Hyperliquid has finally secured its place in the sun with its first Tier 1 exchange listing on Bybit. This prestigious listing, scheduled for July 11, is a significant milestone that brings the cryptocurrency into the limelight, offering retail traders the visibility and access they’ve been eagerly awaiting. It’s a clear sign that Hyperliquid is no longer a niche player but a rising star in the crypto firmament. 🌟
This bold statement has been gleefully shared across social media and crypto forums, with some even using it as a reason to buy and hold XRP. But, dear reader, let us delve into the murky depths of truth and uncover the reality behind this tantalizing claim.
In a delightful missive penned by the illustrious Sophia Gold, a tech sorceress from the Ethereum Foundation’s (EF) protocol support team, a path emerges—one that dances toward replacing the tedious old block execution with the enchanting zero-knowledge proofs (ZK-proofs). Picture this: instead of forlorn validators energetically re-enacting the validation process for every transaction like a merry band of overenthusiastic thespians, they’ll merely scrutinize tiny cryptographic receipts that whisper sweet nothings about accuracy. 💌
In his one-hour sitting on the digital throne, Kevin pointed to a textbook double-bottom that materialized just at the sweet intersection of the 200-week simple and exponential moving averages—precisely where Fibonacci must have been sipping cocktails on the beach in 2023–2025. He exclaimed that entering this magical zone could lead to “phenomenal” risk-reward scenarios. Risk-averse folks, gather your courage—the only thing hanging by a thread is your stop-loss just below the cluster! 😱
Ah, but who leads this merry dance of financial exuberance? None other than the illustrious BlackRock and the ever-dashing Fidelity, with the IBIT gallantly garnering $448 million and Wise Origin tiptoeing behind at a respectable $324 million, courtesy of the astute Farside Investors! All this pomp as Bitcoin pirouettes past $118,000, refusing to take a bow even as Friday approaches. Isn’t it simply fabulous? 🕺
But—and here’s where it gets interesting—there’s a catch. As always, there’s a catch. Despite all the good vibes and bullish sentiment, two key on-chain signals are waving red flags, suggesting that a pullback might be just around the corner. Get ready, folks!
Now, I know what you’re thinkin’, “Stablecoins? Ain’t they just a bunch of hooey?” But no sirree, they’re gettin’ mighty popular in the cryptocurrency world, and financial institutions are scramblin’ to get in on the action 🏃♀️. Agora’s one of ’em, and with this $50 million windfall, they’re fixin’ to build a full-stack stablecoin platform that’s “purpose-built to support the next generation of digital finance applications.”
Lo! The Pi Coin hath surged forth from the hallowed ground of the $0.44 support zone, reclaiming the modest sum of $0.47 and even daring to engage with the fleeting $0.52 mark. Ah, but alas! The 30-day Simple Moving Average, perched at $0.53, now serves as a formidable barrier to further jubilations.
Against this backdrop, crypto analysts are already pivoting to altcoins, with some tokens overlapping among traders’ lists. It’s like a high school dance where everyone’s suddenly interested in the kid who’s been practicing their moves in the mirror.
Here’s what’s giving him that confidence.
