Analyst: HYPE and AI Tokens May Lead the Next Altcoin Rally, Market Risk Appetite Returns
Odaily Planet Daily News: Hyperliquid has recently significantly outperformed the overall market. Its token, HYPE, hit a new all-time high after two related ETFs were launched in the United States, while European traders are increasingly flocking to the platform due to restrictions on accessing perpetual contracts on regulated platforms. 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 return in risk appetite within the altcoin market. Hyperliquid's expansion into tokenized stocks, commodities, and Pre-IPO assets is strengthening the on-chain asset tokenization trend, and he suggested that with improving market sentiment, HYPE's price could target $100 or even higher.
However, Michael van de Poppe also emphasized that while Hyperliquid holds 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 track, he pointed out that NEAR Protocol and Bittensor remain significantly undervalued, noting a disconnect between their fundamental growth and valuations. Specifically, NEAR's revenue growth potential and Bittensor's subnet expansion could support higher valuation ranges. Additionally, he indicated that the privacy track still holds long-term demand, but fully anonymous systems face regulatory pressure. The future is more likely to be dominated by zero-knowledge proofs and compliant privacy solutions.
On a macro level, Michael van de Poppe noted that bond yields and central bank policies remain the core drivers of the crypto market, with changes in Japanese government bond yields potentially serving as a key bellwether. (CoinDesk)
