Is HYPE The Most Underrated Altcoin??

Unless you have been living under a rock for the last two years, you will be fully aware of just how much potential Hyperliquid has displayed since its token? launch in November 2024.

Those of you who are Hyperliquid maxis will say that this DEX? revolution happened in 2022, when Jeff Yan launched the perp DEX? as an antithesis to the toxicity and capitulation of FTX, but it was the launch of the native token? HYPE that really put the project into the eyes and ears of those in the cryptocurrency? space.

Despite this adulation and its status as one of the most talked about altcoins, many still believe it is the most underrated.

It’s not just those with a vested interest; those who have been holding onto their lucrative airdrop since November 2024, there are many industry experts who have done a deep dive into Hyperliquid and believe that, at its current valuation, it is undervalued. So, what are some of the factors to consider, and how high could the price potentially go? Let’s take a look.

HIP-4 Potential

While the cryptocurrency? market is certainly no stranger to the rise of betting and gambling, some of the bigger projects have been reluctant to put their weight behind the idea.

Online casinos and cryptocurrency? have been overlapping for over a decade now, but it was only at the beginning of the last bull run that we saw the casino gaming market explode into this new niche. Real casino games still maintain the fabric of their initial design and implement many of the features and ideas that have made them such a hit in the newly shaped digital economy.

However, as this market has shifted significantly since 2023, with prediction markets, casino games, and gambling comprising an enormous part of the sector, HIP-4, which is short for Hyperliquid Improvement Proposal (number 4), is looking to integrate this fast-growing and multi-billion-dollar sector that has emerged within the digital asset ecosystem since the beginning of this decade.

The Promise Of Season 3

With over 30% of HYPE tokens still allocated to their community, there’s been a whole host of theories and speculation surrounding a potential season 3 airdrop. As you can see in the link below, incentivizing usage and offering a route to reward those who access a platform is an idea that occurs throughout the vast universe of the entertainment industry.

Throughout 2023 and 2024, there were so many projects that overpromised and undelivered, and out of all those that performed an airdrop, you could probably count on one hand those that actually had an airdrop that showed that they placed enormous weight on the value of the community.

Following the launch of their NFT? project in 2025, many traders on the platform believed Season 3 was on the way to reward their 2025 activity. However, the 1-year anniversary of the airdrop passed, as did the timescale for New Year's Day and Chinese New Year, both of which gained traction as potential airdrop dates. These things can change quickly in crypto, and if S3 does happen this year, and reward activity, then this could inject an enormous wave of fresh capital into Hyperliquid.

Weighing Up The Competition

US-based altcoin? projects such as Cardano and XRP still have a larger market cap than Hyperliquid, but some in the industry believe Hyperliquid could rise from the $30 range to $150 per token?, according to experts like Arthur Hayes.

While he is no stranger to making outlandish price predictions, Hyperliquid is one of the few projects in crypto that has showcased a profitable model, one that continues to grow, and now has its sights set on traditional finance and commodities, whether it’s stocks and oil, or budding markets like predictions and outcomes markets.

If the team at Hyperliquid can get these multiple facets off the ground, then the road to becoming a top 5 crypto token? over the next decade becomes a whole lot clearer. Even taking a quick look at the other alts, Dogecoin, TRON, BNB, or Solana, all top projects, but there’s a great chance that Hyperliquid could perform them all if it carries on its current trajectory.

Final Say

Even amid Bitcoin? losing momentum and going from an