Hyperliquid Crypto May Be Flying Under Your Radar
Because there are so many cryptocurrency tokens, some of them can easily be missed by investors looking for the next great investment. Hyperliquid (HYPE) is one of those.
This is the 21st highest ranked crypto token, but it does not get the kind of headlines that Dogecoin, Bitcoin, and Ethereum do. Yet, this is a token that has managed to gain 650% since it launched in November of this year. That is impressive for a new entry to the crypto market, and for the coin to be able to rank so high so fast could mean good things for its future as an investment opportunity.
The Upcoming Pump
It looks like the crypto market is headed to another bullish period when Donald Trump takes the presidential office and then starts to enact new cryptocurrency policies. Most analysts expect the market to jump during this period and then stay elevated. We did see the crypto market climb after Trump’s election win, and it has stayed elevated since then, though it did lose some of those gains in recent weeks.
It should be noted that Bitcoin was selling at $67K before the election and then jumped to $108K in the weeks following. It fell to its current level of $93K, but that is still a massive gain from where it was. It had its bump and then went into a slump, and still came out ahead.
We expect something similar to happen in January of 2025, and Hyperliquid could benefit from that as well. This is not a simple memecoin that has no utility. It is doing so well in part because it offers two products- spot trading and perpetual futures. These allow it to retain value even when online hype has died down, since it retains usefulness outside of its popularity. When the next bull run starts, Hyperliquid could shoot up, which is why we are drawing investor attention to it now.
Investors Take Caution
We do want to advise investors that Hyperliquid is a new and untested cryptocurrency. We cannot predict how long it will stay viable, and while it does not look to be doing a rug pull like we saw with the $HAWK coin recently, it could lose its value very quickly as interest wanes.
Many cryptocurrency coins tend to be fads that shoot up quickly and then die out just as fast. Hyperliquid is still able to do that, and investors need to be careful about putting all of their assets into this new coin so soon after its launch. Even if the cryptocurrency market does very well in January, there is no guarantee that Hyperliquid will remain a top contender on the market charts.
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