Cat’s Exuberant, Hyperliquid Virtuals Surge as Bitcoin Exceeds $100K

Cryptocurrency prices maintained a stable trend on Saturday, Dec. 14, as the recent consolidation phase persisted.

Bitcoin (BTC), the largest cryptocurrency by market capitalization, continued to hover above $101,382 during the last check on Saturday while trying to retest its all-time high of $104,000. VanEck forecasts that the coin could surge to $180,000 by 2025.

Happy Cat, Hyperliquid, Virtuals lead as Bitcoin steadies above $100k - 1
Source: CoinGecko

Some of the top performers on Saturday included Happy Cat (HAPPY), HyperLiquid (HYPE), and Virtuals Protocol (VIRTUAL).

Happy Cat’s Price Surges After Uphold Listing

HAPPY, a rapidly expanding meme coin in the Solana ecosystem, saw a 35% increase, while HYPE and Virtuals experienced jumps of 15% and 10%, respectively. Other notable gainers included Raydium, Ripple, Fantom, and Flare.

The surge in Happy Cat’s token price was primarily attributed to its recent listing on Uphold, one of the leading cryptocurrency exchanges in the market. Altcoins frequently see price surges following a listing on major exchanges.

However, there is a risk to consider: the number of tokens on exchanges increased by 14% over the past week, reaching over 464.95 million. Such an uptick in token availability on exchanges can often indicate that investors are beginning to sell.

Happy Cat, Hyperliquid, Virtuals lead as Bitcoin steadies above $100k - 2
Source: CoinGecko

Hyperliquid Network Sees Significant Volume Increase

Hyperliquid’s value rose significantly due to its robust fundamentals. Over the past week, the volume of perpetual contracts traded on its platform surged by 33%, reaching $37.62 billion.

This uptick brought its cumulative trading volume to over $507 billion, indicating a continuation of this trend. Its trading volume has also surpassed that of Base, Solana, Ethereum, and Arbitrum combined.

Additionally, Hyperliquid’s token price increased after it was listed on Sandwich, an emerging privacy-centric exchange.

Happy Cat, Hyperliquid, Virtuals lead as Bitcoin steadies above $100k - 3
Source: CoinGecko

Virtuals Protocol Achieves $2.5 Billion Market Capitalization

Virtuals Protocol has also performed strongly, with its price climbing from $0.0074 to $2.61 today, resulting in a market capitalization exceeding $2.5 billion.

This progress has established it as a major player in the Base blockchain, bolstered by the growing excitement around artificial intelligence applications.

Virtuals Protocol
Source: CoinGecko

Virtuals Protocol serves as a platform to deploy AI-driven virtual characters on a Layer 2 Ethereum solution.

These AI agents are capable of operating autonomously and engaging within various ecosystems.

In the coming days, the performance of many altcoins will largely hinge on Bitcoin’s movements. If Bitcoin successfully retests and exceeds its all-time high, most altcoins are likely to follow suit.

As previously discussed, technical indicators suggest a potential rally to $122,000 during this bullish market cycle.

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