Hype around Hyperliquid token

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alex.shardLegendary
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#1Dec 10, 2023, 06:37 PM
I haven't come across this before. There's a coin that hit its all-time high without a lengthy bull market. Nine months back, it reached an ATH of $59 and then dropped to $20. Just a few hours ago, it peaked again at $62.5. What are your thoughts on this coin for the next bull market? Seems like hitting that ATH was kinda premature.
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HyperGweiSenior Member
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#2Dec 10, 2023, 10:04 PM
Look at the marketcap, $14B+, expectations are high,, The fundamentals of this token seem much stronger and more suitable to me than those that are heating up the market with hype. They are actually making something that trader are using regularly every day. If the onchain derivatives market continues to strengthen day by day and if they can properly implement their ecosystem expansion plan then this HYPE token has a chance to run much further in a strong bull market. My prediction is that it can go up to $75 to $100. However it would not be right to jump into the current level of FOMO after such a big spike or price increase. Whenever the market starts to go down again I may buy some and wait for a healthy pullback.
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WildBearSenior Member
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#3Dec 11, 2023, 01:42 AM
I will wait for some corrections in it. Getting in it right now is likely a FOMO. This January 2026 it fell around $20 so, if it will be a $20-$40 range for this bear market. That will be a good buy for me. But if you've got plans to DCA it, then the price doesn't matter. The demand for its exchange has been quite stable IMO.
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raven07Full Member
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#4Dec 12, 2023, 04:13 PM
This can be said to be an anomaly because the increase is outside of the bull market schedule, it is like an exception for those whose project prospects are good even in a bear market.   The fundamentals of this token cannot be underestimated, they have a very good mechanism, especially in the governance of their tokens which are consistently buying back, as innovations for their ecosystem increase and they make this Hype token have more utility, the better it should be. $100 is too high in my opinion, at most I think it can reach $80, because honestly the market is still very sluggish and people will not be excessive fomo, unless there is news that really gives a very positive sentiment.
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cold5tor4geSenior Member
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#5Dec 12, 2023, 09:22 PM
Why are you surprised when an altcoins make a sudden all time high, when you know very well how those coins can be easily pumped and dumped, so having done an all time high now that the entire crypto market is on declined shows alot about the coin, one thing you should also know is that the current declined in market is mostly affected by bitcoin some few altcoins are doing well with price currently, we shouldn’t be surprised to see the current price.
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mike42Full Member
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#6Dec 13, 2023, 01:09 AM
FOMO allowed this coin to reach its new ATH, the massive price movement started when Bitwise announced that they had $HYPE on their balance sheet, yesterday an article was also released discussing the possibility of Grayscale's address accumulating over $10M in $HYPE. These news makes people even more eager to own $HYPE, perhaps in the next few days we'll see $HYPE again making a new ATH. This high price increase is too fast, if the bull run really comes for the crypto industry, I think $HYPE will not get the attention of investors anymore.
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jake_gweiSenior Member
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#7Dec 13, 2023, 02:26 AM
Hype is a rare coin that can go up on its own. I still remember how good the rally was after they initially did TGE despite market of crypto in general looking weak. That's the advantage of strong fundamental, strong PMF and great buybacks, can you imagine 99% daily revenue and tx fee all going into buyback. So even if HYPE going up and against the market, I won't be surprised, even the coin itself have additional utilty becoming the gas token for their HyperEVM. Although there are effect of FOMO here and there as spoken by other people.
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fullnodeSenior Member
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#8Dec 13, 2023, 03:10 AM
Institutions are starting to get behind this coin with multiple ETFs being launched recently. The idea behind HIP-3, where anything that is financially speculative could be turned into a perp market was a brilliant move. Right now there is a lot of volume on the SpaceX pre-IPO market. SpaceX has not made its debut on the stock market, yet people are already able to speculate on its value. When gold and silver were pumping, Hyperliquid was one of the places people were going to for exposure to these assets. The ability to generate massive revenue, regardless of weakness in crypto markets, is what makes HYPE an attractive investment.
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byte23Member
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#9Dec 13, 2023, 04:17 AM
Only those traders who have not previously analyzed the HYPE chart at all may experience FOMO when they see the large green candles on the chart and want to enter trades. In reality, just a few months ago, when HYPE was trading around $25, the current bullish trend was already predicted, and I don’t think it will stop at reaching the previous ATH. Most likely, HYPE will also be in high demand during alt season, and by then, it will be worth significantly more than it is now.
