Hyperliquid NFT Skyrockets: Commemorative Token Hits $470K Record Trade
Digital collectibles market explodes as Hyperliquid's anniversary NFT shatters expectations.
The Price of Prestige
Hyperliquid's commemorative non-fungible token just rewrote the rulebook for digital asset valuation. One specimen traded hands for a staggering $470,000 - enough to make traditional art auction houses blush.
Market Frenzy Goes Mainstream
This isn't just another crypto fad. The record-breaking transaction signals institutional money finally understanding what crypto natives knew all along: digital scarcity creates unprecedented value. While Wall Street analysts scratch their heads, the smart money's already positioned.
Bullish indicators flash green across the board as this single trade demonstrates the explosive potential of properly tokenized digital assets. The traditional finance crowd might dismiss it as irrational exuberance - but then again, they said the same about Bitcoin at $100.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP recover as the key support level holds
Bitcoin price failed to find support around $116,000 on September 19 and declined by 6%, reaching a low of $108,631 on Thursday. However, BTC recovered slightly in the next three days. At the time of writing on Monday, it trades at around $111,700. If BTC continues its recovery and closes above the 50-day Exponential Moving Average (EMA) at 113,232 on a daily basis, it could extend the recovery toward the daily resistance at $116,000.
Top Crypto Gainers: ZEC, PUMP, ATH start the week strong with double-digit gains
Zcash edges higher by 8% at press time on Monday, advancing on the nearly 10% gains from the previous day. The uptrend in this privacy coin has reached an annual high and surpassed the 78.6% Fibonacci retracement level at $61.01, which is drawn from the $74.59 close of December 2 to the $29.17 close from March 10. If ZEC marks a decisive close above this level, the rally could extend to the $74.59 peak.
Ethereum Price Forecast: ETH investors book $800 million in profits as open interest declines
Ethereum saw increased profit realization on Friday, with investors booking over $800 million in profits, according to data from Santiment. The spike followed ETH's decline to $3,800 on Thursday, marking its first drop below the $4,000 threshold in over a month. Ethereum's bearish performance this week also sparked two major long liquidation events, including $401.8 million on Thursday and $490 million on Tuesday.
