The native token hype from Hyperliquid steals the spotlights. With a double -digit meeting this week, three powerful drivers are feeding his bullish momentum.
Summary
- The Hype price has risen considerably in recent days, making it one of the best executors in the crypto market this week.
- Paxos, Frax Finance, Agora, Ethena and Sky compete to publish Hyperliquid’s USDH, causing excitement to pop up in Defi.
- Bitgo added HyperevM support, while Lion Group shifted $ 600 million in the hype at all-time highlights.
- There are rumors about a vaneck hype spot strike and European ETP that could increase optimism for institutional access.
Hyperliquid has become one of the best crypto -gain this week, climbing 23% and surpasses many rivals in a market that still recovers from volatility. The increase in token is powered by a mix of ecosystem developments, whale activity and speculation around institutional products.
Royal Battle to USDH Stablecoin Fuel Hype Price
One of the greatest stories about hyperliquid (hype) is the continuous battle About who will launch USDH, the native stablecoin of the ecosystem. Different heavyweight emitting, including Paxos, Ethena Labs, Sky, Frax Finance, Agora and others have submitted competitive proposals to serve as an official issue.
Paxos recently updated its pitch with a controversial partnership with PayPal, with incentives such as hype-token entries, free USDH on/off-roots and $ 20 million in ecosystem rewards.
Competitors such as Sky have prevented models for sharing income and promises of neutrality, while others like Ethena have fallen out of the race. The attention about USDH has added legitimacy and the long -term growth potential to the hyperliquis ecosystem, which increases the demand for his native token.
Hype -Token gets rising whale activity and institutional importance
Another factor that feeds the rally of the hype is the increase in whale accumulation and institutional participation. At the end of August, Bitgo announced support for HyperevM, the chain that feeds hyperliquid, giving qualified customers access to its custody solutions. This development expanded the reach of the project to larger players who were looking for a conforming infrastructure.
In addition, Lion Group Holding took the headlines from Sol and SUI in the hype again, referring to the efficient trade infrastructure and liquidity depth of the platform. These move indicate that the growing trust of institutions and whales.
Rumors about a hype ETF
In the meantime, there is increasing speculation around a vaneck hype spot strike ETF that the market has stimulated further. Reports suggest that the asset manager is preparing to submit approval in the US and at the same time plan a European-listed exchange-related product (ETP).
If it is successful, the ETF would give exposure to hype exposure while he would lead part of the profit to Hype -Tokkoop in the Hype -Token, which stimulates the question. Such a product would also mark a hype like the youngest token to secure an ETF application, making the rapid increase in regular attention. The rumors have strengthened sentiment, with traders in the possibility of a new wave of institutional access and liquidity for hype.
Hype token Technical analysis
At the time of the press, Hype acts $ 55.80, per market data of crypto.news. The Native has expanded its rally from the $ 47.00 support zone. The relative strength index (RSI) is at 67.64, close to Overbought levels, which suggests that buyers have control, but short-term cooling is possible. MacD remains bullish, with broadening histogram stations that confirm a strong momentum.
The disadvantage is that support is $ 52.00 and $ 47.00, while the next resistance is between $ 58 – $ 60. A decisive outbreak could pave the way to $ 65- $ 70, although taking profit at the current level remains a risk.
Although pullbacks are possible in the short term, the Fundamentals of Hype and the growing institutional story continue to stimulate his Bullish Momentum.
