Hyperliquid HYPE Price Projections Reach $353 and $6,454 If Matching XRP and Bitcoin Market Caps

Hyperliquid’s native token, HYPE, continues to draw attention with new comparisons to XRP and Bitcoin valuations.

A widely followed market watcher argues the asset may still be massively undervalued despite its explosive rally and recent all-time highs.

• Hyperliquid HYPE price model suggests massive upside if it matches XRP or Bitcoin market cap levels.
• Analyst Wise Advice projects HYPE could reach $353 with XRP cap and over $6,000 if it matches BTC.
• Token has surged to new highs near $64, outperforming most crypto and ranking ninth by market value.
• Strong buybacks and potential token burns are fueling scarcity-driven bullish sentiment around HYPE.

In a post on X, analyst Wise Advice compared HYPE’s current valuation to the market capitalizations of major cryptocurrencies. The analysis projects how high the token could climb if it matched the market caps of assets like XRP, Ethereum, and Bitcoin.

According to the analyst, if HYPE were to reach the same market cap as XRP, the token would trade around $353. Matching Bitcoin’s valuation would imply a staggering HYPE price of roughly $6,454.

Wise Advice outlined several hypothetical HYPE price levels based on the market caps of leading digital assets:

• TRX market cap ($35 billion) → HYPE at $144
• SOL market cap ($50 billion) → HYPE at $209
• XRP market cap ($85 billion) → HYPE at $353
• BNB market cap ($90 billion) → HYPE at $371
• ETH market cap ($255 billion) → HYPE at $1,072
• BTC market cap ($1.55 trillion) → HYPE at $6,454

The analyst argued that many investors still underestimate the long-term potential of perpetual futures trading, which has become one of the fastest-growing sectors in crypto.

The post questioned whether Hyperliquid is truly overvalued today, or whether the market is still underpricing how large decentralized perpetual trading platforms could eventually become.

The bullish projections come as HYPE continues to outperform most major cryptocurrencies.

While several digital assets have struggled in recent sessions, Hyperliquid has continued printing new all-time highs. HYPE has surged about 40% over the past week and roughly 51% over the past month. During this time, it climbed from below $38 to a record high near $64.

At the time of reporting, HYPE was trading around $63.82 with a market capitalization of approximately $16 billion.

The rally has pushed Hyperliquid past Dogecoin in overall crypto rankings, making it the ninth-largest cryptocurrency by market value.

Part of the optimism surrounding HYPE stems from Hyperliquid’s aggressive token buyback model.

Hyperliquid directs between 97% and 99% of trading fee revenue toward buying back HYPE tokens. Reports indicate that more than $1.16 billion worth of HYPE has already been repurchased.

In addition, a validator proposal introduced in December 2025 suggested burning nearly $1 billion worth of tokens held in the protocol’s inaccessible Assistance Fund. If approved, the move would permanently reduce circulating supply and potentially intensify scarcity.

Analysts believe the combination of rapid platform growth, strong trading activity, and continued token buybacks could keep upward pressure on HYPE if market momentum remains intact.