A generally followed cryptos strategy believes that several basic factors conspire to send the Layer-1 protocol hyperliquid (Hype) to much higher values.
Pseudonymous Analyst Flood tells his 255,500 followers on the social media platform X that he is a hike on the decentralized exchange even after the hype printed a new highest time of $ 39.68 yesterday.
According to the analyst, the hype is “still cheap” when you take into account the platform’s growth course in the decentralized exchange space.
“Why do you still get paid for buying hype at $ 39:
-The masses of norms that can’t buy, these people can’t find out how to get on the chain
-Spot that is not listed in any Tier-One exchange
— To claim that token is expensive here is not pricing in any growth, while hyperliquid has grown open interest in two figures
– $ 770,000,000 currently revenue of repurchases (Market Buys)
-The exchanges are the most profitable companies in the entire crypto world, you get exposure to the fastest growing
– No unlocks from private market investors, no earning bags and no loved ones
– Most important of all, building codes, if you are a developer who builds a product that wants to interact with Perp trading, there is only one place to build on and it is Hyperliquid.
Still cheap, mine takes profit levels to $ 40 billion circulating. Not completely diluted valuation.
$ 100 also psychological level to be aware of. “
HYPE has a market value of $ 12,402 billion, indicating a 222% upward potential if the Layer-1 platform hits flood level.
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