HYPE’s Q3 potential – Can it grow 10x and outperform Bitcoin?

Key Points

1. Hyperliquid processed over $214 billion in perpetual trading volume in the last 30 days, surpassing BSC ($44B) and Ethereum ($30B).

2. Crypto analyst Ansem believes HYPE is undervalued at a $10B-$15B market cap and could reach $100B this cycle, potentially outperforming Bitcoin.

3. Syncracy Capital's Ryan Watkins highlights Hyperliquid's strong position in perpetual markets and its no-KYC feature, making it attractive for restricted regions.

4. Recent price action for HYPE shows weak bullish sentiment, with key liquidity levels at $35.1, $41.6, $43, and $45.

5. A whale deposited $16.51M and opened a long bet on HYPE, with short-term price movements likely influenced by BTC's performance and liquidity pools.