Crypto Chaos: HYPE & OM Soar 13% While Bitcoin Cries in a Corner!

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Hyperliquid
(HYPE, $25.21, 24h volatility: 20.7%, Market cap: $8.40 B, Vol. 24h: $614.66 M)
and Mantra
(OM, $5.70, 24h volatility: 15.6%, Market cap: $5.52 B, Vol. 24h: $662.23 M)
were the superheroes of the crypto world yesterday, both jumping 13% while the rest of the market was busy crying into their digital wallets. Bitcoin, the so-called “king of crypto,” dropped to $91,000 before crawling back to $99,100. 🎭

The real-world asset (RWA) tokenization sector is flexing its muscles this cycle. Mantra (OM) and Ondo
(ONDO, $1.42, 24h volatility: 18.6%, Market cap: $4.49 B, Vol. 24h: $1.22 B)
both stayed bullish, rising by 13.10% and 5.98%, respectively. The sector’s market cap is now $61.20 billion, and trading volume skyrocketed by 245%. Demand for RWA tokens? Still hotter than a jalapeño in July. 🌶️

Hyperliquid: The AI-Blockchain Lovechild

Hyperliquid, the protocol that’s like if AI and blockchain had a baby, also gained 13%. AI-based tokens are crushing it this cycle, with the sector now valued at $35 billion. In the past day alone, $8.43 billion worth of AI tokens were traded, a 178% spike in volume. 🚀

Crypto analysts are calling HYPE the “next big thing” for 2025. One social media guru on X (formerly Twitter) gushed about Hyperliquid’s fair token launch and strong community. Here’s the quote:

Publishing this chart on Hyperliquid for 2025 to get you all to understand on where we are heading.

You are looking at an asset with the fairest launch we have seen to date with the highest immediate growth potential that from day 1 drove value back to token holders.

Strap in…

— McKenna (@Crypto_McKenna) February 2, 2025

Oh, and Hyperliquid’s been raking in the dough: $1.97 million in the past 24 hours and $52.22 million over the past month. Cha-ching! 💰

HYPE and OM: The Pricey Duo

At the time of writing, HYPE is trading at $24.81, while OM is at $5.71. HYPE’s market cap is $8.26 billion, and OM’s is $5.76 billion. Mantra recently hit a new all-time high, while Hyperliquid is down 30% from its peak a month ago. 📉

The four-hour chart for HYPE shows strong bullish momentum, with the RSI at 52.87. But the slight downward slope hints at a potential correction. The price is in the bullish region of the Bollinger Bands, with upper resistance at $28.16. 🐂

OM’s RSI is at 68.82, meaning bulls are still in charge. But it’s nearing the overbought zone. The MACD indicator remains bullish, suggesting OM might try to break the $6 resistance level. 🐻

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2025-02-03 22:14