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Memecoin Mania: What Can HEGE Do in a Bull Market?
Published: March 22, 2023, 10:45 AM CET
As the cryptocurrency market continues to boom, meme coins are stealing the show. Among them, HEGE (Hold Everybody’s Grudge, Essentially) has gained significant traction, with its price soaring by over 1000% in just a week. But what can HEGE do in a bull market, and will its momentum sustain?
What is HEGE?
HEGE is a decentralized memecoin built on the Ethereum blockchain. It aims to satirize the current market trends and capitalize on their absurdity. The meme coin’s core team includes experienced developers, marketing specialists, and, most notably, a prominent figure from the cryptocurrency space.
What Can HEGE Do in a Bull Market?
As a meme coin, HEGE’s primary objective is to entertain and humorously criticize the market. However, in a bull market, HEGE can benefit in several ways:
- Price Appreciation: With more investors buying into the cryptocurrency, the demand for HEGE increases, causing its price to rise.
- Increased Exposure: HEGE’s unique selling proposition (USP) lies in its humoristic approach to the market. As more investors discover and engage with HEGE, its visibility grows, attracting new investors and solidifying its market presence.
- Partnerships and Collaborations: HEGE’s irreverent attitude might pique the interest of major players in the industry. Collaborations and partnerships can lead to new opportunities for growth and innovation.
- Improved Governance: As HEGE becomes more prominent, its decentralized governance model will be subject to scrutiny and potential enhancements, ensuring that the token remains community-driven and decentralized.
Can HEGE’s Momentum Sustain?
Despite its recent surge, HEGE’s long-term success will depend on various factors, including:
- Community Engagement: As more investors join the HEGE community, they’ll be expected to contribute to its growth by participating in discussions, spreading awareness, and providing feedback.
- Developments and Updates: HEGE’s development roadmap will dictate the pace and quality of its updates. These enhancements will need to keep up with the market’s changing landscape and investors’ demands.
- Competitive Landscape: The rise of meme coins like HEGE may lead to increased competition in the space. Staying ahead of the curve and differentiating itself from others will be crucial.
Conclusion
HEGE has become an unlikely star in the world of cryptocurrency, with its price skyrocketing and market capitalization soaring. In a bull market, HEGE can benefit from increased exposure, price appreciation, and partnerships. While its momentum can sustain if the community and development teams continue to grow and evolve, the project’s future success will ultimately depend on its ability to adapt and innovate.
Keywords and Tags:
HEGE, Memecoin, Bull Market, Cryptocurrency, Ethereum, Decentralized, Market Trends, Satire, Entertainment, Humor, Cryptocurrency News, Crypto Market Update, Meme Coins, Blockchain, Blockchain Technology, Cryptocurrency Investments, Investor Insights, Cryptocurrency Development, Community Engagement.
Stay tuned for further updates and analysis on the world of cryptocurrency and beyond!
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/70b9v2845lod1.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 very clearly 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/wpsbqm875lod1.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 be offering 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/58c7zphe5lod1.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-
READ ALL OF THIS. This us not just good Hege insight, this is *good insight overall*. It is basically an Economist article for free. Uncle Fred #1.
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