Is HYPE’s Current Momentum Enough to Flip Cardano (ADA) for the 10th Spot?
The post Is HYPE’s Current Momentum Enough to Flip Cardano (ADA) for the 10th Spot? appeared on BitcoinEthereumNews.com. Significant whale activity, including a $29.85M leveraged long bet on Bitcoin and $19.43M in new HYPE-focused deposits, underscores increased institutional confidence. Technical indicators, such as the RSI at 73.51 signaling overbought conditions and a bullish MACD crossover, point to a strong uptrend. HYPE, the native cryptocurrency of decentralized trading protocol Hyperliquid, is once again in the limelight with 15% weekly gains and a new all-time high of $43 earlier today. The altcoin is now eyeing a spot in the top ten crypto list while preparing to unseat Cardano (ADA), as reported by CNF earlier. The daily trading volume for Hyperliquid (HYPE) has reached nearly $500 million, showing strong traders interest. The decentralized exchange (DEX) has gained much fame for swiftly handling multi-million dollar leverage trades and perpetual crypto futures such as James Wynn’s popular $1 billion Bitcoin bet, as mentioned in our previous news story. As a result of this, the DEX’s revenue has shot up significantly, even overtaking the likes of giants like Ethereum and Solana. Amid its robust performance, some market players believe that Hyperliquid is giving tough competition to established market players like Binance. Interestingly, Hyperliquid is getting support from former BitMEX CEO Arthur Hayes, who’s previously projected the HYPE price to hit $100 in the future. In his recent message on the X platform, Hayes speculated whether HYPE perpetual futures trading volumes could surpass those of Binance during the ongoing bull cycle. “$HYPE is melting the faces of shorts. Do you believe yet?” Hayes remarked. Hyperliquid Whale Activity Continues to Be on the Rise With crypto trader James Wynn popularizing leveraged long bets on Hyperliquid, other players have also joined the fray. In a bold move, a newly active crypto wallet has made waves by pulling $19.85 million in USDC from Bybit to place a 20x…
The post Is HYPE’s Current Momentum Enough to Flip Cardano (ADA) for the 10th Spot? appeared on BitcoinEthereumNews.com.
Significant whale activity, including a $29.85M leveraged long bet on Bitcoin and $19.43M in new HYPE-focused deposits, underscores increased institutional confidence. Technical indicators, such as the RSI at 73.51 signaling overbought conditions and a bullish MACD crossover, point to a strong uptrend. HYPE, the native cryptocurrency of decentralized trading protocol Hyperliquid, is once again in the limelight with 15% weekly gains and a new all-time high of $43 earlier today. The altcoin is now eyeing a spot in the top ten crypto list while preparing to unseat Cardano (ADA), as reported by CNF earlier. The daily trading volume for Hyperliquid (HYPE) has reached nearly $500 million, showing strong traders interest. The decentralized exchange (DEX) has gained much fame for swiftly handling multi-million dollar leverage trades and perpetual crypto futures such as James Wynn’s popular $1 billion Bitcoin bet, as mentioned in our previous news story. As a result of this, the DEX’s revenue has shot up significantly, even overtaking the likes of giants like Ethereum and Solana. Amid its robust performance, some market players believe that Hyperliquid is giving tough competition to established market players like Binance. Interestingly, Hyperliquid is getting support from former BitMEX CEO Arthur Hayes, who’s previously projected the HYPE price to hit $100 in the future. In his recent message on the X platform, Hayes speculated whether HYPE perpetual futures trading volumes could surpass those of Binance during the ongoing bull cycle. “$HYPE is melting the faces of shorts. Do you believe yet?” Hayes remarked. Hyperliquid Whale Activity Continues to Be on the Rise With crypto trader James Wynn popularizing leveraged long bets on Hyperliquid, other players have also joined the fray. In a bold move, a newly active crypto wallet has made waves by pulling $19.85 million in USDC from Bybit to place a 20x…
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