tl;dr: For those who missed $HYPE pump by hyperliquid, I feel this might be the best opportunity to buy some $LOGX and get the similar exit.
Why do I feel LogX is the next HYPE or even bigger ?
– There are many similarities between projects backing these tokens. HYPE is native token of the biggest defi exchange – hyperliquid. As the name suggests, Hyperliquid is known it’s extremely liquidity and fast orderbook perpetuals and spot markets. LogX network is also moving towards similar direction. It also offers faster trading experience for perpetuals, even better than hyperliquid.
– Hyperliquid was just limited to perpetuals and spot. LogX is the first defi exchange to offer more than 20 meme pairs for leveraged trading. They have also launched options and seem to be the best decentralised binary options in the market.
– LogX has also started entering into RWA domain by launching GOLD, EURO, JPY leveraged markets making it’s valuation even higher.
– Both Hyperliquid and LogX are chain of their own which means for upper bound for their valuation will be significantly higher (~ in billions) than for any similar dapp.
– Similar to HYPE, LOGX has also started showing significant uptrend even during days when major coins like BTC, ETH, SOL are going down. This shows the real potential of the project and it’s community.
– Similar to hyperliquid they are bringing pre-markets. Now, if they bring pre-markets for meme coins, the LOGX token and the platform is going to explode.
What I am still not sure about ?
– Currently, the volumes on LogX network exchange is very low compared to Hyperliquid. Although it is growing day by day still I am not sure it this will affect it’s valuation.
– Community sentiment on coinmarketcap is 93% bullish for LOGX and I feel there is some correlation between market prices and the community sentiment. Though I need more data points for validating this.
Let me know what are your thoughts and if I am missing something in my analysis. Overall I am pretty bullish on this token given that I was able to buy it at ATL and have made decent profits till now.
submitted by /u/Defiant_Revolution44
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