Hyperliquid Price Prediction: As HYPE Denies Fears Over A North Korean Hack, Traders Shift Focus To This Crypto Wallet Token For Parabolic P...
Release: 2024/12/24 16:04 Reading: 584
Hyperliquid Price Surges After Concerns
Hyperliquid's price has experienced a 7% increase in the past 24 hours, currently trading at $29.28 as of 12:32 a.m. EST. This rise occurs despite concerns regarding Hyperliquid's security and centralization, with reports suggesting activity by the Lazarus Group, a North Korean hacking organization.
Despite the surge, Hyperliquid has denied any compromise, assuring users on its Discord server that funds are secure.
Outflows Exceed Inflows
In the past 30 hours, Hyperliquid has experienced a significant outflow of funds, exceeding $256 million. December 23 alone witnessed $502.71 million in outflows against $253.5 million in inflows.
Price Rebound on Strong Support
On KuCoin's HYPE/USDT chart, the price has rebounded from a support zone between $26 and $27. This movement indicates strong buying interest in the region. Additionally, the $28 level has provided minor support, aiding in maintaining upward momentum.
Technical Indicators Support Bullish Narrative
The 50-simple moving average has crossed above the 200-moving average, forming a bullish crossover that typically signifies an uptrend. The Relative Strength Index (RSI) is currently at 57.09, suggesting bullish momentum without reaching overbought levels.
Best Wallet Presale Surpasses $5.5 Million
Amidst the Hyperliquid price surge, excitement surrounds the Best Wallet ($BEST) presale, which has raised over $5.5 million. Best Wallet combines a decentralized exchange (DEX), wallet features, and digital asset management tools in a user-friendly platform. Its "Upcoming Tokens" feature identifies promising tokens prior to launch, including Pepe Unchained ($PEPU), which experienced a 591% surge after its debut.
Best Wallet offers holders who stake their BEST tokens a substantial annual return of 410%. Investors can acquire BEST tokens for 0.023325 and are advised to purchase before a price increase in less than 27 hours.
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