Odaily Planet Daily reports that Hyperliquid has recently outperformed the broader market, with its token HYPE reaching an all-time high following the launch of two related ETFs in the U.S. At the same time, European traders are increasingly migrating to the platform as access to perpetual contracts on regulated platforms becomes restricted. Market analyst Michael van de Poppe noted that as Hyperliquid continues to rise and AI-related crypto projects regain attention, signs of renewed risk appetite are emerging in the altcoin market. He added that Hyperliquid’s expansion into tokenized stocks, commodities, and pre-IPO assets is reinforcing the trend of on-chain asset tokenization, and that if market sentiment continues to improve, HYPE’s price could reach $100 or higher.
However, Michael van de Poppe also emphasized that while Hyperliquid has a short-term advantage, Solana offers greater long-term investment certainty as it transitions from a speculative ecosystem to institutional-grade infrastructure. Regarding the AI sector, he noted that NEAR Protocol and Bittensor remain significantly undervalued, with their fundamental growth outpacing current valuations; NEAR’s potential for revenue growth and Bittensor’s expansion of subnets could support higher valuation ranges. Additionally, he stated that privacy remains a long-term demand driver, but fully anonymous systems face regulatory pressure, making zero-knowledge proofs and compliant privacy solutions more likely to dominate the future.
On a macro level, Michael van de Poppe noted that bond yields and central bank policies remain core drivers of the crypto market, with changes in Japanese government bond yields potentially serving as a key indicator. (CoinDesk)