The Top Cryptocurrency to Buy and Hold Right Now
Yahoo Finance ·
Crypto bear markets, like the one we're in right now, have a way of separating the wheat from the chaff in terms of what's worth investing in. While the popular coins of yesteryear that were held up merely by the market's hot air have now collapsed, many of them by 90% or more, a new generation of quality assets is rising, and they're avoiding the flaws that made their predecessors also prone to having their value evaporate when the market cools. One of those rising challengers is Hyperliquid ( HYPE +2.06% ) , and it's the top cryptocurrency to buy and hold at the moment. Here's what's special about it. Hyperliquid is a decentralized exchange for financial derivatives that runs on its own blockchain . Users trade its most popular type of derivatives, perpetual futures, as well as spot token pairs, tokenized commodities, tokenized stocks, and even prediction markets, all from one platform. Much as a company can buy back shares of its own stock to reduce the shares in circulation and thereby make the remaining shares more valuable, 99% of the platform fees on Hyperliquid go toward buying the network's native token, Hype, on the open market. With more trading, more fees are generated, which in turn creates more buyback pressure. Around 46.8 million Hype, or 15.7% of its circulating supply, worth around $3.1 billion, has been bought back since the network's launch in late 2024.
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