Significant changes are occurring in the crypto market: Dogecoin is losing ground while Unstaked and Hyperliquid demonstrate growth.
Dogecoin's Struggles
Dogecoin's (DOGE) price continues to decline, falling below the $0.18 mark. Currently priced at $0.176, it's down 9% from its recent local high. An increase in the Network Realised Profit/Loss (NPL) metric indicates active profit-taking, suggesting further declines ahead. Moreover, DOGE has dropped below its 50-day EMA at $0.195, confirming negative market signals.
Hyperliquid's Success
Amid Dogecoin's decline, the cryptocurrency Hyperliquid (HYPE) continues to rise. After reaching a record high of $44.76, HYPE has increased by 25% over the past week. The open interest for HYPE is $1.83 billion, highlighting its current surge. Optimism for HYPE remains, despite a slight decrease in trading volumes.
Unstaked's Prospects
Currently at Stage 22 of its presale, Unstaked shows significant growth, raising over $10.5 million with a price of $0.012091. The project aims for a launch price of $0.1819, suggesting nearly 28x potential returns. Additionally, Unstaked is distinguished by offering functional AI tools for users, which may enhance its appeal in the market.
In the current changing landscape of the crypto market, the success of Unstaked and Hyperliquid could shift investor interest from less stable assets like Dogecoin to projects with real utility.
