Crypto is heating up once more as Bitcoin paves the way, with a number of other tokens following hard on its heels. With everything from big ecosystem developments to big player activity, tokens such as Hyperlane, TRON, Cardano, and Hyperliquid are making waves. Here are five top tokens currently worth keeping an eye on.
Hyperlane (HYPER) surged 95.9% in the last 24 hours after it announced a significant upgrade to its network. On July 9, it announced a testnet integration with MegaETH Labs, which enables apps to function on over 150 diverse blockchains, including Solana and Hyperliquid. This created huge interest in its cross-chain appeal. The token is currently trading at $0.3154 with an increase of 172% in the last 24 hours. The trading volume has surged by 1106%.Ā
The token also broke through key price levels, and technicals such as RSI demonstrated high momentum. HYPER's gain is part of a broader movement into blockchain infrastructure tokens, assisted by the recent Ethereum and XRP rallies.
Hyperlane enables blockchains to communicate in a hassle-free manner. It allows its apps to operate over large numbers of networks securely, of unlimited capacity, and with their developers having total command of security options.
Enables messaging in more than 150 chains, including Solana
The sharing of data is easily facilitated in smart contract mailbox
Security that can be configured is stronger on developer confidence and security.Ā
The largest cryptocurrency Bitcoin is again making waves in the crypto market. After the FOMC meeting minutes were released. The minutes hint at the fed rate cut. It revealed that many policymakers support at least one rate cut in 2025. Awaiting 30th July decision if inflation cools. The coin is currently trading at $111,063 with an increase of 2.14, while trading volume surged by 45% to reach $62.6 Billion. The current market cap of the BTC reached $2.2 Trillion, surpassing Google.Ā
Another factor is $215 million US spot Bitcoin ETF inflows indicated institutional demand. It was led by Blackrockās IBIT; it was also in the news, after the Bitcoin ETF surpassed the gains through S&P 500. Bitcoin became more attractive as a hedge against fiat. The price started rising right after the meeting notes were released at 2 PM ET on July 9.Ā
Dormant coins moving in the market also transferred 20K BTC worth of $2.2 Billion last week. It was also an impactful factor that pushed the BTC price up.Ā
The most credible and oldest cryptocurrency is bitcoin. It does not need banks, it aids in storing values and it is gaining recognition in situations which involve an uncertain economic situation as a safe haven.
Benefits
Short supply provides it with a long term value potential
Favourite against depreciation of currency
Common across different parts of the world and supported by demand- high demand
TRON's price rose 1.37% over the last 24 hours, facilitated by favorable market trends and a massive development by its creator, Justin Sun. On July 9, Sun announced that he is going to invest $100 million in TRUMP tokens, describing it as a step to bridge various crypto ecosystems. This news fueled optimism for potential growth in TRON. Meanwhile, TRON's price smashed above crucial technical levels with strong momentum. The general crypto market also increased by almost 3%, further supporting TRON's rise. Tron is currently trading at $0.2900 with an increase of 0.92% while trading volume has also surged by 28%.Ā
TRON will help creators to eliminate intermediaries. It enables artists, gamers, and other content providers to be directly remunerated by followers, as a result of which digital content will be more affordable and gratifying.
Benefits
Which assists creators to gain more by decreasing the charges
Low cost and fast network that has worldwide reach
Confidence is structured over the long term by clear plans of the future action
In the last 24 hours, Cardano (ADA) has increased by 5.81%. This is due to the huge rally in Bitcoin that soared to a new all time high of $111,900 on July 9 . Such a powerful step of Bitcoin promoted the entire market, and such coins as ADA also managed to get traction. It is now trading at $0.6296 with a spike in trading volume by 100%.Ā
Cardano has created a bullish technical indicator known as a gold cross on its weekly chart and this marks the first occurrence on the indicator. Simultaneously, individual whales acquired 120 million ADA amounting to nearly 3.3 billion dollars of the last two weeks. The surge in prices also accompanied the loss that short traders made; they lost an average of 529 million, which was mainly on Bitcoin positions.
Cardano is an energy-efficient blockchain that has smart contracts and real-life applications. It is centered on equity, sustainable growth and providing users voice within the network.
Benefits
Utilizes green proof-of-stake protocol.
Lets holders take part of the decisions concerning substantial alterations in the network.
It was constructed on solid research and international influence.
Hyperliquid (HYPE) surged by 6.97% to $41.96 over the last 24 hours, primarily on account of whales investing, new platform developments, and positive market signals. Four wallets invested $6.14 million USDC to purchase HYPE on July 9 when $40 million worth of HYPE was being unstaked. most likely in anticipation of Kinetiq's launch on July 15.Ā
Kinetiq will introduce validator scores and privileged access via iHYPE tokens to make it appealing to larger players. This whale action is evidence of increasing confidence in HYPE's future worth once the new features become active.Ā
The Hyperliquid is a DeFi developed at zero gas and hyperliquid speed. It is fueled by on-chain trading that is highly transparent with an on-chain trading infrastructure technology.
Benefits
It allows zero cost trading with fast settlement
Full visibility in fully on-chain order book
HyperBFT system enhances security and performance
With powerful tailwinds, large alliances, and increasing investor appetite, these five tokens are really something to watch. Whether you're a trader, you like developing apps, or you prefer holding long-term, they bring something special to the table. As ever, do your homework and keep current, because in crypto, the smartest play today can make a huge difference tomorrow.
Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.
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