Recently, the prices of Bitcoin (BTC) and many altcoins have seen an increase, with some altcoins doubling in value.
Currently, Ethereum has risen by 15.4% in the past seven days, while Hyperliquid (HYPE), favored by large investors, has entered the top ten with a 20% increase.
According to data from Coinmarketcap, the rankings of the top ten cryptocurrencies have changed, with Hyperliquid surpassing Cardano (ADA) due to its outstanding performance.
The market capitalization of HYPE has exceeded $10.5 billion, making it the tenth largest cryptocurrency by market cap.
Experts point out that this situation is a result of HyperLiquid's recent stable price increase. Additionally, following the recent conflicts in the Middle East, the demand for crude oil futures has increased, driving up the price of HyperLiquid. In fact, HyperLiquid's price has increased by over 40% in the past month.
As a result, HyperLiquid has successfully entered the top ten in cryptocurrency market capitalization. However, Cardano (ADA), which was previously ranked tenth, has slipped to eleventh place, with a current market cap of $10.47 billion.
*This content does not constitute investment advice.