Cryptocurrencies are starting another nightmare day because the new US inflation report will be published in hours. Additionally, volatility will increase on Friday due to the Japanese interest rate decision. Then the holiday week will begin and we will see 2 significant negative developments cover crypto by the 15th of January. So investors have many valid reasons for further declines. So what are the predictions for HYPE Coin?
HYPE Coin and New Generation DEX
For long term investors Hyperliquid (HYPE) It is a very popular alternative because it is the leader in the new generation DEX field with Aster. FTX crash Then, we said that DeFi interest would increase exponentially in the new bull season, but they needed to do something about user experience. While we are talking about this at the end of 2022, the ones who achieved this today were DeFi platforms such as Hyperliquid and Aster, which “look like a centralized exchange”.
Old DeFi their platforms were too complex, especially for new investors. This problem, which was overcome with new generation platforms, allowed even investors who were introduced to cryptocurrencies for the first time to use decentralized finance. They attracted great attention, especially in futures transactions, and investors loved trading like CEX on decentralized platforms with wallets where they had full control.
For all these reasons, Hyperliquid may be in our lives for a long time. Or, more advanced new generation DEX platforms are born and Hyperliquid and Aster lose their popularity because they lag behind. However, CZ’s open support for Aster tells us that these two will not meet such strong rivals in the medium term. In summary, although short-term and medium-term investor sentiment in cryptocurrencies is variable, HYPE Coin may do well in the long term. People who competed just a few months ago to buy HYPE Coin above $35 are now finding opportunities to buy at lower prices, but fear is tying their hands.
HYPE Coin Investment Strategy
Analyst with the pseudonym Altcoin Sherpa to HYPE Coin It helps those who are interested but looking for a different perspective on HYPE on the technical analysis front. Sherpa mentioned that he was considering two transactions today. Even though he is an experienced trader, he does not have a magic ball that shows the future, and instead of copying his strategies, you should only examine his perspective on the market and try to analyze the current situation from a broader perspective.
Sherpa explains the two ways as follows;
- First Path: Long-term move in this zone around $27-28. This region bottoms out and of BTC I want it to gain stability. It was still a pretty counterproductive move today, and I think we’ll recover soon.
- Path Two: A larger swing around $23-$20. There is a lot of liquidation in this area and I am not sure if we will reach these levels, but the market may still try to target these levels. I still view HyperLiquid as the best crypto project overall and one I’d like to buy.
The analyst, who is not confident about whether the bottom levels will be reached immediately, believes that this is Bitcoin. 
$87,270.31He says it will become clear depending on the performance of .
“Bottoms take a long time to form, and the last one took a relatively few weeks (it went back to $9). There will probably be some weird price moves when Lighter has a TGE, because they will be similar in some ways. Overall, I’ll keep an eye on it.” – Sherpa
