Bitcoin (BTC) and altcoins have been on an upward trend recently, with some altcoins doubling in value.
At the moment, Ethereum is making headlines with a 15.4% rise over the past seven days, but HyperLiquid ($HYPE(favored by whales) entered the top 10 with a 20% increase.
A change has occurred in Coinmarketcap’s top 10 ranking. Therefore, Hyperliquid has overtaken Cardano ($ADA) gave a great performance.
$HYPE It surpassed Cardano and became the 10th largest cryptocurrency by market capitalization, with a market capitalization of over $10.5 billion.
According to experts, this situation is a result of the recent steady upward trend in HyperLiquid prices. Increased demand for perpetual crude oil futures following recent Middle East conflicts is also believed to have caused hyperliquid prices to rise. In fact, HyperLiquid’s price has increased over 40% in the last month.
As a result, HyperLiquid became one of the top 10 cryptocurrencies by market capitalization. However, Cardano ($ADA) was 10th last time, but has dropped one place to 11th. Cardano’s market capitalization is currently $10.47 billion.
*This is not investment advice.