3 Cryptocurrencies With Sky-High Valuations That Might Not Be Worth the Risk

In the crypto market, there's been slim pickings this year. Many top cryptocurrencies are down anywhere from 20% to 50%, and are showing little sign of turning around anytime soon.Aside from Bitcoin (CRYPTO: BTC), it's difficult to find any solid investment prospects. While a few high-flying names have soared in value this year, many of them might not be worth the risk. Let's take a closer look.First up is Hyperliquid (CRYPTO: HYPE). If the ticker symbol for this cryptocurrency doesn't raise a red flag, I don't know what will. Out of seemingly nowhere, Hyperliquid is up 65% for the year, and now ranks as the 11th-largest cryptocurrency in the world, with a staggering $13 billion valuation. While Hyperliquid has been around for several years, the HYPE token only launched in late November 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool