Hyperliquid’s (HYPE) Growth Story Meets Slowing Activity: Report

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Hyperliquid’s HYPE token rose 80% over the past 90 days, significantly outperforming Bitcoin’s 10% gain over the same period. This price action comes in the backdrop of a market witnessing geopolitical turmoil. However, data demonstrates that fundamentals have waned relative to HYPE’s valuation. In his latest report, crypto analyst Michael Nadeau said investors are increasingly “paying up” for each dollar of revenue, as the token’s fully diluted price-to-sales ratio reached 47.3, up 67% quarter-over-quarter and nearing record levels. This is an uncommon trend during periods when valuations typically contract.

Source: https://cryptopotato.com/hyperliquids-hype-growth-story-meets-slowing-activity-report/