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Here's how some of the world's biggest cryptos (excluding stablecoins) have performed of late:
Recall, that TRON was listed among our “3 Assets to Watch” (June 1-5), published at the start of this week.
As part of the “DOWNSIDE” scenario, we wrote this on Monday, June 1st: “ ... TRXUSDT may tumble to next find support around its 100-day SMA ...”
Sure enough, this week's selloff has TRON now testing support around its 100-day SMA at the time of writing.
Despite the rapid declines of late, the crypto world did witness some skyrocketing price action earlier this week!
HYPE soared to a new record high of 75.79 on June 1st, held around those levels through mid-week, before succumbing to the crypto-wide selloff.
Despite now trading about 20% below its ATH, HYPE can still boast of a year-to-date advance of about 140%!
Recall that HYPE was featured among our previous “3 Assets to Watch (May 25-29)”.
HYPE is the native token for Hyperliquid: a high-performance layer-1 blockchain purpose-built for on-chain order book perpetual futures and spot trading.
It uses the HyperBFT consensus mechanism, optimized for low-latency trading.
HYPE is used for transaction fees, staking, and protocol governance.
Here are some recent major developments:
For more on how HYPE’s token value is supported by:
DISCLAIMER: This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.