Up 20% in 1 Day, is Hyperliquid Worth Buying Hand Over Fist Right Now?
The decentralized crypto exchange appears to have an ally in the White House.
Overview
On Aug. 19, Hyperliquid (CRYPTO: HYPE) soared by 20% in the wake of one very special catalyst. All it took was one sentence uttered by President Donald Trump stating that Commodity Futures Trading Commission (CFTC) Chair Michael Selig is working on a pathway for the decentralized crypto derivatives exchange to operate in the United States legally.
Today, Hyperliquid intentionally blocks U.S.-based users, as it isn't confident in the legality of offering its perpetual futures contracts to them, so the fact that Trump wants it to have access to the U.S. market could be a game changer. But does that make the coin worth buying, considering that it has a deep roster of competitors, boasts no real competitive edge, and that it's still a fledgling operation?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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