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Hyperliquid's HYPE price rises on upgrade to decentralized prediction markets, aiming to rival Polymarket.

Protocol Fundamentals
21 Jul 2026
Coingape
View Source
Bullish
Hyperliquid's HYPE price rises on upgrade to decentralized prediction markets, aiming to rival Polymarket.

Hyperliquid's HYPE token price increased by 4.77% amid the launch of the HIP-4 upgrade, which introduces decentralized prediction markets allowing anyone staking 500,000 HYPE tokens to create wagers. This expansion aims to compete with platforms like Polymarket and Kalshi. Despite the price rise, institutional demand is waning as HYPE ETFs experienced outflows recently. Technical analysis shows HYPE testing key resistance at $64, with potential to reach $70 if it breaks above. Artemis CEO forecasts a long-term price target of $230 by 2030, citing significant revenue growth potential for Hyperliquid.

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