Shiba Inu and XRP Are Skyrocketing—But These 3 Under-the-Radar Gems Are Delivering Even Bigger Gains!

As a seasoned crypto investor with over a decade of experience in this wild and unpredictable market, I’ve learned to always keep my eyes open for hidden gems that often go unnoticed by the masses. The past seven days have been a testament to this lesson, as I found myself reaping substantial gains from tokens like Hedera (HBAR), Hyperliquid (HYPE), and dYdX (DYDX).

Between December 2nd and December 8th, the XRP price showed a strong performance, increasing by 7.69% from $2.34 to $2.52. In comparison, Shiba Inu remained relatively stable during this period, with a minimal increase of less than one percent. While these returns are acceptable, anyone seeking the best crypto investment opportunities would have made substantial gains on Hedera (HBAR), Hyperliquid (HYPE) and dYdX (DYDX) over the same timeframe. Here’s why…

Token: Hedera (HBAR)
Category: Mega Cap (Market Cap > US$10 Billion)

  • Current Price: US$0.295507
  • 7-Day Performance: Up ~71.95%

Among the Top 50 assets, HBAR (Hedera Hashgraph’s native token) stood out as a top performer. This digital currency is associated with the Hedera Hashgraph blockchain, which boasts third-generation distributed public ledger technology. Similar to IOTA and Nano, Hashgraph employs Directed Acyclic Graph (DAG) technology. In DAG networks, participants themselves act as nodes, executing transactions directly.

HBAR is another asset that has had a momentous post-Trump win month. The asset is up ~547% in the last 30 days –  gains that  appear to have been driven by rumors that President-elect Donald Trump would appoint Hedera board member Brian Brooks as the next chairman of the Securities and Exchange Commission (SEC). Ultimately this didn’t happen with Trump opting for Paul Atkins instead. Nonetheless, the Hedera price surge is a great illustration of how intertwined politics and crypto are now in the US – for better, or for worse (better in this case!). 

Token: Hyperliquid (HYPE)
Category: Large Cap (Market Cap between US$2 Billion – US$10 Billion)

  • Current Price: US$13.36
  • 7-Day Performance: Up ~58.99%

Hyperliquid is a Decentralized Cryptocurrency Exchange (DEX) that specializes in trading both spot crypto and derivatives. It operates on its custom-designed layer-1 network, mirroring the seamless orderbook experience of centralized exchanges. Launched in February 2023, Hyperliquid quickly gained popularity and filled a significant market niche. Today, it stands as one of the leading perpetual DEXs in the industry, with a TVL (Total Value Locked) of approximately $1.58 billion. The platform consistently handles daily derivatives trading volumes exceeding $1 billion.

On November 29th, the Hyperliquid token was distributed as an airdrop to initial users and community participants. This airdrop turned out to be one of the largest in history, with 31% of the total 1 billion tokens being given away. In just under two weeks, these tokens and their associated ticker symbol HYPE have amassed a market capitalization of approximately $4.7 billion. The HYPE token serves dual purposes: it’s used to cover gas fees in transactions on the Hyperliquid network and functions as a staking asset for its Proof-of-Stake consensus mechanism.

Token: dYdX (DYDX)
Medium Cap (Market Cap between US$500 Million – US$2 Billion)

  • Current Price: US$2.15
  • 7-Day Performance: Up ~50.64%

dYdX is a decentralized exchange on the Ethereum network that provides spot, perpetual, and futures trading with margin options. This platform, established by ex-Coinbase employee Antonio Juliano, is recognized for its quick settlement times and affordable transaction costs, which are made possible through a layer-2 solution based on zero-knowledge proofs.

The performance of this platform has been significantly enhanced thanks to smart investments and rising user interest, making it a strong contender in the Decentralized Finance (DeFi) industry.

Conclusion

Over the past week, XRP experienced a commendable increase of 7.69%, while Shiba Inu remained stable. However, the significant movements occurred elsewhere, with Hedera (HBAR), Hyperliquid (HYPE), and dYdX (DYDX) offering remarkable gains for those willing to delve deeper. These lesser-known cryptocurrencies surpassed expectations through advanced technology, widespread adoption, and rapid expansion – demonstrating that not every opportunity makes the headlines.

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2024-12-10 06:14