Breaking News: HEGE Memecoin Rallies in Bull Market, Here’s What You Need to Know
The crypto market is experiencing a remarkable bull run, with many assets surging to new heights. Amidst the chaos, a small cap memecoin called HEGE (HEGE) has made headlines, recording astronomical gains in a matter of days. But what can this memecoin do in a bull market?
HEGE: A Brief Overview
HEGE is a relatively new cryptocurrency, launched in January 2023. Despite its nascent stage, the project has gained significant attention on social media platforms, including Twitter and Reddit. With a total supply of 100 million tokens, HEGE has already garnered a dedicated community, boasting over 100,000 followers on Twitter.
What Can HEGE Do in a Bull Market?
- Ride the Bull: With the market on the rise, HEGE is capitalizing on the momentum, surging by over 500% in the past week. The memecoin’s ability to adapt to changing market conditions has allowed it to stay ahead of the curve, making it an attractive option for traders looking to ride the bull wave.
- Tap into the Memecoin Trend: HEGE has successfully leveraged the power of social media to generate buzz around its token. By tapping into the ever-growing memecoin trend, the project is reaping the benefits of being part of a broader narrative.
- Develop a Strong Community: Despite its relatively small size, HEGE’s community is growing rapidly. As the project continues to deliver on its promises, this dedicated fan base can propel the token’s price, making it an attractive long-term investment opportunity.
- Potential Partnerships and Collaborations: HEGE’s growth potential is not limited to just its token price. As the project continues to attract attention, it may lead to partnerships and collaborations with other projects, potentially driving further growth.
- A Catalyst for Social Change: Memecoins like HEGE have the power to create positive social change. By utilizing its platform, HEGE can support social causes, charities, or innovative projects, making a lasting impact on the world.
Conclusion
HEGE’s remarkable growth in the current bull market is a testament to the power of the memecoin trend. As the project continues to adapt to changing market conditions and tap into its strong community, it may surprise many with its future trajectory. Whether you’re a seasoned investor or a newbie to the world of crypto, HEGE’s story is one worth watching.
SEO Tags:
- HEGE memecoin
- Crypto bull market
- Memecoin trend
- Social media impact on crypto
- Token growth
- Community building
- Partnerships and collaborations
- Social change and crypto
- Investment opportunities
- Cryptocurrency market analysis
- Crypto market news
- HEGE token price
- Memecoin development
For months, financial markets have gone sideways. Often called the summer lull, absentee investors and low volume define this period.
However, keen investors know that this market malaise can obscure a bigger, exciting story. Put simply, if you are in the market today, you're here at a time that's traditionally a great investment opportunity.
Probably the most important chart in crypto.
You can see that the Bitcoin Four Year Cycle theory holds up. If this remains true, we should see an upturn in the markets sometime in the next few weeks.
Keep an eye on global liquidity (M2). Global liquidity is generated by lowering interest rates and by purchasing government bonds. Historically, Bitcoin bull markets coincide with the expansion of global liquidity.
Let's assume the markets will change and investors start moving in in the fall. If so, then the question is: what can memecoins do for your bottom line in a bull market?
I think it's possible to answer this question but with some caveats.
For starters, this analysis is limited by the fact that memecoins are a new asset class. There are only four bull market periods to draw data from, 2017, 2019 March-July, Oct 2020 to April 2021, and Oct 2023 to April 2024. Out of these periods, only the latest bull period has more than a handful of projects.
Criteria:
- The memecoin must exist on October 19th, 2023. We'll call that the approximate start of the bull period.
- The memecoin must have at least a 10 million market valuation as of September 10th, 2024.
That leaves us with 25 memecoin projects.
The average price appreciation for these twenty-five projects is roughly 4000%. That sounds amazing. However, it should be noted that this figure has a standard deviation of 105. That is extremely high and indicates that your fortunes vary wildly depending on what projects you choose. For example, had you picked TRUMP, you would have seen an incredible 27,623% increase. If you picked BONE, you would have lost a bit of money.
As parabolic projects skew the results, it makes more sense to look at the mean value. This is the middle number between the largest and smallest numbers. Had you invested $100 equally into each of these 25 projects, you would have made a return of 391% or $491.00.
That is still a spectacular return on your investment.
Another interesting thing to note is that this period saw the emergence of many successful projects. These include PONKE, WIF, BRETT, POPCAT, BOME, MEW, and GIGA. All these projects are valued at least 100M market cap or higher today.
Memcoins are also rapidly displacing non-memecoin projects. In October 2023, there were five memecoins with a market cap high enough to rank in the top 200 crypto projects. By April 2024, there were nine. Today, there are thirteen projects. The total valuation of the memecoin space also saw a significant jump during this bull period. Rising from 13.9B to 62.5B.
