The crypto market is pumping as select altcoins show signs of serious price appreciation, perhaps putting an end to over two years of crypto winter. November has been a busy month for crypto, with increased activity in the BTC and ETH markets spilling out into the wider crypto ecosystem, with coins like El Hippo and Thorchain capitalizing on the increased market liquidity by posting major gains for investors.

El Hippo Hits All-Time High With Bitget Listing and $56k Airdrop

El HIppo is on a major run, no doubt spurred on by a centralized exchange listing thanks to a new Bitget partnership as well as yet another airdrop to reward its users. El Hippo is a fledgeling meme coin with a small market cap of just $8.95 million, although that could be about to change.

As we can see on the all-time charts, price is headed straight up thanks to a series of rewards programs, brand awareness drives, meme contests, and now a centralized exchange listing, all of which has left the El Hippo community hungry for more HIPP, boosting price. HIPP is now trading at $0.0000000125, up 130% on the month and well over 400% since launching in August.

Around $56,000 worth of HIPP is now up for grabs for tasks like trading or depositing HIPP on Bitget among others, according to the project's Twitter account.

The project has blasted past 10k token holders and a listing, thus entering the second phase of its roadmap where it is now targeting 100k holders. As a small cap coin, El Hippo has the potential to post the kind of major gains that aren't possible with larger coins, although this is also true of potential losses.

Thorchain Goes on Bull Run

Thorchain's RUNE token has also been getting in on the action with a major spike in price that increased steadily throughout November. RUNE is now trading at $5.70, with the market cap testing $1.9 billion and the price itself apparently gunning for a new yearly high, putting RUNE back on the map in a big way.

RUNE is currently up 399% on the year, a major gain for a coin with such a large market cap to begin with, and from looking at the charts, the bull run could be far from over. Thorchain is used to facilitate asset swaps between different blockchains that would otherwise be incompatible, such as Ethereum and Bitcoin, a function that may come to play a major role in the emerging world of Web3.

Altcoin Season

Of course, it's too early to say whether altcoin season is truly back in full swing or not, but if the latest crypto market activity is anything to go by, investors are certainly brushing the cobwebs off their hardware wallets and getting back in on the action.

Trading volume has seriously increased this month, as has mainstream media coverage as retail traders and financial institutions alike all re-enter the fold and impact crypto prices once more.