Altcoins Soar: Hyperliquid, Sui, Mantra Hit Worth Peaks as Bitcoin Breaks Above $100K

• HYPE, SUI, and OM surged to new all-time highs up to now 24 hours.
• HYPE surged 29.77% up to now day with the largest-ever token airdrop.
• SUI rose to $4.86 amid the surge in its TVL and rising buyers’ curiosity.

Altcoins reached new highs as Hyperliquid (HYPE), Sui Community (SUI), and Mantra (OM) surged to all-time worth information within the final 24 hours. The broader digital asset market restoration, led by Bitcoin’s (BTC) climb above $100,000 to a peak of $101,913.36, has pushed these altcoin rallies and strengthened bullish momentum.

Hyperliquid (HYPE)

HYPE jumped 29.77% up to now 24 hours and is buying and selling at a brand new all-time excessive of $17.48, giving it a market cap of $4.73 billion after rising 446.07% within the final 30 days, based on CoinMarketCap knowledge. The crypto undertaking launched the largest-ever airdrop, price $1.2 billion, contributing to the value surge.

The Relative Power Index (RSI) for HYPE is at the moment overbought, studying a worth of 77.98. Such overbought ranges are sometimes adopted by a worth correction and buyers should be cautious whereas opening a place. 

Sui (SUI)

SUI surged 30.51% up to now 24 hours and dropped to $4.80 on the time of writing after claiming an all-time excessive of $4.86. The layer-1 blockchain was lately built-in by Backpack Alternate, a digital asset platform, which recorded $60 billion in buying and selling quantity. Furthermore, as per DefiLlama knowledge, Sui Community ranks beneath Hyperliquid because the ninth-largest protocol by Complete Worth Locked (TVL) which stands at $1.87 billion. 

The RSI for SUI reads 72.66 which signifies that the digital asset is overbought. This rally would possibly proceed for a brief interval till the merchants begin to take revenue and the altcoin exams the closest assist earlier than skyrocketing additional.

Mantra (OM) Worth Surge

OM is buying and selling at $4.20, up 2% up to now 24 hours, and claimed a brand new all-time excessive of $4.60 round 13 hours in the past. The digital asset skyrocketed amid the current surge within the reputation of protocols targeted on the tokenization of real-world property (RWA). 

The RSI for OM reads a worth of 63.28 which signifies that the bulls are general in charge of the altcoin’s worth motion and the gradient of the road suggests {that a} minor correction could be witnessed earlier than the altcoin strikes increased.