The cryptocurrency market has experienced a sharp downturn, shaking investor confidence. However, tokens like Hyperliquid and DeXe continue to show growth.
Cryptocurrency Market Situation
Since yesterday, the cryptocurrency market has seen a dramatic fall. Bitcoin dropped to $91K before slightly recovering to over $95K. Ethereum was hit harder, falling by 16% to a low of $2,159 before rebounding to $2,600. Many altcoins also fell by nearly 25%.
Hyperliquid (HYPE) Growth
Amid the general decline, Hyperliquid (HYPE) showed a growth of 4%. This decentralized perpetual futures exchange, built on its own Layer 1 blockchain, is supported by high on-chain activity with fee revenue reaching $6.78M this month. HYPE is trading at $23.06 and holds above a critical support zone within a descending triangle pattern.
DeXe (DEXE) Success
DeXe, a decentralized social trading platform on the Ethereum blockchain, has surged by 8%. Over the past 60 days, the token gained 106%. Currently, DEXE is trading at $22.40 and is attempting to break through a key ascending trendline resistance at $23.83.
Despite the overall decline in the cryptocurrency market, Hyperliquid and DeXe demonstrate their resilience and potential for further growth. If the market begins to recover, these tokens could see even greater gains.
