However, as long as the price remains above the $30.00 minor support level, the bullish trend will likely continue. If a pullback occurs, the major support zone around $24.00 to $26.00 will be crucial for buyers to step in again. The RSI (14) is currently at 68.93, signalling strong bullish momentum and cautioning that the market is approaching overbought conditions. A move above 70 could lead to a short-term pullback as traders lock in profits. The breakout above the minor support zone is particularly significant, as it underscores the bulls’ control over the market. If this momentum continues, the next major resistance levels to watch are $34.00 and potentially $35.00, where some profit-taking might occur.
We will also be creating our own mobile game for android/iOS with in-game NFTS. HyperchainX has announced that they are creating an NFT collection and documentary honoring tech legend Jugi Tandon, the inventor of the double sided floppy drive. The collection will feature never-before-seen photographs, documents, and personal anecdotes from Tandon’s career in the tech industry.
Hyperchain Classic News
It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It’s a direct cryptocurrency’s supply & demand indicator, and is purely related to its market price. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. HYPE now has a market cap of $9.2 billion, pushing it into the top 20 largest tokens after overtaking bitcoin cash (BCH), pepe (PEPE) and litecoin (LTC). Crypto All-Stars comes with its MemeVault staking platform, designed to let meme coin holders earn both income and capital gains.
Layer-1 blockchain HyperLiquid, known for its decentralized derivatives exchange, opened up native staking for holders of its HYPE token, according to a Monday post on X. While waiting for the MemeVault to go live, many investors have turned to the presale staking pool for STARS itself, which offers a 138% annual yield. Trading for the $STARS token will commence on Monday, December 23, at 2 PM UTC, aligning with the time presale buyers can claim their tokens. For those who purchased via Best Wallet, token claims will be available directly through the app at the official launch time.
The platform allows users to stake multiple meme coins in one unified system, with longer staking periods yielding higher returns. As a multi-chain NFT marketplace and Launchpad, HyperChain X is easy to use and offers a lot of options for creators looking to showcase and sell their digital assets. The platform is designed to be user-friendly and dedicated to the gaming crowd, with a simple and intuitive interface that makes it easy for anyone to list and sell their NFTs. Our goal is to provide a dedicated gaming platform that feels like home to gamers. We believe there is a need for a platform like this and are committed to fulfilling it with HyperChain X.
Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Locked tokens bound by a vesting schedule can be staked, but rewards that accrue will remain locked. Crypto exchange platforms ease the trading of cryptocurrencies for other assets such as fiat and digital currencies.
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Boy Dennis Hilling has over 10 years of experience as an entrepreneur, having built a restaurant, a model magazine, and a platform. In addition to his successful business ventures, Hilling is also an artist in the music industry. With his diverse background and innovative mindset, Hilling brings a unique perspective to the gaming industry. HyperChain X, was founded by Boy Dennis Hilling and Joshua Breurs, two seasoned entrepreneurs with a passion for technology and gaming. Tay said they reached out to the platform two weeks ago, offering help in countering a potential threat. Introduction of staking comes one month after the HYPE token was issued.
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“We are thrilled to be able to showcase the incredible contributions of Jugi Tandon and other tech pioneers through our NFT collection and museum,” said a spokesperson for HyperchainX. “This is a unique opportunity for fans of technology and gaming to own a piece of history and learn more about the people and events that shaped the industry.” Joshua Breurs, on the other hand, has over 12 years of experience in web development, affiliate marketing, and SEO. Breurs has also been involved in the crypto industry for a decade, giving him a deep understanding of the complex and constantly evolving world of digital currencies. The exchange has racked up $2.64 billion in trading volume over the past 24 hours, with DefiLlama reporting that it is making more than $1 million per day in revenue.
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- Since then, it hassurged over 600% to $28.6, briefly topping $10 billion in market capitalization.
- Key support zones have played a critical role in maintaining this trend as the major support zone, between $24.00 and $26.00, provided a robust foundation for the price to rebound.
- Locked tokens bound by a vesting schedule can be staked, but rewards that accrue will remain locked.
- “This is a unique opportunity for fans of technology and gaming to own a piece of history and learn more about the people and events that shaped the industry.”
- HyperChain X price in US Dollar has increased by 71.08% in the last 1 month.
- Crypto exchange platforms ease the trading of cryptocurrencies for other assets such as fiat and digital currencies.
- We will also be creating our own mobile game for android/iOS with in-game NFTS.
- BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses.
- If a pullback occurs, the major support zone around $24.00 to $26.00 will be crucial for buyers to step in again.
Hilling and Breurs, saw the potential of the crypto gaming industry and its future early on and decided to take the plunge in April 2021. With all their experience and understanding of the gaming industry, the duo had the skills and expertise needed to create a successful platform. Hilling and Breurs are well-equipped to lead HyperChain X towards success in the exciting and rapidly-evolving world of crypto gaming. In addition to these features, HyperChain X is also creating its own games for Android and iOS with in-game NFTs and gambling options. All purchases on our platform will be compatible with the $HYPER token.
Stakers can select which validator to stake tokens with and will accrue rewards in return for securing the network. At launch, HyperLiquid staked 300 million tokens ($8.4 billion), and another 7 million tokens were added by users in the first hour. The Hype/USDT on the 1-hour timeframe shows a sharp bullish momentum, as the price continues to climb steadily after bouncing off key support levels.