Hype Token Price has become a hot topic in the cryptocurrency world. The native token of the Hyperliquid ecosystem, HYPE, has captured investors’ attention with its recent market performance.
As of December 24, 2024, HYPE is trading at $26.73, with a market cap of over $8 billion.
HYPE’s price has seen ups and downs recently. It reached an all-time high of $35.01 but has since dropped by about 23%.
This volatility is typical for new cryptocurrencies. The token’s total supply is set at 1 billion, with about 330 million currently in circulation.
Investors are watching HYPE closely due to its role in the Hyperliquid ecosystem. The token is meant to boost liquidity, help with governance, and create incentives for users.
As more people learn about and use Hyperliquid’s services, the demand for HYPE tokens may change.
Crypto Airdrop Event is LIVE: On January 2025 – Claim Guide:
🌟 Step 1: Access the Official Airdrop Portal
Begin your claim by navigating to the official Airdrop Rewards Page. This is your gateway to all active airdrop events. Simply log in by connecting your wallet directly from your mobile device for seamless access.
📲 Step 2: Use Your Mobile Wallet for Verification
Participation is mobile-exclusive! Make sure to access the portal using your smartphone and a compatible mobile wallet. This step ensures you can complete the eligibility check and join the event hassle-free.
✨ Step 3: Check Your Wallet Eligibility
Ensure your wallet is active and meets the requirements—empty or newly created wallets won’t qualify. Don’t worry if one wallet doesn’t work; you can try again with another! Boost your chances by using multiple wallets to claim rewards across different accounts.
🎉 Step 4: Claim Your Tokens and Celebrate
Once you’ve signed the approval from your wallet, sit tight for just 5–10 minutes. Afterward, congratulations! Your tokens will appear in your wallet, ready for use or withdrawal.
Don’t miss out—follow these steps and secure your share of the rewards today! See more crypto-related blogs here.
Overview of Hype Token
Hype Token is a digital asset associated with the Hyperliquid platform. It serves as the native cryptocurrency for this blockchain-based system.
The token plays a key role in the platform’s operations and pricing dynamics.
Concept and Technology
Hype Token runs on a smart contract platform. It uses blockchain technology to enable secure and transparent transactions.
The token’s design aims to support various functions within the Hyperliquid ecosystem.
Users can trade Hype Tokens on cryptocurrency exchanges. The platform allows for futures trading, which began shortly after the token’s launch. This feature adds to the token’s versatility and appeal for traders.
Hyperliquid’s blockchain infrastructure provides a foundation for decentralized finance applications. It offers fast transaction speeds and low fees.
These features make it attractive for users seeking efficient crypto operations.
Hyperliquid Price Mechanism
The price of Hype Token fluctuates based on market demand and supply. As of December 24, 2024, its price is $29.65 USD. This value can change quickly due to market forces.
Trading volume affects the token’s price. A 24-hour trading volume of $459,421,660 USD shows active market participation. High volumes often lead to more price movement.
Hype Token’s market cap stands at $8,033,656,397 USD. This figure places it at rank #22 among all cryptocurrencies.
The total supply of Hype Tokens is capped at 1 billion, with about 330 million currently in circulation.
Factors like platform adoption, market trends, and crypto regulations can impact Hype Token’s price. Investors often track these elements to make informed decisions.
Hype Token Market Analysis
Hype Token has seen major growth recently. Its price and market cap have risen sharply, putting it among the top cryptocurrencies.
Market Capitalization and Rank
Hype Token’s market cap has soared to around $9.5 billion. This puts it in the top 25 cryptocurrencies by market cap. The token’s circulating supply is about 334 million HYPE. Its total supply is 1 billion HYPE.
Hype Token’s price has jumped to over $28 per token. Trading volume has also increased a lot. This shows growing interest from investors. The token’s market cap and rank have climbed fast in a short time.
Comparison with Bitcoin, Ethereum, and Solana
Hype Token’s market cap is still much smaller than Bitcoin, Ethereum, and Solana. But its recent growth has been faster. Bitcoin’s market cap is over $500 billion. Ethereum’s is around $200 billion. Solana’s is about $30 billion.
Hype Token’s price moves have been more extreme. This means higher potential gains, but also more risk. Bitcoin, Ethereum, and Solana tend to be less volatile. They have longer track records in the crypto market.
Trading and Investment
The Hyperliquid (HYPE) token has seen significant price movements and trading activity. Recent data shows volatility in the token’s value and trading volumes across exchanges.
