Why could Hyperliquid rally to $50 amid the current crypto bear market?
Hyperliquid recovers nearly 3% at press time on Friday, holding above $35.00 and becoming the 10th-largest cryptocurrency by market capitalization with a $8.97 billion valuation. HYPE’s price action has been defying the broad bearish market, partly due to announcements such as the Coinbase spot market listing and the HIP-4 proposal, which would expand the platform into the prediction market space. Retail demand for HYPE remains steady, with Open Interest up to $1.60 billion, and positive funding rates.
Coinbase listing supports HYPE recovery
Coinbase announced on Thursday the listing of Hyperliquid’s HYPE token, funneling further trading volume to one of the few altcoins sustaining gains in the current bear market. Santiment data show…
