The Hyperliquid price has dipped by 5% in the past hour, with its jump to $33.84 coming as the crypto market’s total cap slips to $3.054 trillion.
While crypto prices as a whole continue to struggle (despite rising stock markets), Hyperliquid has fared much better than other major coins recently, posting an impressive 50% gain in a week, as well as a 42% increase in a year.
This has followed from the steady growth of Hyperliquid as a layer-one network, with its total value locked rising to $1.5 billion on the back of tokenization adoption.
It has also benefitted from the news yesterday that Coinbase has added it to its listings roadmap, something which could boost its market considerably over the coming months.
And with it having much better momentum that coins such as BTC, ETH, BNB and XRP, it could continue to outperform for a while yet, making for a hugely positive Hyperliquid price prediction.
Hyperliquid Price Prediction: HYPE Just Blew Past XRP and BNB – Is This the Altcoin That Flips Solana Next?
As we can see from the Hyperliquid price chart below, HYPE broke out of a medium-term trading range a couple of weeks ago.
However, it may be very close to correcting, given that its technical indicators are in overbought position.
For example, its relative strength index (yellow) reached 70 a couple of days, but now looks as though it’s on its way down.
We also see that HYPE’s MACD (orange, blue) has reached its highest level since late October, another sign of overbuying.
On the other hand, we can also see that neither indicator is as high as it was back in September, when the Hyperliquid price reached an all-time high of $59.30.
As such, we could see HYPE rally even further, especially when traders had heavily oversold it between October and the end of January.
It has the momentum to reach $40 in the next few weeks, while it could break the $60 barrier in Q2, before topping $70 soon after.
SUBBD Is About to Revolutionize Content Creation: How to Buy Early
If some traders are concerned that HYPE may be close to peaking, they may prefer to diversify into newer tokens, which can show the potential for above-average returns.
One of the more interesting new coins coming to the market soon is SUBBD ($SUBBD), an Ethereum-based token that has now raised over $1.46 million in its ongoin presale.
This is an encouraging figure for a new project, and what’s most bullish about SUBBD is that it’s launching an adult content creation that will provide users with hugely productive AI tools.
Its AI features can help creators generate ideas, images, videos and also performers, enabling them to release content at a much faster rate than ever before.
What’s also exciting about SUBBD is that it has already amassed over 38,000 followers on X, a sign of its burgeoning community.
Investors can join the SUBBD presale by visiting its official website, where the coin currently sells for $0.057485.
Visit the Official SUBBD Website Here
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