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Hyperliquid and AI tokens lead next altcoin rally as risk appetite returns in crypto markets.

Analyst Insights
23 May 2026
Coindesk
View Source
Bullish
pluang ai news

Hyperliquid's HYPE token surged to a new high following the launch of two ETFs in the U.S., driven by European traders seeking access to perpetual futures. Analyst Michael van de Poppe highlights Hyperliquid's role in accelerating tokenization trends and expects HYPE could reach $100 if market appetite grows. He favors Solana as a stronger long-term blockchain bet and sees AI-linked tokens like NEAR and Bittensor as undervalued opportunities amid growing ecosystem adoption. Privacy concerns and macroeconomic factors like bond yields and central bank policies remain key influences on crypto market dynamics.

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