$HUMP became one of the expert meme coin favorites after they were disappointed with Shiba Inu recent performance, they saw huge potential in this next top SOL meme coin candidate.
Shiba Inu Struggles with Intense Selling Pressure
Shiba Inu known as the “Dogecoin Killer” surprised the whole crypto community when it first launched in 2021 and is now making headlines again with its remarkable 100% price spike since the beginning of 2024. Shiba Inu’s price has seen a huge increase from $0.000009 to $0.00002828, according to recent data from CoinMarketCap. Unfortunately, the price surge didn’t last long. Shiba Inu recently experienced a significant price adjustment, with its value dropping by over 10%. Currently, it’s stuck at that level with no promising signs of recovery in sight. Despite the current upcoming bull run hype, which is fueled by the upcoming Bitcoin halving this month, some well-known analysts are disappointed with its performance.
Experts Insight: The Next Crypto Hidden Gem
After some top meme coins reached their peak, investors and traders are actively looking for the next crypto hidden gem. $HUMP, which has swiftly become everyone’s favorite in recent weeks, is gaining traction following a great launch and experts believe it’s gaining momentum on a previous market correction. $HUMP has made waves across the whole cryptocurrency market, and it’s no surprise considering its incredible performance. Since its launch on March 29, its price has surged by more than 200x. This token introduces an innovative concept with a sophisticated mechanism that enables every trader and investor to conduct transactions without worrying about buying and selling taxes. Experts have also seen a huge increase in its community; now, its social media followers have increased by more than 30%, reaching over 11k followers in one week. Furthermore, the number of $HUMP holders also doubled only a few days ago, from 2000 to 6000 and this continues to rise.
Surpass $100 Million Capitalization
Apart from achieving the milestone of listing itself on Coinmarketcap and Coingecko within a week of its launch, $HUMP has now reached another important milestone. At the time of writing this article, Hump’s market capitalization reached the $100 million milestone and now continues to rise to an even higher level, Its daily transaction volume also increased sharply, starting from only $2 million, and this token now trading at almost $5 million per day. This makes $HUMP one of the meme coins with the best performance this month compared to other top SOL meme coins.
Impressive Performance on Recent Corrections
In the last week, $HUMP has given outstanding results. While several well-known meme coins, such as $SHIB, saw a 7% price adjustment and $DOGE experienced a comparable 5% price decrease, $HUMP appears to be in good shape. It’s even hit a price record, lately surpassing $0.02, representing a 200x rise since its March 29 inception.
Movement from Whales is Also Noticed
Whale activity has increased significantly over the last week, according to data from dextools.io, which collects transactions from platforms such as Raydium, Jupiter, and other DEX. Transactions involving $HUMP have increased significantly compared to the previous week, especially those above $10,000. This indicates that whales are starting to accumulate $HUMP.
$HUMP: Could it be The Next 1000x Memecoin?
Hump’s spectacular growth over the last week, along with reports of its anticipated listing on a top ten centralized exchange, has positioned it as a memecoin with the potential to outperform $BONK and experience large price gains this year. Experts also believe that the approaching halving event this month will bolster this possibility, bringing general market sentiment into an optimistic state. The $HUMP development team is entirely devoted to ensuring that this coin is more than just a speculative instrument but also provides long-term value that exceeds short-term profits.
Click here to Buy Hump Token (HUMP):
Website: https://hump.io/
Twitter: https://x.com/Humptoken
Telegram: https://t.me/humptoken