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HyperGweiSenior Member
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#10Dec 13, 2023, 09:36 AM
When such big news spread in market it is natural that in short term there will be a lot of FOMO. And that is why today price bounce back from there and hovering around $57 to 59 I could not agree. I have been following this project since the beginning and Hyperliquid is actually building a really cool thing. A super fast on chain perp DEX where bunches of traders are regularly trades with huge volume and liquidity every day. Moreover they are now moving towards HyperEVM. This has opened up the way for their entire ecosystem to grow even bigger. And what I care about the most is that this token has a real utilit. This is not just some memecoin that will burst when the air runs out
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wildomegaFull Member
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#11Dec 14, 2023, 03:47 AM
I think if this coin makes massive highs then I'll be more watchful on Hypurr instead considering it got room for more money to be made rather than HYPE token itself. Well, unless you really are a whale holder but this is just for those who might want some piece of the HYPE token's success. The PURR token is still recognizable for the community and I think that one will have it's own trajectory once HYPE make ATHs.
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SilentGuruSenior Member
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#12Dec 14, 2023, 06:41 AM
Hype went from just a perpetual dex token to a native coin for an entire ecosystem. You should value it at the level of other popular L1 blockchain, so it makes sense. I think the founder realized they could grow the token even further if they make it look like a full fledged L1 native coin by introducing framework to allow people to create their own perp through HIP-3.
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alex.shardLegendary
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#13Dec 14, 2023, 10:57 PM
Hype is not getting affected as bitcoin is falling recently, making the monthly candle turned red few hours ago, Hype bottomed at $54 after it got to all time high. But since that time, bitcoin fell but hype did not fall but began to rise again. Its price is presently at $56. People are still going it, it will later become normal, but it is a good coin for now.
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cobr4404Full Member
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#14Dec 15, 2023, 02:35 AM
I can't think of any, but looking at the top 50 in terms of market cap, HYPE is the only token that didn't went down when everything is going down. I mean Bitcoin went down from $126,000 to around $59,000. We haven't seen a correction that huge from HYPE token itself. Well, the token went as high as $35 to as low as around $9, but look at the price now. It pumped even higher than other altcoins out there in terms of percentage. As for the token itself, I see HYPE as the "BNB of DEX". It's the first token that became popular when it comes to Perp DEX, and if you're the OG, lots of capital are being poured towards the project same with BNB back when it's becoming the most popular CEX. The future of the token is bright IMO, and I will not be surprised if in the bull run, it will reach $100 or even $150. This is one of the tokens that I'm looking to put my money with, but I can't find a right time to buy. I might need to wait for a bit of a correction - that is if it will make a correction.
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mike42Full Member
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#15Dec 15, 2023, 08:22 AM
Is that true? If so, why did the upward price trend occur right after the news I mentioned in the previous post? If a price movement occurs after news (good news or bad news), it's almost certainly close to FOMO. Then, about altseason, there's one tendency I've noticed among coins or tokens that have already seen their prices rise. When altseason occurs, investors are more confident in projects that haven't yet got attention.
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d3f1_2015Full Member
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#16Dec 15, 2023, 08:28 AM
Looks that it isn't affected yet with the plummet that Bitcoin is experiencing. As of today, it's now back to its ATH of $58 and I'm sure that the holders of it are celebrating. We're even in the bear market but I've noticed this into other altcoins before that when they do well on the bear market, it's only a matter of time that they'll start to correct. So those who owns HYPE and haven't sold yet, if you're for the long term it's okay to hold but if you don't want to miss its highs, take time to decide if it's the right time to sell or not.
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raven1337Hero Member
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#17Dec 15, 2023, 02:12 PM
All of eyes are eyeing for Hype rn. 1. More whales sacking hype. 2. More money inflow to the hype etf 3. Hype's team is planning to expanding its service to US. So it's enough reason to see why Hype is still going bullish, though Bitcoin was dumping last days. So many people are being driven to buy Hype. Even a whale in my country has 100m USD worth hype.
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ryanprotoMember
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#18Dec 15, 2023, 06:48 PM
If anyone want to jump on any coin, they should just check other coins that use to be everyones favorite back then. There used to be a time when Solana was the most argued coin that institutional investors like and value but today, it seems there is alternative. There is already noises build up around hype and it's making everyone running after it and I can't see anything so special about it, another perpetual Dex exchange for people to make profit and forget later. I was only interested in how they airdrop to their community back then, they value their users but if anyone tells you that hype is this and that, remember there used to be those coins people value much more and they are forgetten. There is nothing anyone will tell me that will see any altcoin superior, it's just it's time to enjoy the hype like they call it and will settle down after some months.
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