A generally followed crypto strategist thinks that various fundamental factors are consistent to send the Layer-1 protocol hypliquid (hype) to much higher valuations.
Pseudonym Flood tells his 255,500 followers on the social media platform X that he is Bullish about the decentralized exchange, even after Hype has printed a new high point of $ 39.68 yesterday.
According to the analyst, the hype is “still cheap” when you take into account the growing process of the platform in the decentralized exchange room.
“Why are you still paid when buying hype for $ 39:
-Many standards that cannot buy, these people cannot find out how to get on-chain
-Spot not mentioned in a tier-one exchange
-The claiming of token is expensive, here is no prices in growth, while hyperliquid has grown in the open interest double-digit percentage week-over-week
– $ 770,000,000 with the current income of Back purchase (market purchases)
-Exchanges are the most profitable companies in the entire crypto world, you get exposure to the fastest growing
– No unlocks of private market investors, no fortress bags and no sweethearts
– The most important construction codes, if you are a developer who builds a product that wants to communicate with Perphandel, there is only one location to build and that is hyperliquid.
Still cheap, my profit levels circulate at $ 40 billion. Not completely diluted appreciation.
$ 100 also psychological level to be aware. “
Hype has a market capitalization of $ 12.402 billion, which indicates an upward potential of 222% when the Layer-1 platform reaches the profit level of the flood.
At the time of writing, hype is worth $ 37.07.
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Generated image: midjourney