time of writing, the crypto was hovering close to $0.0000000172 recording a swift 7.65% rise intraday.
At press time, it was ranked 1162nd in the cryptoverse with a market capitalization of $7.46 Million. The transaction volume jumped 11.82% to $649.09K, indicating a bullish continuation. The volume to market cap ratio at 8.67% suggests mild volatility.
Hoppy Crypto Strengthens its Hopes Towards New Highs
Hoppy is a unique anthropomorphic frog from Matt Furie’s 2012 comic book “The Night Riders,” has leaped into the digital world mirroring his image. This character has hopped through meme culture, achieving legendary status with his adaptability and strength.
The daily chart reveals that Hoppy crypto has been in a strong bullish trend above the 20 day EMA. Recently, the sellers attempted to regain control over the price, however, the bulls made a comeback near the 20 day exponential moving average and the price bounced back higher.
The increased intraday volume by 34.9% suggests a rise in demand. The recent surge aligned the short term trend with the long term trend. The crypto may continue to print higher lows.
The volume to market capitalization ratio is 13.73% reflecting mild volatility. It has a total supply and circulating supply of 420.69 Billion Hoppy tokens.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
