Few cryptocurrency projects have been able to grab the industry in the way Hyperliquid has managed since the end of 2024. Although it might look like a humble L1 on the face of it, with its main selling point being a perps DEX that isn’t really that transformative in comparison to some of the rest of the competition, it’s when we take a look under the proverbial bonnet that we truly see just how much potential it has.

There’s a reason that the price of Hyperliquid has been rocketing ever since their landmark airdrop at the end of 2024. It is a project that continues to go from strength to strength and surpass the expectations set by some of the most ardent Hyperliquid maxis. 

Expanding Into New Areas & Ideas

For a cryptocurrency project to expand its reach and target some of the largest coins in the industry, it needs to have a unique angle that helps endear it to a broader audience. Despite the vast potential of Hyperliquid, it’s a product primarily used by those with a firm grasp of perp trading, with a number of professionals and whales utilizing the platform to conduct the bulk of their trading.

However, let’s examine the success of Bitcoin and Ethereum, the two leading assets in the space. It’s their ability to adapt to changing times and their increased acceptability among a wider audience. 

Casino gaming is one area where digital assets have successfully captured their crossover appeal. By utilizing the blockchain and removing conventional barriers, all that cryptocurrency casino players need to do is fund their wallet, connect it to their chosen site, and start playing immediately. 

We’re not saying that the emergence of Joe Fortune Crypto Casino is the reason that Bitcoin and Ethereum have sailed to new all-time highs, but the fact that so many people are seeking out ways to play casino games with their digital assets is a trend that could help Hype enter a new market, and a subsequent price discovery range if it becomes a token that people use to place their bets. 

HypurrNFT

The almost perfect execution of the Hyperliquid airdrop has sparked a flurry of speculation about the highly anticipated Hypurr NFT, which was promised to users as part of the initial airdrop. Since November, the team has remained tight-lipped on what the NFT could entail, whether there will be special versions of 5,000 set to be minted, or special editions that some believe could be worth six figures. 

With the current on-chain auction price between $30,000 and $50,000, it wouldn’t be a stretch to see the NFT selling for this price, so long as the market remains bullish, then it could see half a billion dollars of fresh liquidity pouring into Hyperliquid. 

While this might not mean that users immediately convert their NFT for Hype, if it is well executed and well timed, it could easily be the catalyst that helps push Hype into the $60-$70 range, which is where it needs to be if it is going to break into the top 10.

Another Airdrop On The Cards?

Obtaining information from the Hyperliquid team is a challenging task. Although the official line is that there are no plans for another airdrop, eagle-eyed investors who have scoured through the terms of their first airdrop have noted that less than half of the available tokens earmarked for an airdrop have actually been airdropped.

Now, this new airdrop might have an entirely different set of criteria; it might be broken into three separate events between now and the end of the decade, or it might be specific to the team or those building innovative projects on the rapidly growing EVM. 

Nobody knows. It’s pure speculation at the moment, but if they airdrop half of what they did in the first round, then this could result in $10 billion flowing onto the platform, provided the market remains bullish. Users could be eager to cycle their HYPE back into the innovative L1 platform, which would send the price rocketing.

Promising New Horizons For BTC

Hyperliquid might be a huge talking point in the world of altcoins, but ultimately, any bullish sentiment starts and ends with BTC, the powerhouse and leading asset. If Bitcoin can double in price from its current range, then theoretically, we should see HYPE head into the $70 to $80 range. A doubling in price could be cautiously optimistic; some investment banks believe it has the potential to quadruple from the current range – and if that does happen, expect to see Hyperliquid reach three figures.

While digital assets would have to transform into currencies that have the potential to challenge conventional systems that have been in place for centuries, the fact that so much of our world has gone digital, ranging from the way we watch sports, to the way we do our banking, that the idea that BTC could be the driving force for a once in a century financial change is not a 

Throw in the other catalysts, such as the NFT, potential Season 2 airdrop, and a multi-billion-dollar EVM, and all of these factors could easily catapult Hyperliquid into a top 10 coin.

Yes, there does need to be some coins that fall by the wayside, but with Cardano, Tron, and even Dogecoin firmly in the sights of Hyperliquid, it’s going to be fascinating to see how much ground they can close between now and the end of this decade. To say it’ll be a top 10 project is ambitious, but it’s definitely not off the table, either.