HYPE’s Q3 Surge: Is a 10x Rally on the Horizon to Crush Bitcoin?

HYPE’s Q3 potential isn’t just buzz—it’s a moonshot bet that’s got traders whispering ‘altseason.’ Can this underdog really 10x while Bitcoin stumbles? Let’s break it down.

Why HYPE Could Explode

Forget ‘store of value’—HYPE’s playing a different game. Its ecosystem’s adding defi protocols faster than Wall Street can mint synthetic ETFs. Tokenomics? Tight. Community? Rabid. The only thing louder than the hype is the FOMO.

The Bitcoin Factor

BTC’s dominance looks shaky as institutional money plays ping-pong with ETFs. If capital rotates into alts, HYPE’s got first-mover advantage in its niche—and niches print generational wealth (or bagholders, depending who’s asking).

Risky Business

Let’s not pretend this isn’t casino mode. Tenfold gains require perfect alignment: BTC stability, dev delivery, and—let’s be real—a few influencer tweets. One regulatory sneeze could send this back to meme status.

Bottom Line: HYPE’s either Q3’s golden ticket or a cautionary tale waiting to happen. But in a market where ‘fundamentals’ means ‘whose narrative sticks,’ would you bet against it?

Source: DeFiLlama 

Additionally, the on-chain DEX is now ranked seventh among top crypto apps and chains with the highest revenues in the last 30 trading days.

It raked in $62.5 million in fees over the past month and over $300 million in cumulative revenue. This makes it a strong investment candidate based on performance and fees alone. 

Is HYPE a great buy for Q3?

According to crypto analyst and influencer Ansem, HYPE’s press time valuation at a $10B – $15B market cap is grossly undervalued. He added, 

“Main trade in Q3 should be looking for swing longs here, will easily outperform Bitcoin & there’s still a ton of ppl sidelined on this trade.”

In fact, he speculated that HYPE could reach a $100 billion market cap this cycle. That WOULD imply about $299 per HYPE if the $100 billion market cap is hit.

In fact, Syncracy Capital’s Ryan Watkins also subscribes to a similar thesis, citing Hyperliquid’s likely extended moat in perpetual (perps) markets. 

For the unfamiliar, perps are derivative instruments that allow traders to speculate on price without directly owning the underlying asset and with no expiry like option contracts. 

Perpetuals’ high leverage structure has made it popular for those seeking to magnify their profits. In addition, Hyperliquid’s no-KYC makes it the perfect avenue for those in restricted areas. In fact, a Jump Trading exec recently called it a “meaningful competitor to Binance.”

Still, some have projected a short-term risk as Robinhood and Coinbase unveil similar but regulated perps products.

That being said, HYPE’s recent price action has flashed weak bullish sentiment lately. Perhaps mirroring broader sluggishness at the end of Q2. 

In fact, according to CoinGlass’s 30-day liquidation heatmap, the main liquidity and potential price magnets were at $35.1, $41.6, $43 and $45. 

Source: CoinGlass

This implied that in a liquidity sweep scenario, HYPE could tag $43 or $45 before easing to $35, or begin with $35 before climbing up. Interestingly, a whale deposited $16.51M and opened a long bet on HYPE.   

While the bet’s outcome will depend on BTC’s next move, the aforementioned liquidity pools will be key price levels in the short term.