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About HOP

Hop is a multichain bridge connecting Ethereum with Layer-2 networks. Using Hop, users can send tokens almost instantly across networks instead of having to wait multiple days.There are two core pieces to the Hop protocol architecture that make this possible.A cross-network Hop bridge token that can be quickly and economically moved between L2's or claimed on layer-1 for its underlying asset.Automated Market Makers to swap between each Hop bridge token and its corresponding Canonical Token on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network.

Hop Protocol (HOP) is a cryptocurrency launched in 2022. HOP has a current supply of 1.00Bn with 0 in circulation. The last known price of HOP is 0.020521468263 USD and is 0.000379811654 over the last 24 hours. It is currently trading on active market(s) with $101,668.18 traded over the last 24 hours. More information can be found at https://hop.exchange/.

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HOP Price Statistics
HOP’s Price Today
24h Price Change
+$0.0003798116541.89%
24h Volume
$101,668.186.31%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#10272
HOP Market Cap
Market Cap
$0
Fully Diluted Market Cap
$20.52M
HOP Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
HOP Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
1.00Bn
Updated Dec 06, 2024 6:32 pm
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HOP
Hop Protocol
$0.020521468263
$0.000379811654(+1.89%)
Mkt Cap $0
There's nothing here for now
XRP News: XRP Bulls Face Challenges Amid Rising Bitcoin Dominance, Analyst Warns
XRP News: XRP Bulls Face Challenges Amid Rising Bitcoin Dominance, Analyst Warns
XRP traders may face significant risks if Bitcoin dominance continues its upward trend, according to Swyftx lead analyst Pav Hundal. Despite XRP's recent rally, which saw it hit a yearly high of $2.85 on Dec. 3, the token has since retraced nearly 18%, sparking concerns among leveraged traders banking on a rebound.Bitcoin Dominance: A Looming ThreatAt the time of writing, Bitcoin's dominance stands at 55.30%, down 5% over the past week. Analysts speculate that this metric could peak between 60% and 70% before altcoin capital rotations begin. Hundal warns that a rise in Bitcoin dominance could result in a "bloodbath of liquidations" for leveraged XRP positions, as traders shift their focus back to Bitcoin.“The real danger right now for highly leveraged XRP bulls is that Bitcoin dominance increases again. A rotation from XRP to Bitcoin would very likely lead to a bloodbath of liquidations,” said Hundal.Surge in Leveraged XRP PositionsData shows that XRP open interest (OI) — the total number of unsettled derivative contracts — hit $3.44 billion on Dec. 5, marking a $1.44 billion increase compared to its 2021 rally. Traders have increasingly "reloaded" long XRP positions, despite the token’s price moving lower, reflecting heightened speculative interest.“The market seems to have developed a thirst for leveraged long XRP exposure,” Hundal noted, adding that retail activity has surged, with open interest nearing double the levels seen in 2021.At publication, XRP is trading at $2.37. A further 7% decline to $2.18 could liquidate $104.4 million in long positions, amplifying volatility.Market Approaching 'Euphoria Territory'?XRP has gained significant momentum since the U.S. presidential election, with a 431% rally triggered by Donald Trump’s victory. However, Hundal believes the market may be nearing "euphoria territory," as traders' exuberance over-leveraged positions could lead to heightened risks.The XRP/BTC ratio, a measure of XRP’s strength relative to Bitcoin, has risen by 47.6% over the past 30 days, highlighting the token's robust performance. However, Hundal cautioned that stability in Bitcoin's price could be essential for easing market jitters.“If Bitcoin stabilizes, it could soothe nerves and spot volumes could pick up again,” Hundal said.Outlook for XRP BullsWhile XRP remains a favorite among retail traders, the combination of rising Bitcoin dominance, leveraged exposure, and high open interest levels suggests the potential for significant volatility. Traders are advised to monitor market trends closely as Bitcoin’s dominance and macroeconomic conditions play a pivotal role in shaping XRP's trajectory in the near term, according to Cointelegraph.
Dec 06, 2024 6:24 pm
Bitcoin News: Bitcoin Price Faces Liquidity Pressures Amid $10K Dip: Analyst Cautions Short-Term Pullback
Bitcoin News: Bitcoin Price Faces Liquidity Pressures Amid $10K Dip: Analyst Cautions Short-Term Pullback
Bitcoin’s (BTC) recent price rally faces a potential cooldown as global liquidity conditions shift, warns Jamie Coutts, chief crypto analyst at Real Vision. Despite reaching new all-time highs, Bitcoin’s short-term prospects could be hindered by macroeconomic factors and a strengthening U.S. dollar.Bitcoin Rally Hits Liquidity RoadblockCoutts highlighted Bitcoin’s resilience against a deteriorating liquidity backdrop, noting that while further gains are possible, the next two to three months could bring significant challenges. He pointed to his Bitcoin (BTC) MSI macro model, which turned bearish in mid-October, suggesting that Bitcoin’s rally may be running on “borrowed time.”“Bitcoin has hit new ATHs in the face of a deteriorating liquidity backdrop. If conditions worsen, the rally, while euphoric, can only last for a limited time,” Coutts explained on X (formerly Twitter).Flash Volatility Raises ConcernsOn Dec. 6, Bitcoin (BTC) experienced sharp intraday volatility, with prices briefly dipping $10,000 in what traders dubbed a “Darth Maul” candle. The sudden correction liquidated hundreds of millions of dollars in both long and short positions, amplifying market uncertainty.Liquidity and Dollar Strength Pose RisksCoutts emphasized that liquidity metrics, which have shown sustained bearish momentum since October, often lead to Bitcoin’s (BTC) poorest returns. His analysis suggests that Bitcoin price movements lag behind liquidity changes by approximately two months, indicating potential pressure in the near term.Adding to the uncertainty, the U.S. dollar index (DXY) recently touched its highest levels since November 2022. A sustained breakout in the DXY could trigger a sharper pullback across risk assets, including Bitcoin. However, Coutts remains cautiously optimistic, hoping the dollar’s strength is a “fake breakout.”What’s Next for Bitcoin?Bitcoin’s (BTC) current price near $98,000 underscores its resilience, but analysts urge caution. Factors such as global liquidity, dollar strength, and macroeconomic conditions will play pivotal roles in shaping Bitcoin’s trajectory as it approaches 2025. While long-term prospects remain bullish, traders should brace for potential short-term turbulence.
Dec 06, 2024 6:20 pm

Frequently Asked Questions

  • What is the all-time high price of Hop Protocol (HOP)?

    The all-time high of HOP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Hop Protocol (HOP) is 0. The current price of HOP is down 0% from its all-time high.

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  • How much Hop Protocol (HOP) is there in circulation?

    As of , there is currently 0 HOP in circulation. HOP has a maximum supply of 1.00Bn.

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  • What is the market cap of Hop Protocol (HOP)?

    The current market cap of HOP is 0. It is calculated by multiplying the current supply of HOP by its real-time market price of 0.020521468263.

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  • What is the all-time low price of Hop Protocol (HOP)?

    The all-time low of HOP was 0 , from which the coin is now up 0%. The all-time low price of Hop Protocol (HOP) is 0. The current price of HOP is up 0% from its all-time low.

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  • Is Hop Protocol (HOP) a good investment?

    Hop Protocol (HOP) has a market capitalization of $0 and is ranked #10272 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Hop Protocol (HOP) price trends and patterns to find the best time to purchase HOP.

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