Hyperliquid Buy And Hold

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Hyperliquid Buy And Hold

Hyperliquid: Buy and Hold It For Long Term

The crypto bear market is in full swing, and we have yet to see the bottom. But things could soon change once the interest rates start to come down.

This bearish cycle has also separated real crypto projects from those that were just hype. Amidst all of this, a lot of good coins are now available at a discount.

One particular cryptocurrency that you can consider buying is Hyperliquid (HYPE). It has strong fundamentals and a real-life use case.

Hyperliquid Is A Decentralized Exchange

What is Hyperliquid? It is a decentralized exchange with its own blockchain. Users can use this exchange to trade spot pairs, future contracts, derivates, and much more. The platform also covers tokenized stocks, commodities, and a lot more.

What's more interesting is that Hyperliquid spends 99% of the platform fees it earns to buy the network's native token. This is similar to the buyback program we see in the stock market. Over the long run, this practise alone would prop up the token's price.

As of now, Hyperliquid controls 7.4% of the perpetual futures trading volume. That's quite a feat and highlights that Hyperliquid has a strong position in the market.

If we talk about risks, the biggest one is that it can't operate in the USA legally. So, the exchange is missing out on institutional and retail capital from US consumers.

Another risk is that the buyback program could slowdown if the trading volume drops. After all, the company is facing competition from Lighter, Aster, and other exchanges.

With all things considered, Hyperliquid is a very solid project and worth buying. After all, the market is full of meme coins, and it can be a breath of fresh air to see projects like Hyperliquid.

Hyperliquid doesn't talk about big things or stuff of the future that might never happen. It has a working product, an established user base, and solid technology. So, if you are in search of a crypto project, then you can consider Hyperliquid.

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