Cryptocurrencies Price Prediction: Hyperliquid, Chiliz & Zcash — Asian Wrap 13 November
|Hyperliquid Price Forecast: HYPE under pressure as HLP absorbs $5 million bad debt
Hyperliquid (HYPE) holds above $38 after an 8% drop so far this week, which marks the third consecutive week of losses. The retail interest for HYPE remains low as Hyperliquid’s market maker, Hyperliquid Provider (HLP), suffers a $4.9 million loss in a potential stress test. The technical outlook warns of downside risk if bears fracture the $35 support.
Chiliz Price Forecast: CHZ risks drop as whales offload holdings amid fading market interest
Chiliz (CHZ) is trading around $0.032 at the time of writing on Thursday, after being rejected from the key resistance level earlier this week. On-chain data indicates that whale wallets are offloading their holdings while social dominance declines, suggesting fading investor interest. Meanwhile, the technical outlook hints at a potential correction, with bears eyeing lower support levels in the near term.
Top Crypto Gainers: Zcash, Decred, Zora – Privacy coins rally on Winklevoss twins-backed investment
Tyler Winklevoss announced the rebranding of Leap Therapeutics as Cypherpunk Technologies (CYPH) with a holding of 203,775 ZEC, representing ~1.25% of the current ZEC supply. Cypherpunk aims to acquire at least 5% of the total ZEC supply. Tyler further added, “If Bitcoin is digital gold, Zcash is an encrypted Bitcoin, or digital cash. One is your store of value, the other is how you privately move your value. We’ve been tracking this symbiosis for years and believe that now — as we enter the age of AI — is the right time to begin accumulating ZEC.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.