In a sea of red, $HEGE is already rebounding
The trade tariffs imposed by Trump have caused a shock in the financial and crypto markets. The memecoin space has been hit hard as well. Several memecoins have dropped in value with double digits in the past days. $HEGE, the first story-driven memecoin, was hit by the market turmoil as well**. But unlike the freefall other memecoins are currently experiencing, $HEGE is showing remarkable strength.**
$HEGE dropped to a market cap of $10 million today, from its floor of $16 million. Yet the rebound was as strong as the drop. $HEGE is almost back to the same level as it was last weekend. Other projects have not noted such a strong comeback, and many are still in the red. This is a clear sign of $HEGE’s potential.
Previous drop followed by pump
Interestingly enough, just before $HEGE reached its all time high of $50 million in November last year, it also saw a strong dip. In the weeks before the pump, $HEGE dropped from its previous ATH of $30 million to a low of $6 million. That is an 80% decline. Now the current drop from $50 million to today’s low near $10 million also means an 80% decline. Last time, that drop was followed by an 8x rally. If history would repeat itself – and it does seem the case in crypto – a new ATH is a matter of weeks.
There are more positive facts lining up for $HEGE. Before the previous drop in November last year, $HEGE’s team announced the implementation of its $120K marketing budget. Currently $HEGE has a 400K marketing budget lined up. This consists of two new exchange listings, employing a new market maker to increase trading volume and prepare the project for a Tier-1 exchange listing, lining up KOLs and an increased presence on social media.
Dip bought by new investors
Another interesting fact is that today’s market dip has been bought up by new and relatively small retail investors. It is not the whales that are articificially pumping this coin, but people that had $HEGE on their radar and are now jumping in. Moreover, $HEGE’s holders are currently on the increase while those of other memecoins have decreased. That is data you can check for yourself on holderscan. com.
And while the social media channels of other memecoins went silent during the drop, $HEGE’s community stepped up. According to memecoin-advocate Murad Mahmudov that is one of the factors to take into account when researching potential multi-billion dollar projects.
Buying crypto has the potential to be very lucrative. But it is a risky business. Therefore I would always recommend to follow the first rule of investing: do not spend more than you are willing to lose. Controlling your emotions is the second rule. Or, in the words of Warren Buffet, the most succesful investor of our times: buy when other people are fearful and selling. It seems like for $HEGE, the time to buy is now.
