Hyperliquid: A Crypto with a Pulse

Early in the year, Hyperliquid seemed poised to be the breakout crypto of 2024. It began at $24.12, a perfectly respectable sum, and briefly soared to $59.30 in September. A bit exuberant, perhaps, but then again, exuberance is something of a hallmark of the crypto world. Unfortunately, much of that initial momentum evaporated by December. It has since clawed back some ground, and as of late January, it was up over 50% in a week, trading around $33.43. A respectable recovery, though it leaves it still some distance from its peak. Whether this constitutes a fading star or a buying opportunity is, as always, the million-dollar question. Or, in this case, the roughly $33 question.