Analysis of Price Fluctuations
HYPE’s price has experienced notable changes recently. The token’s value fell by 15.08% in a 24-hour period, reaching $26.89. This represents a 23.20% decrease from its all-time high of $35.01.
Short-term swings are common, with the price dropping 0.83% in just one hour.
Price movements can be linked to market events and token developments. The launch of Hyperliquid’s native token likely impacted its value. Traders should watch for news and updates that may affect future price action.
Volume and Liquidity Considerations
Trading volume for HYPE has been substantial. A 24-hour volume of $701.81 million shows active market participation. High volume often points to increased liquidity, making it easier for traders to buy and sell without major price impacts.
Liquidity is key for smooth trading. A robust order book helps reduce slippage for large trades. HYPE is available on various cryptocurrency exchanges, both centralized and decentralized. This wide availability can support liquidity across different platforms.
Traders should monitor volume trends and exchange listings. Changes in these factors can affect trading conditions and price stability.
Historical and Real-time Price Data
Hype token’s price history shows significant milestones and fluctuations. Accurate, up-to-date price information is vital for traders and investors to make informed decisions.
Sources for Accurate Price Information
CoinGecko is a trusted source for real-time Hype token prices. It offers detailed charts and historical data. Bitget, a popular exchange, also provides current Hype prices and trading pairs.
Crypto data aggregators compile price info from multiple exchanges. This gives a more complete picture of Hype’s market value. Some platforms update prices every few seconds for the most current data.
Many sources offer price alerts. These notify users of big price changes or when Hype hits certain levels.
All-Time Price Milestones
Hype token reached its all-time high of $35.07 on December 21, 2024. This marked a key milestone in its price history.
The current price of Hype ranges from $25.47 to $29.52, according to different sources. Price variations occur due to differences in data collection methods.
Hype’s 24-hour trading range has been $25.30 to $30.19. Its 7-day range was wider at $22.72 to $34.49. These ranges show recent price volatility.
The token’s price has seen both ups and downs. It dropped 15.08% in 24 hours at one point. But it also saw gains, like a 7.87% increase in another 24-hour period.
Future Outlook and Projections
The Hype Token (HYPE) shows promise for growth in the coming years. Price predictions suggest HYPE could reach $38.45 by late December 2024, a 40% increase.
Longer-term projections are even more bullish:
- 2025 average price: $55.12
- 2030 average price: $155.28
These estimates point to significant potential upside for HYPE holders.
Key factors that may influence HYPE’s future performance:
- Market capitalization growth
- Increased trading volume
- New exchange listings
- Platform upgrades
- Partnerships
The token’s maximum supply of 999,990,391 HYPE creates scarcity as demand rises. This could drive price appreciation over time.
HYPE’s fully diluted valuation (FDV) will be an important metric to watch. A rising FDV may indicate growing investor confidence.
The success of HYPE’s perpetuals trading platform could boost token utility and demand. Higher trading volumes and TVL (total value locked) would be positive signs.
Potential airdrops or token burns may impact supply dynamics and price action. Investors should monitor any changes to HYPE’s tokenomics.
Frequently Asked Questions
HYPE Token has generated significant interest in the crypto community. Investors and traders have many questions about its price, features, and future potential.
How does the Hyperlane token differ from HMTT Coin?
HYPE Token is the native cryptocurrency of the Hyperliquid platform. It has a total supply of 1 billion tokens. HMTT Coin is a separate digital asset not related to Hyperliquid.
What factors influence the price of HYPE Token?
Market demand, trading volume, and platform adoption affect HYPE Token’s price. New features on Hyperliquid and overall crypto market trends also impact its value.
What is the future outlook for HYPE coin price according to current predictions?
Price predictions vary, but some analysts are optimistic about HYPE’s potential growth. The token’s price rose from $2 to nearly $10 shortly after its launch.
Can you explain the procedure to participate in a HYPE token airdrop?
Hyperliquid conducted a major airdrop that distributed tokens to eligible users. Details on future airdrops are not currently available.
What security measures are in place for investors considering Hyperliquid?
Hyperliquid aims to create a secure, decentralized financial system. Specific security measures are not outlined in the provided information.
What are the key features that drive the value of HYPE Token?
HYPE Token powers Hyperliquid’s decentralized financial ecosystem. It enables community involvement and rewards.
The token is used for trading and liquidity provision on the platform.
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