HyperChainX (HYPER), a protocol designed to revolutionize the gaming industry, has seen a massive price increase today. According to data from CoinMarketCap, the altcoin is leading the market today, trading at $0.006851, up 215% at press time.
HYPER is essentially an altcoin known for its high volatility, so its rise is not surprising. Earlier this month, the altcoin rallied over 115%, a significant breakthrough for HYPER after a long time. On the other hand, it is worth noting that its latest rise is not an ordinary rise, as the altcoin reached an all-time high of $ 0.007256 with this rise about 19 hours ago. It is a notable development for a cryptocurrency to break a record while the general uncertainty in the market continues.
In addition, there were no developments to support HYPER growth; There was no sharing of an update by the team or support from different platforms. Therefore, we can say that the current rise is fully supported by FOMO (Fear of Missing Out).
Altcoins diverging from Bitcoin
Crypto markets are going through a major price correction. According to data from CoinMarketCap, the leading crypto Bitcoin (BTC), which moves the market, is trading at $22.901, down 1.41%.
However, despite Bitcoin’s price action, there are a number of altcoins that have left the downtrend to chart their own bullish path. While the most notable among these is HyperChainX, cryptocurrencies such as Binance Coin (BNB), Dogecoin (DOGE) and Litecoin (LTC) are also currently on the rise.
Finally, as the majority of top 100 cryptocurrencies are still trading in the green compared to last month, many analysts prefer to remain optimistic that this current drop is a healthy correction.
You can follow the current price action here.