Analysts: HYPE and AI Tokens May Lead the Next Altcoin Rally as Market Risk Appetite Returns

Odaily Planet Daily reported that Hyperliquid has significantly outperformed the broader market recently, with its token HYPE reaching an all-time high following the launch of two related ETFs in the United States. Meanwhile, European traders are accelerating their flow to the platform as access to perpetual contracts on regulated platforms is restricted. Market analyst Michael van de Poppe stated that as Hyperliquid continues its upward trend and AI-related crypto projects regain attention, there are signs of a recovery in risk appetite within the altcoin market. Hyperliquid’s expansion into tokenized stocks, commodities, and pre-IPO assets is strengthening the trend of on-chain asset tokenization. He also mentioned that with improving market sentiment, the price of HYPE could potentially reach $100 or even higher.

However, Michael van de Poppe also emphasized that while Hyperliquid has a short-term advantage, Solana offers greater investment certainty in the long term, transitioning from a "speculative ecosystem" to institutional-grade infrastructure. In the AI sector, he pointed out that NEAR Protocol and Bittensor remain significantly undervalued, suggesting a disconnect between their fundamental growth and valuations. Among them, NEAR's revenue growth potential and Bittensor's subnet expansion could support higher valuation ranges. Additionally, he noted that the privacy sector still has long-term demand, but fully anonymous systems face regulatory pressure. In the future, the sector is more likely to be dominated by zero-knowledge proofs and compliance-focused privacy solutions.

On a macro level, Michael van de Poppe indicated that bond yields and central bank policies remain core drivers of the crypto market, with changes in Japanese government bond yields potentially serving as key indicators. (CoinDesk)