HYPE tokens closed at nearly $60 in an all-time high after 8% daily gains, while Binance-backed rival ASTER surged 350%.
The native token for the decentralized crypto derivatives exchange Hyperliquid hit a new peak price level on Thursday as altcoins outperformed on Fed rate cuts.
Hyperliquid (HYPE) hit an all-time high of $59.29 during early trading on Thursday following a daily gain of around 8%.
The asset, which has a market capitalization of just under $16 billion, has surged almost 40% over the past month, massively outperforming the top three cryptocurrencies by market capitalization: Bitcoin (BTC), Ether (ETH) and XRP (XRP).
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