Altcoins News
By Bruce Buterin
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What happened. Bitwise has flagged Hyperliquid's HYPE token as a potentially undervalued asset, even after the…
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The historical context. Bitwise's read on HYPE isn't without precedent. Crypto has a long history of assets that looked…
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Why it matters. The stakes here go beyond one token. If Bitwise is right, it says something uncomfortable about…
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What to watch. Trading volume on HYPE over the next stretch is worth watching closely.
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Can a token that's already up 77% in a single year still be cheap? Bitwise thinks so — and the firm is making that case loudly.
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Bitwise has flagged Hyperliquid's HYPE token as a potentially undervalued asset, even after the token posted a 77% gain so far this year.
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Bitwise's read on HYPE isn't without precedent. Crypto has a long history of assets that looked expensive on the surface but turned out to be dramatically mispriced relative to…
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Ethereum is the obvious example. Back in 2017, it was pretty much an afterthought next to Bitcoin — a niche platform that most traders dismissed.
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The stakes here go beyond one token. If Bitwise is right, it says something uncomfortable about how the market prices digital assets in general — that even a 77% rally can leave…
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That's a challenge to a lot of conventional thinking. Most investors treat a big run-up as a reason to wait for a pullback, not a reason to dig deeper.
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Read also: Zcash Jumps 88% in a Month While the Rest of Crypto Sits Flat
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For investors, the practical implication is real. Those willing to do the work — looking past the recent chart to what Hyperliquid is actually building and where it sits…
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And it's not just about HYPE. A Bitwise endorsement like this tends to pull attention toward the broader category of under-the-radar tokens that haven't yet attracted…
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Trading volume on HYPE over the next stretch is worth watching closely. A sustained uptick — not a one-day spike — would suggest the Bitwise view is gaining traction with actual…
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Related: South Carolina Bans CBDC Payments and Backs Crypto Mining in New Law
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