Daily Discussion, May 26, 2024
Daily Discussion, May 26, 2024
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Hyperliquid (HYPE) Plunges by 11% Weekly: Further Losses on the Way?
Is HYPE at risk of falling to $0? HYPE, the native token of the decentralized exchange Hyperliquid, has performed quite poorly lately, coinciding with the red wave sweeping through the entire crypto sector. The token has been the subject of numerous price predictions, with some analysts envisioning additional declines in the short term. Where…
Tether Unveils Satoshi Nakamoto Statue at Plan ₿ Forum in Swiss City Lugano
The world’s largest stablecoin issuer, Tether, has joined hands with authorities in the Swiss City of Lugano to unveil a new statue of the pseudonymous Bitcoin creator Satoshi Nakamoto at the third annual forum of the Plan ₿ initiative. According to a press release by Tether, the Satoshi Nakamoto statue embodies the Bitcoin creator’s mystery…
LayerZero’s ZRO crypto gets a rough start: Can it recover soon?
Layer Zero’s ZRO listed on Binance amongst other exchanges. Price plummeted, community unhappy with the airdrop. LayerZero[ZRO] recently began distributing its ZRO tokens via an airdrop, with major crypto exchanges announcing their listings. However, the excitement surrounding these listings was tempered by frustration over the airdrop rewards, which many participants found disappointing. New airdrop in…
RSR and VANRY now available for trading!
We’re thrilled to announce that Reserve Rights ($RSR) and Vanar Chain ($VANRY) are now available for trading on Kraken! Funding and trading Trading for $RSR and $VANRY is live as of 14:00 PM UTC November 26, 2024. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit…
Dogecoin targets $0.60 next after DOGE price gains 40% in one week
Key takeaways: Dogecoin has broken out of a multimonth symmetrical triangle. Trading volumes tripled during the breakout, signaling strong bullish momentum. Dogecoin (DOGE) price has rallied by nearly 40% in the past seven days, beating the broader crypto market, which has gained nearly 8% in the same period. DOGE/USD vs. TOTAL crypto market cap daily…
Hyperliquid Dominates DEXes With 80% Trading Volume
Hyperliquid has suddenly made a name for itself amongst its counterparts, gaining a significant percentage of the general derivatives market. It turns out that the Decentralized Exchange (DEX) controls almost 80% of the entire decentralized perpetual futures market. Such a massive growth is a reflection of the rapidly growing dominance of Hyperliquid over its rival….
