Hyperliquid has announced a new collaboration with ANIME token to establish a decentralized anime ecosystem. The collaboration will include an ANIME airdrop for HYPE stakers.
The news has given the price $HYPE a much-needed boost with the token trading at $20.34, up 1.24% compared to the same time last day.
HYPE Stakers To Get Exclusive Airdrop
Hyperliquid has teamed up with ANIME, the token powering an open animation universe owned and supported by Azuki. The token generation event (TGE) will include an ANIME airdrop for HYPE stakers.
By distributing 50.5% to the community, ANIME, which launches on Ethereum and Arbitrum, turns anime into a decentralized creative economy. Fans from the anime, Hyperliquid, and Arbitrum communities are welcome to participate in the event.
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Hyperliquid Clears Dust On Its Validator Selection Procedure
Hyperliquid’s collaboration news with ANIME, which has given investors a slight optimistic boom, comes after it had previously faced concerns over its validator selection procedure.
In response to these community concerns and misunderstandings, Hyperliquid released an important explanation.
Claims that positions could be bought were categorically denied by the blockchain project while it declared that validator positions were acquired exclusively through testnet performance criteria.
Additionally, their Foundation Delegation Program, which supports top-performing validators in an effort to bolster network decentralization, is also part of the transparency project.
Although the example client code now in use points to certain servers, the platform has also confirmed the flexibility of its API system by stating that operators can run API servers pointing to any node.
Hyperliquid’s Market Decline
Due to these concerns and market rumors, Hyperliquid’s market capitalization has dropped below $7 billion, placing the asset in 25th place among cryptocurrencies.
The $HYPE token is currently seeing a 17% weekly slump and is down 4.5% this month.
Technical analysis is displaying conflicting indications in spite of the current slump. On the one hand, the BBTrend exhibits positive indicators, suggesting the possibility of stabilization and a reversal if buying pressure develops, while the Directional Movement Index (DMI) shows that negative momentum is getting stronger.
Apart from these, the Fear & Greed Index is currently at 61 (Greed), and the sentiment is bearish based on other technical indicators. In the past 30 days, Hyperliquid has experienced 11.72% price volatility and 16/30 (53%) green days.
Four technical analysis indicators indicate positive indications, while thirteen indicate bearish signs, indicating a generally unfavorable mood for Hyperliquid price predictions.