It’s quite difficult to spot a popular cryptocurrency whose price hasn’t tumbled by 20% or even more in the last few weeks.
Hyperliquid (HYPE), though, is an evident exception, and its solid performance has caused analysts to envision further gains in the near future.
The Lone Survivor
Bitcoin (BTC) has crashed to a 14-month low of around $69,000, Ethereum (ETH) is struggling to keep the $2,000 level, while Ripple’s XRP and Solana (SOL) have plummeted by 27% in the past seven days. However, Hyperliquid (HYPE) has somehow defied the ongoing massacre and currently trades at around $32, representing a 50% increase on a two-week scale.
HYPE Price, Source: CoinGecko
Its strong performance comes amid a string of positive developments surrounding the ecosystem. Earlier this week, Ripple announced that its institutional prime brokerage platform (called Ripple Prime) enabled support for Hyperliquid. Meanwhile, Grayscale recently revealed that it was encouraged by the rise in perpetual fut
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