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The Biggest Crypto Launch in History: Prepare Now for HyperLiquid’s HYPE Token Airdrop

The crypto community is abuzz with anticipation as one of the most awaited tokens, HYPE from the HyperLiquid project, is set to launch imminently. Alongside the launch, participants can expect one of the largest airdrops in crypto history. This event could present significant opportunities, but also requires careful preparation and understanding to navigate effectively.

Key Details About the HYPE Token Launch

The HYPE token is scheduled to launch on November 29 at 7:30 AM UTC. It's crucial to convert this time accurately to your local timezone to ensure you don't miss the event. For instance:

  • London, UK (GMT): 7:30 AM (UTC +0)
  • Berlin, Germany (CET): 8:30 AM (UTC +1)
  • Madrid, Spain (CET): 8:30 AM (UTC +1)
  • Moscow, Russia (MSK): 10:30 AM (UTC +3)
  • Dubai, UAE (GST): 11:30 AM (UTC +4)
  • New Delhi, India (IST): 1:00 PM (UTC +5:30)
  • Beijing, China (CST): 3:30 PM (UTC +8)
  • Tokyo, Japan (JST): 4:30 PM (UTC +9)
  • Sydney, Australia (AEDT): 6:30 PM (UTC +11)
  • New York, USA (EST): 2:30 AM (UTC -5)
  • Chicago, USA (CST): 1:30 AM (UTC -6)
  • Denver, USA (MST): 12:30 AM (UTC -7)
  • Los Angeles, USA (PST): 11:30 PM on November 28 (UTC -8)
  • Buenos Aires, Argentina (ART): 4:30 AM (UTC -3)
  • São Paulo, Brazil (BRT): 4:30 AM (UTC -3)
  • Cape Town, South Africa (SAST): 9:30 AM (UTC +2)

You can use time conversion tools to find the exact time in your location.

Accepting Terms and Conditions

To be eligible for the airdrop, participants must accept the terms and conditions of HyperLiquid before the deadline on November 28 at 11:59 PM UTC. If you haven't done this yet, act quickly:

  1. Visit the official HyperLiquid website.
  2. Log in to your account.
  3. Navigate to the terms and conditions section.
  4. Read and accept the terms.

Be cautious of scams — ensure you're using the official website and avoid any unsolicited messages or links.

Navigating Initial Volatility

The initial moments after the token launch are expected to be highly volatile due to limited liquidity and high demand. Here are some key points to consider:

  • Avoid Market Orders: Using market orders during this time can result in unfavorable prices due to slippage.
  • Use Limit Orders: Set limit orders to specify the exact price at which you're willing to buy or sell.
  • Beware of Low Liquidity: With limited tokens available initially, price swings can be significant.

Understanding the HYPE Token Valuation

Predicting the exact valuation of the HYPE token is challenging, but we can draw parallels with similar projects to estimate potential values.

Supply and Distribution

  • Total Supply: 1,000,000,000 HYPE tokens.
  • Airdrop Allocation: 31% (310,000,000 tokens).
  • Token per Point: Each point accumulated in HyperLiquid equates to approximately 5.35 HYPE tokens.

Comparable Projects

  • DYDX: Market Cap of around $1.1 billion.
  • Jupiter Exchange: Market Cap of around $100 million.

Given HyperLiquid's features as both an exchange and a blockchain, its potential valuation could be in line with or exceed these projects.

Potential Valuation Scenarios

  • Conservative Estimate: Market Cap between $500 million to $1 billion.
  • — Token Price Range: Approximately $1.60 to $3.22 per HYPE token.
  • — Value per Point: Roughly $8 to $17.
  • Optimistic Scenario: If HyperLiquid's blockchain gains significant adoption, valuations could increase further over time.
Figure 1: PRE-market HYPE Price

The Importance of Having a Strategy

Entering the market without a clear plan can be risky. Here are some general guidelines to consider:

  • Set Clear Goals: Determine your entry and exit points based on your risk tolerance.
  • Stay Informed: Keep up-to-date with official announcements from HyperLiquid.
  • Diversify Risks: Consider spreading out your transactions to mitigate volatility impacts.
  • Long-Term Perspective: Recognize that the project's value may evolve as the blockchain and additional features are fully implemented.

So!

The launch of HyperLiquid's HYPE token represents a significant event in the crypto space, offering potential opportunities for participants. By preparing adequately, understanding the key details, and approaching the launch with a well-thought-out strategy, you can navigate this event more effectively.

Remember to exercise caution, avoid impulsive decisions during periods of high volatility, and always make informed choices based on thorough research.

Annex



source: https://raglup.medium.com/the-biggest-crypto-launch-in-history-prepare-now-for-hyperliquids-hype-token-airdrop-c824f4738add

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