$HYPE The risk of shorting is greater than going long.
I have looked up a lot of information and have a rough understanding of the reasons behind this wave of price increase. In the next few days, the trend will either retrace and then rise or move slowly upwards. In simple terms, this HYPE is the 'exclusive' of the 'cryptocurrency version of Wall Street,' Hyperliquid exchange. This exchange focuses on high-risk, high-reward trading such as futures and contracts.
Holding HYPE is equivalent to being a shareholder, with three main functions:
1. Save money: Use HYPE to pay trading fees for discounts.
2. Dividends: When you 'stake' HYPE, a portion of the trading fees earned by the platform will be distributed to you (similar to dividends).
3. Voting: You can participate in deciding the future direction of the platform.
The biggest feature of this exchange is its high speed and low fees, providing an experience very similar to major exchanges like Binance, but all transactions are recorded on a public blockchain, making it more transparent.
The biggest highlight of HYPE is its deflationary model: the platform will use most of the earned transaction fees to buy back HYPE on the market and destroy it, effectively reducing the total supply, which theoretically benefits long-term holders.
Trading strategy: Buy on dips, do not short.