Worldcoin and Hyperliquid had a pretty good week in the world of cryptocurrencies, with both WLD and HYPE seeing impressive gains in the past seven days. According to CoinGecko data, both tokens surged nearly 35% in value, making them some of the top performers in the market. The positive momentum for these two cryptocurrencies is expected to continue into the next week, as investors show confidence in their potential for further growth.
Worldcoin, also known as WLD, has been on a winning streak for seven consecutive weeks, as shown in the WLD/USDT weekly price chart. In the last 24 hours alone, WLD saw a 2% increase, contributing to its overall 35% gain over the past week. The surge in Worldcoin’s value can be attributed to a series of announcements from the AI firm led by Sam Altman, detailing the project’s expansion plans and future prospects.
On the other hand, Hyperliquid (HYPE) also had a strong week, with a 7% increase in value in just one day and a 35% increase over the past seven days. The recent spike in HYPE’s price is linked to increased demand from notable figures in the crypto world, such as Arthur Hayes, the former CEO of BitMEX and co-founder of Maelstrom. The accumulation of HYPE tokens by crypto elites has further fueled the positive sentiment surrounding the project.
As we look ahead, both Worldcoin and Hyperliquid are expected to continue their upward trajectory, with potential for further price gains in the coming days. Technical indicators suggest that WLD could see a 32% increase, pushing its price to test the significant resistance level at $2. Meanwhile, RSI readings and MACD signals point towards a positive momentum in the price trend of both WLD and HYPE.
In terms of on-chain analysis, Worldcoin’s indicators support a bullish outlook for WLD, with network realized profit and loss metrics indicating a favorable climate for price appreciation. Similarly, Hyperliquid’s on-chain metrics show a surge in trade volume, sentiment, and social dominance, aligning with the recent rally in HYPE’s price.
Derivatives traders are also showing optimism towards HYPE’s potential for further gains, with a long/short ratio exceeding 1 and a significant increase in open interest for HYPE futures contracts. However, the sentiment towards WLD seems to be more muted, with short liquidations surpassing long positions in the last 24 hours.
Overall, the catalysts behind the recent gains in WLD and HYPE include announcements of expansion plans, strategic partnerships, and endorsements from prominent figures in the cryptocurrency space. These factors, combined with positive technical indicators and on-chain metrics, suggest that both Worldcoin and Hyperliquid are poised for continued success in the near future. So, keep an eye on these two tokens as they navigate the volatile waters of the crypto market.
