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Ansem: Hyperliquid is currently equivalent to SOL at $20 in 2023

BlockBeatNews
BlockBeats News, May 21 — Crypto KOL Ansem (@blknoiz06) pointed out in a post that Hyperliquid's current circulating market cap is roughly equivalent to Solana's market cap when Solana was priced at about $20 in October 2023, and that Solana subsequently increased from $20 to $200 in less than six months.
HYPE14.01%
SOL1.66%
View Original
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DeltaSmile
· 3h ago
Solana was then priced extremely pessimistically after FTX's bankruptcy; HYPE's current sentiment isn't bad.
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MemeSourdough
· 3h ago
This kind of historical mapping is the easiest to deceive people; each cycle's narrative is different.
View OriginalReply0
StakingDaydreamer
· 3h ago
HYPE is currently quite popular, but on-chain data compared to Solana back then is still in its infancy.
View OriginalReply0
GateUser-6da8ed4c
· 3h ago
It's just a comparison of market cap, what about FDV?
Have you looked at the unlock pressure?
View OriginalReply0
Stop-LossAtTheEdgeOfTheLava
· 3h ago
10x is not that easy to replicate, the Hyperliquid ecosystem is far behind what Solana was back in the day.
View OriginalReply0
CoconutWaterChillSquad
· 3h ago
Ansem, this comparison is a bit interesting, but whether Solana in 2023 is a dead cat bounce or a true reversal is still different depending on the current perspective.
View OriginalReply0

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