Features Crypto News by Thebittimes.Com

$HYPE – The Dark Horse of DeFi?! In a market saturated with buzzwords and bold claims, one project is steadily capturing the attention of seasoned investors and on-chain analysts alike: $HYPE. Dubbed “The Dark Horse” of the DeFi space, it is emerging as a potential game-changer in a sea of overpromised and underdelivered token s. What is $HYPE? At its core, $HYPE is more than just a clever ticker. It represents a new wave of community-driven momentum, utilizing a hybrid approach that combines decentralized finance, social liquidity dynamics, and gamified tokenomics. Unlike many fly-by-night tokens that fizzle out after the hype, $HYPE appears to be building its foundation with long-term sustainability in mind. Why the “Dark Horse”? The term “dark horse” refers to an unexpected contender that rises through the ranks when least expected. In the case of $HYPE, this moniker fits well: Low Initial Visibility, High Organic Growth : $HYPE hasn’t relied on massive VC bac...

As on-chain crypto exchange HyperLiquid gained popularity and its proprietary token HYPE reached all-time highs on Monday, misrepresentations about its traders’ profits spread across social media.  Crypto historian Smolting, known by his X handle InverseBrah, logged one particularly egregious example of a HyperLiquid trader — who had actually lost millions of dollars overall — climbing the wealth leaderboard. Unfortunately, HyperLiquid’s profit and loss (PnL) dashboards can be confusing. By the end of the day on Monday, for example, HyperLiquid’s leaderboard claimed that its most profitable trader made more than $400 million in profit in the past 30 days despite no trading volume during those 30 days . It’s the same story for the next three positions on the leaderboard: $200 million, $82 million, and $77 million in profit despite $0 trading volume. Only the fourth-ranked trader or lower had actually traded this month. A Binance wannabe spawning offshore ...

A leading pseudonymous cryptocurrency analyst predicted Dogecoin would keep bleeding in the charts. This year, the meme currency trades at $0.10 with little to no price spurts. The development is testing investors’ patience as it has nothing to offer. While the downward trend is quick, the upward trajectory moves at a snail’s pace. DOGE is slipping backwards in the charts and wiping away investments in a jiffy. Also Read: Cryptocurrency Investor Loses $1 Million Trading Meme Coins Considering all these scenarios, cryptocurrency analyst Altcoin Sherpa has forecasted that Dogecoin will keep falling in the indices. His forecast indicates that the meme coin could dip to $0.08 in the coming weeks. The analyst stated that it “pains” him to say it could “probably keep bleeding until $0.08.” “Pains me to say it but Dogecoin probably keeps bleeding until $.08. I still think this is probably a decent one for this cycle for passive investors but eh,...