It's also interesting to note that the bull period saw an explosion of projects that obtained 10 and 100M market caps.
| Date | 10M | 100M | 1B |
|---|---|---|---|
| Oct 2023 | 25 | 6 | 2 |
| Apr 2024 | 65 | 13 | 6 |
| Sept 2024 | 88 | 27 | 6 |
Some winners, losers
Unfortunately, it's not all good news. Not all projects over 10M in Oct 2023 made the cut. Six projects didn't meet my criteria for inclusion. These tokens dropped under ten million market cap by September 10th, 2024. The poor performers are WSM, AIDOGE, BAD (lived up to the name), TSUKA, QOM, and TAMA. I've marked Oct 2023 where possible, below.
When you include these 'failed' projects into the dataset, the average appreciation drops to 3500%. The median appreciation drops to 165%. Fortunately, most of the price charts for these projects show a long-term decline in October of 2023. If you're a sensible investor looking to make a good bet in October of 2023, there's a reasonable chance you might steer clear of these projects in favor of younger, more attractive bets. Even if you didn't, as long as you didn't favor any one of these projects your returns would be excellent.
Take a new bet in today's market
On the topic of younger, attractive bets, let's now turn to today's market. We are at a point not too dissimilar to late 2023. It's an upmarket year overall. Historical trends favor the bet that we are on the cusp of a shift into a bull market, not unlike October 2023. Keep an eye on global liquidity and BTC, especially if the US Federal Reserve implements an interest rate cut.
https://i.redd.it/ih13u20t1lod1.gif
In my view, Hege is one of these promising projects. Let's look at the price chart.
Hege's price chart alone is a reason enough to consider this project. This is one of the most attractive chart patterns possible. We can see Hege is a five-month-old project that is growing in a series of pump and consolidation moves. This is fantastic for both short-term and long-term investors. For short-term investors, the price action has been extremely predictable. If you are a high-risk trader, you can play these pump and consolidate patterns to build up your portfolio.
On the flip side, Hege is attractive to long-term investors who have no interest in swing trades. The project is building a base of long-term holders that don't sell. This base of holders is represented by the Absolute Consolidation Floor. For these investors, it doesn't matter what the markets are doing in the short term; these guys believe that a bull run is a question of when, not if, and they believe Hege is positioned to make serious money when it arrives.
Best of all, if you are looking for an entry point, Hege is clearly in a consolidation pattern right now.
Initiatives
I'm going to skip over some of the basics about Hege. If you want, you can read about the token's basics in my other Reddit post here, and here. Rather, I'd like to focus on what Hege is doing today to make it worth your time.
The great thing about Hege is the team understands the need to grind. Memecoins need to constantly release content, engage their community, and market. If they don't, they die. It's really that simple.
New animations and memes are released nearly every day.
https://i.redd.it/9tswvau92lod1.gif
With Hege, there's always something new. Be it plane flyovers, Times Square billboards, $2000 sticker contests, or marketing drives.
Hege is releasing an NFT collection.
What makes this collection unique is that the NFTs serve utility. A majority portion of the sale revenue will be returned to NFT holders as a dividend. This will come as a small payout annually. The remainder will fund Hege's marketing wallet. This functionality is baked into the NFT blockchain itself. Thus, the NFTs serve as a kind of thank-you badge for supporting Hege. The presale launches on September 17th, followed by global availability on the 19th.
The team is goal-orientated and implementing a two-phase marketing plan for September. This plan expands Hege's visibility by leveraging NFT KOLs and community marketing giveaway contests.
Hege has announced a partnership with IceCreamSwap. This will make Hege available to users of the Neon chain. The Neon blockchain has over 2000 transactions per second according to neonevm.org.
Located in Surfers Paradise on the Australian Gold Coast, Shiba Wings accepts crypto as payment. Not only will Hege will be accepted as a form of payment, but Shiba Wings will offer a Hege burger on the menu.
Recently, Hege has partnered with Victus Capital. Victus is a venture capital firm that has agreed to invest between 300K and 500K USD into Hege. This agreement offers Hege connections with KOLs, Tier 1 exchanges, and VC contacts.
To sweeten the deal, the community raised an incredible $3 million Hege in three days. These funds, worth $30,000 USD at the time, allowed the team to expedite the deal by offering Hege to the VC below market price.
Yes, partnering with a VC has its benefits. However, I find the generosity, anchored by a supreme trust in the team astonishing. People really believe in this project and give generously. Remember the project is only five months old, and only has 7000 holders!
Imagine what this project could do once investors are rushing back into the market looking for promising projects.
With its strong chart and Reddit presence, hard-working team, and generous community, I'd argue Hege is positioned for enormous potential come the next bull run. Even if Hege only performed as well as the average memecoin in the 2023-2024 bull period, that's a 4000% increase, or 620 million MCAP at today's price!
https://i.redd.it/umqxetdm2lod1.gif
Reddit: https://www.reddit.com/r/HegeCoin/
Twitter: https://x.com/HegeCoin?t=CVps0PxincwQm5SgMrbGOQ&s=09
DexScreener: https://dexscreener.com/solana/cjcu7cirhbhu4bdnplgaum1a6isp9ruhjmg36rjjrxnd
View info-news.info by UncleFred-