Hyperlane HYPER Crypto Soars 50% in 48 Hours: Is $1 Next?

HYPER crypto is bullish, adding 50% in 48 hours. With bulls in charge, will the token hit $1? Hyperlane releases Warp Routes 2.0, enhancing its interoperability appeal.

The crypto market is finding value at around $4 trillion. With Bitcoin struggling to breach $120,000 and Ethereum surging, investors are rapidly seeking some of the best cryptos to buy.

Among the over 17,700 coins and tokens listed on Coingecko, Hyperlane has been trending over recent trading days. Its native token, HYPER, is trading near all-time highs, with momentum building steadily.

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HYPER Crypto Surges 50% in 2 Days: Is $1 Next?

Over the past two days, HYPER6 (No data) crypto surged over 50% before consolidating, as expected from volatile tokens. Despite the pullback, prices remain within a broad range set on July 23 and 24, and the uptrend persists, offering potential opportunities if prices break higher.

Technically, HYPER is in a bullish breakout formation following a leg up on July 10. Although prices dipped afterward, HYPER found support around $0.35 before climbing.

If the gains from the past 48 hours are confirmed, the coin could print higher highs, breaking out from a bull flag. Rising trading volume at recent swing highs suggests trader interest and possible accumulation.

At this pace, HYPER could break its all-time high of nearly $0.70 and rally to $1, a key psychological level. This surge would mark a major milestone for HYPER, which has already risen 400% from its all-time low on June 22.

Bithumb and Upbit Listings

On July 10, HYPER prices soared after being listed on Upbit and Bithumb, two of South Korea’s top exchanges.

With South Korea’s active retail crypto community, the listing and pairing with the Won enabled traders and investors to buy HYPER easily without needing stablecoins or USD. As a result, HYPER prices surged nearly 400%, easily outperforming some of the top Solana meme coins.

The recent two-day surge isn’t driven solely by FOMO or trader excitement. It aligns with fundamental developments. On July 22, Hyperlane released Warp Routes 2.0.

Hyperlane plays a vital role in blockchain interoperability, connecting over 170 blockchains. It supports multiple virtual machines, including Ethereum, Solana, and Cosmos.

It offers a permissionless framework that eliminates the need for traditional bridges, enabling developers to deploy cross-chain solutions without intermediaries.

Release of Warp Routes 2.0

With Warp Routes 2.0, Hyperlane introduces collateral-agnostic bridging, allowing protocols to accept assets from multiple source chains without manual unwrapping.

By integrating Everclear and Circle’s CCTP for native rebalancing, Hyperlane addresses liquidity fragmentation, making cross-chain operations simpler and cheaper.

This upgrade enhances Hyperlane’s appeal for DeFi protocols like VelodromeFi Superswap and RelayProtocol Vaults, as well as developers building cross-chain dapps.

The upgrade is crucial as Hyperlane expands, recently deploying on Ethereum Layer-2 Starknet and supporting Solana-based Eclipse.

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The post Hyperlane HYPER Crypto Soars 50% in 48 Hours: Is $1 Next? appeared first on 99Bitcoins.

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