Coins Nearing Monthly Highs Are El Hippo (HIPP), Shiba Inu (SHIB), Ethereum (ETH)

The crypto market is heating up once more after almost two years of fairly steady decline and stagnation. ERC-20 tokens in particular are showing strong signs of life as fresh investment pours into crypto, boosting prices and causing social media to run wild with altcoin season speculation.Here are three coins of varying sizes that are trending upwards to their monthly highs, possibly preparing to move higher.

El Hippo (HIPP)

El Hippo is fresh meme coin that launched in August and has seen 150% price appreciation since then. HIPP Is now trading just shy of its monthly high following a $10,000 airdrop and an ever-growing presence on social media.Meme coins live or die by how popular they are online, and with over 100,000 followers in just 3 months on socials, El Hippo is building up a formidable audience. The community is known for creating hippo-themed memes and participating in the regular meme contests the project launches to reward its users. El Hippo gives away $700 every two weeks to its content creators.

All this activity has caused price to rise, with the project just passing 10,000 confirmed token holders.

With a low market cap of just $4.3 million, El Hippo is a rare example of a trending coin that still has room to move. For example, a 100x spike would still have HIPP valued at less than our next coin, Shiba Inu, making the project an attractive moon shot option. Of course, this works both ways, and low-cap coins are on the riskier side when it comes to investments in crypto.

Pepe (PEPE)

Pepe is currently trending upwards and just about level with its own monthly high where it’s currently encountering resistance. At a $549 million market cap, this project’s days of going 1000x or 100x are likely behind it, but that doesn’t mean that there isn’t still room for significant upward momentum.

PEPE famously exploded in price in 2021 to become one of the most valuable coins on the market, and the crypto space hasn’t forgotten the kind of gains PEPE is capable of. To reclaim its former all-time high, PEPE would have to move almost 2x, which is still a healthy increase in price by any metric.

PEPE analysts believe that the coin could be consolidating at its monthly high in preparation of a breakout, so prepare for battles to be fought at the current price point and a move in either direction shortly thereafter.

Ethereum (ETH)

While by no means a moon shot, ETH is a steady climber and the #2 project in the space for good reason. ETH just surpassed its previous monthly high, a strong upward trend that might not be over just yet, possibly presenting an earning opportunity for investors with good timing.

ETH is now trading at around $1,924 compared to an all-time high of around $4,500, leaving the coin with plenty of room to grow if the conditions are right. With Bitcoin and the rest of the market slowly on the rise, we could be seeing the dawn of a new bull run, and as the clear forerunner in Web3 and DeFi industries, ETH is always a popular choice among investors.

Capitalizing on Crypto Price Swings

Whether you’re swing trading, day trading, or holding for the long haul, it’s always worth keeping an eye on coins that are making higher highs during an upward trending market. This list includes a moonshot with wild price growth potential, El Hippo, as well as the potential to be the riskiest bet on the list. It also includes PEPE, the former meme coin king slowly making steps to regain its crown, as well as, of course, Ethereum, the network that hosts both of these coins and thousands more throughout the growing crypto industry.