A popular analyst thinks that one top-30 altcoin may be among the best-performing digital assets in the near term as the crypto markets chop around. The pseudonymous analyst known as Altcoin Sherpa tells his 242,900 followers on the social media platform X that he is leaning bullish on the utility token of the decentralized open […]
The post Hyperliquid (HYPE) Among Top Three Best Plays in Crypto Market Right Now, According to Analyst appeared first on The Daily Hodl.
A crypto strategist known for making timely altcoin calls believes that the top meme token Dogecoin (DOGE) is gearing up for a breakout surge. Pseudonymous analyst Bluntz tells his 316,700 followers on the social media platform X that DOGE appears to be carving a local bottom en route for a bullish reversal. The trader shares […]
The post Trader Predicts Dogecoin Breakout Rally, Warns Bulls To Be ‘Hyperliquidated’ by Layer-1 Altcoin appeared first on The Daily Hodl.
On Jan. 20, 2025, Hyperliquid, a decentralized perpetual exchange powered by a custom-engineered, high-performance layer one (L1) blockchain, revealed it had reached a series of unprecedented milestones in trading volume. Within the past 24 hours alone, the platform reported facilitating an impressive $21 billion in volume. Hyperliquid Shatters Records: $21B in 24-Hour Trading Volume and […]
A widely followed analyst and trader is leaning bullish on a top-30 altcoin by market cap while outlining the path forward for three other crypto assets. The analyst pseudonymously known as Sherpa tells his 239,700 followers on the social media platform X that the utility token of the decentralized open financial system, Hyperliquid (HYPE), is […]
The post Trader Says One Large-Cap Altcoin To Skyrocket by at Least 116%, Updates Outlook XRP, Cardano and Dogecoin appeared first on The Daily Hodl.
A widely followed cryptocurrency trader is leaning bullish on a large-cap Ethereum (ETH) challenger, believing that the altcoin is still in an uptrend. The trader pseudonymously known as Altcoin Sherpa tells his 238,400 followers on the social media platform X that Solana (SOL) is primed to go “much higher” over the coming weeks and months. […]
The post Ethereum Rival Solana To Surge Much Higher in the Coming Weeks and Months, Says Trader – But There’s a Catch appeared first on The Daily Hodl.
The layer-1 chain needs more than a successful perpetuals exchange to justify the HYPE token’s lofty valuation, according to the asset manager.
Layer-1 blockchain network Hyperliquid needs to bootstrap a robust developer community to sustain its native token’s roughly $25 billion market capitalization, asset manager VanEck said in a Jan. 6 research note.
Hyperliquid has become one of the most valuable blockchains since launching its HYPE token in a November airdrop. However, Hyperliquid’s nascent smart contract platform has “yet to attract much of a developer community,” VanEck said.
“If Hyperliquid is unable to meet the growth expectations of its community, the prisoner’s dilemma facing many newly rich $HYPE holders may quickly unravel,” VanEck said.
The stablecoin is also more widely distributed across blockchain networks.
The circulating supply of Circle’s United States dollar-backed stablecoin USDC (USDC) has risen 80% from cyclical lows as onchain activity picks up, according to data from Blockworks Research.
As of Jan. 2, USDC’s circulating supply is approaching $44 billion, nearly double the 2023 low of less than $24 billion, according to CoinGecko.
Meanwhile, holdings are more evenly distributed among blockchain networks as users migrate beyond Ethereum, Blockworks’ data analytics manager, Dan Smith, said in a Jan. 2 post on the X platform.
Widely followed trader Altcoin Sherpa says that one artificial intelligence (AI)-focused crypto asset is about to present opportunities for bulls. Altcoin Sherpa tells his 236,000 followers on the social media platform X that ZEREBRO, which bills itself as an AI system that autonomously creates and distributes content onto various platforms, may allow entries in the […]
The post Trader Warns Altcoin That’s Up 9,000%+ in Two Months Primed for a Pullback, Updates Outlook on Hyperliquid appeared first on The Daily Hodl.
According to the Hyper Foundation, the organization associated with the Hyperliquid ecosystem, users can now stake HYPE on the network. The foundation detailed that users can stake HYPE to a trusted validator and earn staking rewards in HYPE. Hyperliquid’s HYPE Staking Debuts Amid Rapid Growth Over the last few weeks, Hyperliquid, the decentralized perpetuals exchange […]
A closely followed crypto trader says he’s looking to scoop up more of a Solana (SOL)-based memecoin amid the market correction. The pseudonymous analyst known as Altcoin Sherpa tells his 236,000 followers on the social media platform X that he’s got his eye on Fartcoin (FARTCOIN), a memecoin that was created by an anonymous developer […]
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