Native Markets has won the USDH ticker through Hyperliquid's governance process, attracting significant attention from participants. This event will enable the first Hyperliquid Improvement Proposal (HIP) for USDH.
Activation of the USDH Ticker on Hyperliquid
Following a vote from validators with heightened interest, Native Markets will activate USDH. The initial testing phase will feature per-transaction mint limits of up to $800. After testing, the USDH/USDC spot order book will open without caps.
Current HYPE Price and Trading Activity
The current price of the HYPE token sits around $54.30 with trading volume between $230 million and $440 million over the past 24 hours. With a circulating supply of 333.9 million out of a total of 1 billion HYPE, potential support levels around $52-$53 and resistance near $56-$58 have been observed.
Outlook and Predictions for HYPE Token
Analysts present various scenarios for HYPE token price over the coming weeks to months. Predictions show a price range from $39 to $90 in the next few months based on governance clarity and liquidity depth. The success of the USDH launch will be key for Hyperliquid's future.
The launch of USDH and its successful adoption will significantly influence the price movements of Hyperliquid and the HYPE token. Current trends in institutional investment and governance could provide a foundation for further growth.
