Hyperliquid token reached a new all-time high, while its close competitor, ASTER, appreciated by three digits. In close comparison, HYPE gained more than 30% during the past month, while ASTER surged by approximately 600%.
Decentralized crypto derivative exchange, Hyperliquid’s native token, HYPE, surged to a new all-time high, reaching almost $60. The HYPE token was on an uptrend, making higher lows and higher highs throughout the past month. Despite the token being rejected at $56, the bulls continued to push and helped the price reach new altitudes.
HYPE outperforms BTC, ETH
A noteworthy characteristic of HYPE is that the token outperformed some of the big fishes like Bitcoin, Ethereum, and XRP. During the past month, Bitcoin appreciated by 2.71%, Ethereum by 8.34%, and XRP by 4.97% while HYPE surged by 34.87%, outperforming these established cryptocurrencies.
HYPE’s rival, ASTER, surges by 600%
Meanwhile, ASTER, a derivatives DEX, hit triple digits–603% on the monthly chart. The ASTER token is closely linked to the Binance CEO Changpeng Zhao, who is affiliated with YZi Labs, the company behind ASTER. ASTER is currently $0.59 after being rejected at the $0.76 resistance level.
Hyperliquid had a practice of robbing Binance’s market share, and to stop Binancians from going after its competitor, Zhao shared an X post. In his post, the CEO shared X posts about ASTER, recently congratulated the DEX on X. A crypto netizen stated that Zhao shared his post “Because it’s a direct Hyperliquid rival; and HL keeps stealing Binance’s market share” and Zhao was “shilling Aster under his wing” to keep Binancians straying away.
