On a day when fluctuations in the cryptocurrency market continue unabated, two strong altcoins stand out on investors’ radar: Hyperliquid (HYPE) and Mantle (MNT). While price movements in the last 24 hours point to remarkable graphics in both assets, behind-the-scenes developments shape medium and long-term expectations. While DeFi-focused Hyperliquid stands out with its high transaction volume and ecosystem growth, Layer-2 solution Mantle draws attention with its corporate interest and integration steps.
Hyperliquid (HYPE): The Shining Star of DeFi
As in the last few weeks in the crypto market, Hyperliquid (HYPE) has been at the center of investor attention in the last 24 hours. HYPE is down approximately 9% in the last 24 hours, trading at around $26.4. The popular altcoin’s rapid downward move seems to have occurred in tandem with the overall movement in the market. According to CoinMarketCap data, HYPE ranks 13th in the crypto market with a market value of around $ 8.9 billion.
In the last 24-hour chart, the HYPE price moved in the range of approximately $26.4 and $29.5. Although daily volume remains high, a significant downward decline may have unsettled investors along with the overall market.
When we look at the cryptocurrency market in general, a downward trend has negatively affected HYP, like all altcoins. However, upcoming key support levels and token lock openings also have an impact on HYPE.
In addition, among the prominent developments this week, the unlock event of 1.75 million HYPE tokens in the Hyperliquid ecosystem affected transaction volumes and liquidity dynamics. Such token unlocks may create periodic selling pressure, but the majority of tokens are still locked or re-stakeed. Additionally, despite the short-term stagnation in the broader market, HYPE’s long-term story is supported by growth in the DeFi usage base.
Looking ahead, the upside potential for HYPE in terms of technical levels depends on breaking critical resistance levels. Investor comments emphasize that volatility may increase in the short term and trend reversals will only become clearer when there are breaks at these levels.
Mantle (MNT): Stability and Institutional Interest in the Layer-2 Ecosystem
In the last few hours, Mantle (MNT) token has been trading in the market between approximately $1.26 and $1.29, while HYPE appears to be trending sideways. CoinMarketCap data shows that MNT ranks 25th in the cryptocurrency rankings with a market cap of approximately $4.1 billion.
On the other hand, price movements in the last 24 hours reveal that MNT fluctuates between $1,216 and $1,303. This shows that a strong directional movement has not yet occurred in the short term. However, developments in the Mantle ecosystem include concrete steps to increase investor confidence.
A highlight was the integration of Aave into the Mantle network and the establishment of a liquidity bridge through Bybit, resulting in the expansion of the DeFi user base.
Future expectations for MNT are shaped by the increase in DeFi liquidity and the expansion of the institutional investor profile. Analysts evaluate that MNT has the potential for a more stable rise in the medium-long term in an environment supported by technical data and integration events. However, the current market consolidation also carries short-term uncertainty.
