The crypto market is buzzing with the Hyperliquid (HYPE) Token Generation Event (TGE) and a massive airdrop, with a total of 310 million tokens distributed.
The innovative Layer-1 blockchain operating on the Base network has excited traders along with recent developments in the Metaverse and artificial intelligence (AI) fields.
CoinTag reports that despite a 13.5% drop today, interest in decentralized solutions continues and there is interest in Vector Smart Gas (VSG).
Let’s examine today’s top alternative coins: Hyperliquid’s TGE, Virtuals Protocol’s 50% price increase, and Vector Smart Gas’s fluctuating interest.
Hyperliquid has launched its Token Generation Event (TGE), which has caused a huge stir in the crypto world. By distributing 310 million tokens, offering 31% of its total supply via airdrop, Hyperliquid aims to become a major player in the decentralized finance (DeFi) space. HYPE is currently trading at around $3.81, an indication of the high demand for the token.
Market analysts predict that Hyperliquid could see its trading volume increase if it is listed on tier-1 and tier-2 exchanges in the upcoming period. This potential liquidity is a critical factor for investors, as alternative coins have historically experienced large price movements when they first listed on an exchange.
Virtuals Protocol focuses on AI and Metaverse using its strategic position in the Base network. It continues to attract attention among crypto traders with a 50% price increase in the last 24 hours. According to current data, the price of VIRTUAL is at $1.36, and there has been a significant increase with the increasing interest in Metaverse projects.
Recent analysis shows that the Moving Average Convergence Divergence (MACD) indicator is showing signs of increasing momentum. Investors are hoping that if this trend continues, VIRTUAL’s price could reach or surpass $1.56 in the coming days. This is a goal that aligns with the enthusiasm for Metaverse tokens.
Vector Smart Gas (VSG) is facing a market correction, having fallen by 13.5% in the last 24 hours. This trend is being driven by increasing selling pressure among investors, while a decline in trading volume has also been observed. Although VSG is part of the Ethereum ecosystem, price recovery may be difficult as it is not yet listed on major centralized exchanges.
If the selling pressure continues, analysts predict that VSG’s price could drop from $0.0057 to $0.0037. However, if buying interest returns, the alternative coin could recover to $0.0071, presenting an attractive opportunity for traders looking to profit from market volatility.