The DEX market has really gone crazy lately. Hyperliquid's HYPE reached a new high of $59, rising 8% in a day, while ASTER is even more exaggerated, with CZ's statement causing it to surge by 350%. Both projects adopt a fee-sharing and deflationary model, which means that when the platform makes money, it distributes it to token holders. HYPE has real income backing it up, with $250 million collected just from fees in the third quarter, and Arthur Hayes even mentioned that there is a potential for a 126-fold increase. ASTER relies entirely on celebrity effect; CZ's influence in the crypto world is at a nuclear weapon level. In such extreme market conditions, the key is to act fast. HYPE can be cautiously tested in the $57.5 to $58 range, and if it breaks past the previous high of $59.3, then increase the position, with leverage of 10 to 15 times being relatively appropriate. ASTER carries greater risk but also more attractive returns; a pullback to around 0.45 can be a gamble, with leverage going up to 20 to 30 times, but remember this is pure gambling, and if you lose, don't blame the market.
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