Trader Eugene: Hyperliquid is currently the best derivatives DEX, but prices may be under pressure in the short term

2024-12-15 16:22:54
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ChainCatcher message, trader Eugene shared the recently popular DEX project Hyperliquid on his social platform. Eugene stated, "HL (Hyperliquid) is the best Deriv DEX on the market, far ahead, deserving of the market share and fan base it has accumulated; everything that founder Jeff and his team have done so far has been right, even paving the way for other founders to establish the 'correct' strategy for issuing tokens.

However, since the TGE, the token price has actually been parabolic, and I believe the current price has reached a very attractive level for early airdrop participants. In my view, the amount of promotional hype is equivalent to the peak market share of the entire CT. The speed of accumulation also reflects the enthusiasm of many marginal buyers, especially above $10.

I have no opinion on the hype (long-term or short-term), but I admire their achievements in such a short time. Given that I am bombarded with questions about this topic every day, these are just my thoughts."

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