Quoted By:
The reason I was bullish on $HYPE yesterday was because of:
<
1) It is distinctly priced compared to the $BTC chart. $ETH, $SOL, and other tokens are almost tied to the performance of bitcoin.
If bitcoin is rallying, so is everything else.
$HYPE is it's own individual asset, it behaves different based on the attention to the parent tech (the DEX crypto leverage exchange)
<
2) IT broke out of a downward canal movement whilst BTC was consolidating. Generally a bullish thing, even if it's starts going sideways.
<
3) I like the tech. Apparently hyperliquid is STILL the best dex leverage exchange to trade crypto on.
HYPE FUNDAMENTALS
HYPE is a reward to traders who trade on the hyperliquid exchange. It can also be bought and sold, obviously. This already implies there is a substantial amount of holders who want to cash in on their rewards when HYPE is expensive. It is it's OWN token and isn't AS (keyword here, it will still respond to overall market interest) tethered to BTC.
<
This makes it valuable in the fact that there will always be people holding / earning this token. It is just another crypto token however. So if BTC dies, HYPE will likely go with it.
IF btc does infact start to slowly bleed out to lower levels, HYPE could potentially fuel an entire alt season from just xitter jeet niggas showing interest outside of solana based tokens.
<
Overall, good tech! Could actually provide significant value to the crypto community, outside of profiting from trading the actual token itself.
!---DISCLAIMER--—!
NOthing I said can explain the sudden rally. I REFUSE to back into the favella of crypto twitter to try and find out why it's pumping, so DYOR before trading.
The token is cheap, that is not a good reason to buy some
