HYPE Blows Past XRP & BNB – Is This Altcoin Next To Flip Solana?
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Simon Chandler
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The price of Hyperliquid fell 5% in the last hour, jumping to $33.84 as the total value of the crypto market fell to $3.054 trillion.
While crypto prices generally continue to struggle (despite rising stock markets), HyperLiquid has fared far better than other major coins recently, posting an impressive 50% gain in the week, as well as a 42% gain in the year.
This was followed by the steady growth of Hyperliquid as a layer-one network, whose total value rose to $1.5 billion on the back of tokenization adoption.
It also benefited from yesterday's news that Coinbase had added it to its listing roadmap, which could boost the market significantly in the coming months.
And coins like BTC, ETH, BNB, and XRP may continue to outperform for some time while having much better momentum, which is an extremely positive Hyperliquid price forecast.
High Liquidity Price Prediction: HYPE Blows Past XRP & BNB – Is This Altcoin To Flip Solana?
As we can see from the Hyperliquid price chart below, the HYPE has come out of mid-term trading a few weeks ago.
However, his technical indicators are overbought and may be very close to correction.
For example, the relative strength index (yellow) reached 70 for a few days, but now it seems to be going down.
We also see that HYPE's MACD (orange, blue) has reached its highest level since late October, another sign of overbought.
On the other hand, we see that none of the indicators is as high as it was in September, when the price of Hyperliquid reached a high level of $59.30.
As such, we could see more of a HYPE rally, especially when traders sold it heavily between October and late January.
It has momentum to reach $40 in the next few weeks, but it may break the $60 barrier in Q2 shortly before hitting $70.
SUBBD is going to customize content creation: how to pre-order
If some traders are concerned that the HYPE may be nearing its peak, they prefer to convert to newer tokens that show higher-than-average return potential.
One of the most exciting new coins to hit the market soon is SUBBD ($SUBBD), an Ethereum-based token that has raised over $1.46 million in its ongoing presale.
That's an encouraging number for a new project, and what's really exciting about SUBBD is that it's starting to create expert content that provides users with extremely productive AI tools.
Its AI features help creators generate ideas, images, videos and even renders, allowing them to release content faster than ever before.
The most exciting thing about SUBBD is that it already has more than 38,000 followers on X, which is a sign of the growth of the community.
Investors can join the SUBBD presale by visiting the official website where the coin price is currently trading at $0.057485.
Visit the official SUBBD website here
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