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Top trader Eugene: Hyperliquid is currently the best derivative DEX, but prices may be under pressure in the short term

Top trader Eugene: Hyperliquid is currently the best derivative DEX, but prices may be under pressure in the short term

Bitget2024/12/15 16:33
HYPE+0.21%

On December 15, top trader Eugene shared the recently popular DEX project Hyperliquid on his social platform. Eugene stated,

"HL (Hyperliquid) is the best Deriv DEX in the market, far ahead and deserving of its accumulated market share and fan base; founder Jeff and his team have done everything right so far, even paving the way for other founders to set up a 'correct' token issuance strategy.

However, since TGE, the token price has actually been parabolic. I think that at current prices it's very attractive to early airdrop investors. In my view, hype volume equals peak CT occupancy rate. The speed of stockpiling also reflects many marginal buyers chasing after it especially above $10.

I don't have any opinion on hype (long-term or short-term), but I admire their achievements in such a short time. Given that I am bombarded with questions about this topic every day, these are just my thoughts."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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