Expert Says AI Crypto Projects Could Lead Next Market Rally

A well-known crypto trader believes that AI-related cryptocurrencies and a project called Hyperliquid could lead the next big rally in alternative cryptocurrencies (altcoins - cryptocurrencies other than Bitcoin).

What's Happening with Hyperliquid

Hyperliquid's token, called HYPE, just hit its highest price ever after two investment funds (ETFs - funds that trade on stock exchanges) launched in the United States. The trader, Michael van de Poppe, thinks HYPE could reach $100 or more if investor interest continues growing.

Hyperliquid is popular because it lets people trade perpetual futures (contracts that let you bet on price movements without owning the asset). Many European traders use it because similar trading is restricted in Europe.

Why AI Crypto Projects Look Attractive

Van de Poppe believes AI-related crypto projects are deeply undervalued compared to traditional AI companies. He highlighted two projects: • NEAR - Expected to grow revenue from $10 million to $100 million this year • Bittensor - Could reach prices between $1,000-$2,000 if adoption continues

These AI crypto projects have fallen in price recently, even though they're still growing and improving.

The Bigger Picture

While van de Poppe sees short-term opportunities in Hyperliquid, he believes Solana (another major cryptocurrency) is a better long-term investment. He thinks Solana is successfully transitioning from a speculative platform to one that institutions trust.

The trader's main point: investors are becoming more willing to take risks again, which could mean higher prices for many alternative cryptocurrencies.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/markets/2026/05/23/crypto-trader-sees-hyperliquid-ai-tokens-leading-next-altcoin-rally