What stands to benefit from the Binance wallet hack? Of course, $HYPE ! Why do I say that? Let me explain!
First, HYPE is also a decentralized derivatives exchange, so it competes with Binance. On top of that, yesterday it announced plans to partner with ICE, the parent company of the NYSE, to bring perpetual futures products to US regulated markets. However, regulators have yet to approve the plan. This is major bullish news. HYPE’s tokenomics are also strong, with built-in buybacks and burns. Personally, I think you can open a long position around the current level of 91. When Bitcoin sold off yesterday, HYPE was clearly the most resilient and strongest altcoin, with the smallest drop. Long-term target: $120.
$BTC $SKHYNIX #Countdown to the US midterm elections: Has the window for trading US stocks opened?
First, HYPE is also a decentralized derivatives exchange, so it competes with Binance. On top of that, yesterday it announced plans to partner with ICE, the parent company of the NYSE, to bring perpetual futures products to US regulated markets. However, regulators have yet to approve the plan. This is major bullish news. HYPE’s tokenomics are also strong, with built-in buybacks and burns. Personally, I think you can open a long position around the current level of 91. When Bitcoin sold off yesterday, HYPE was clearly the most resilient and strongest altcoin, with the smallest drop. Long-term target: $120.
$BTC $SKHYNIX #Countdown to the US midterm elections: Has the window for trading US stocks opened?
