Web3AI: The Breakout Crypto Gaining Ground as Pi Network and Hyperliquid Stall – Coincu
The post Web3AI: The Breakout Crypto Gaining Ground as Pi Network and Hyperliquid Stall – Coincu appeared on BitcoinEthereumNews.com.
When trust wavers, utility becomes the deciding factor. While Pi Network struggles to define its roadmap and Hyperliquid faces backlash over centralized interventions, projects offering tangible tools and real-time insights are gaining favor. Web3AI stands apart by shifting focus from hype to functionality, anchoring its value in a full suite of AI-driven trading, risk management, and data analysis tools. With its $WAI token still in early presale and a complete rollout slated for Q3, it’s positioning itself as a breakout crypto with actual user utility. For investors tired of waiting, Web3AI presents a more structured and measurable opportunity. Hyperliquid (HYPE) Price Faces Volatility Hyperliquid’s vault, once boasting a total value locked (TVL) of $540 million, has seen a sharp decline to $150 million following a controversial incident involving the JELLY token. Specifically, a trader exploited price discrepancies by shorting JELLY on Hyperliquid while simultaneously purchasing it on illiquid decentralized exchanges. As a result, this manipulation misled the platform’s oracle system, resulting in significant losses for the vault. In response, Hyperliquid intervened by delisting JELLY and settling its price at $0.0095, diverging from the inflated $0.50 value reported by oracles. While this move mitigated immediate financial damage, it raised serious questions about the platform’s commitment to decentralization. Consequently, critics argue that such centralized decision-making contradicts the principles of decentralized finance (DeFi), leading to a loss of user trust. As a result, the yield from the vault has plummeted to around 1%, making traditional banking options more appealing to investors. Nevertheless, despite these challenges, the Hyperliquid (HYPE) price has shown resilience, trading at approximately $15.04 with a 24-hour trading volume of $146 million. However, the platform’s reputation and user confidence remain at a crossroads. Pi Network’s Uphill Battle: Can It Deliver or Will Others Take the Lead? Pi Network’s mobile mining model…
Filed under: News - @ April 17, 2025 1:25 am