It’s fairly troublesome to identify a preferred cryptocurrency whose value hasn’t tumbled by 20% or much more in the previous few weeks.
Hyperliquid (HYPE), although, is an evident exception, and its strong efficiency has brought on analysts to check additional beneficial properties within the close to future.
The Lone Survivor
Bitcoin (BTC) has crashed to a 14-month low of round $69,000, Ethereum (ETH) is struggling to maintain the $2,000 stage, whereas Ripple’s XRP and Solana (SOL) have plummeted by 27% prior to now seven days. Nevertheless, Hyperliquid (HYPE) has by some means defied the continued bloodbath and at present trades at round $32, representing a 50% enhance on a two-week scale.
Its robust efficiency comes amid a string of constructive developments surrounding the ecosystem. Earlier this week, Ripple introduced that its institutional prime brokerage platform (known as Ripple Prime) enabled help for Hyperliquid. In the meantime, Grayscale lately revealed that it was inspired by the rise in perpetual futures buying and selling for non-crypto property on the decentralized trade.
Earlier than that, on-chain knowledge revealed rising curiosity in HIP-3 exercise amid skyrocketing buying and selling quantity and open curiosity. These metrics continued to extend because the market tumbled prior to now few days, reaching new peaks of $1B in OI and $4.8B in 24-hour quantity.
HYPE has been the topic of quite a few optimistic predictions, and plenty of analysts consider there’s gas left for extra beneficial properties. The analyst, utilizing the X moniker Crypto Normal, expects volatility forward and an eventual explosion above $100 later this yr. Talking on the matter was additionally Zach, who argued there are “so many causes to purchase and maintain HYPE.”
There are such a lot of causes to purchase and maintain $HYPE.
The extra it takes over market share and quantity, the larger the buybacks are, which is likely one of the causes it’s so robust.
Actually would like to get a spot entry round yearly open of $25 however who is aware of if it’ll come
— Zach (@CryptoZachLA) February 4, 2026
The favored analyst Crypto Tony chipped in, too, suggesting that HYPE might do “magical issues when the market situations are proper.” These focused on extra bullish forecasts for the token can learn our devoted article right here.
Can It Comply with the Pack?
You will need to be aware that the broader crypto market stays shaky, and sustained bearish situations might ultimately weigh in on HYPE as properly.
Some analysts consider this can be a doubtless end result. The one utilizing the X deal with, Greeny, predicted that the native token of Hyperliquid might plummet to $20 later in 2026.
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