Hyperliquid (HYPE) is trading at $59, up roughly +1% in the last 24 hours, modest on the surface, but the structural setup underneath that price is anything but quiet. Bitwise CIO Matt Hougan just named HYPE and Robinhood (HOOD) as the two platforms best positioned to lead the next crypto bull market, and his reasoning goes well beyond standard price-target optimism. Hougan’s article has investors wondering whether HYPE is the best crypto to buy right now.
In an X post from yesterday (July 22), Hougan argued that Bitcoin has gained +9% since July 1 even as the NASDAQ 100 declined 6%, a decoupling that signals early-cycle behavior. His thesis centers on stablecoins, asset tokenization, 24/7 markets, instant settlement, and rising institutional interest in DeFi.
🚨BITWISE CIO: HYPERLIQUID AND ROBINHOOD CHAIN LEAD NEXT CRYPTO BULL!
Matt Hougan says the next crypto bull will be driven by TradFi-onchain convergence: stablecoins, tokenization, 24/7 trading, and institutional DeFi.
He highlights Hyperliquid (nearly half volume now in… pic.twitter.com/ZCUJln4jYp
— Crypto Banter (@crypto_banter) July 23, 2026
Nearly half of Hyperliquid’s current trading volume now comes from real-world assets including Oil, Silver, and the S&P 500, according to Hougan’s report. The platform surpassed $1Bn in lifetime revenue in June and is on track to reach $800M in revenue this year, with 99% of that revenue directed to open-market purchases of HYPE tokens.
That TradFi-meets-DeFi convergence is now the central thesis driving institutional positioning, reshaping how traders evaluate on-chain infrastructure plays heading into what Hougan calls potentially “the biggest cycle yet.”
Can HYPE Price Hit $100 Before the Bull Run Peaks?
Lower High, rejection from the same trend that got us into new ATHs over several months
and now a Lower Low
as long as we hold above $50 region, I would not hesitate to buy a reclaim of this trend – context would remain favorable on larger outlooks
but as long as we… https://t.co/nSTqze1YGs pic.twitter.com/yuEcU4lbqm
— Mercury (@TraderMercury) July 22, 2026
HYPE is compressing inside a falling wedge on the 12-hour chart, a pattern that typically resolves with a breakout to the upside when volume confirms. The immediate structure shows support clustered in the $54–$56 zone, with resistance just below $60. A clean hold above $58 is the precondition analysts are watching before committing to the next leg.
Three scenarios emerge from the current setup:
Bull case: HYPE breaks the wedge with volume, clears $60, and targets $66.50, then $69.25, with extended wave projections pointing toward $100.
Base case: Price consolidates between $50 and $58 through the next macro trigger, then trends higher alongside broader altcoin momentum.
Bear/invalidation: A close below $50 flips the ascending structure and opens the $42–$46 support zone, the level where the medium-term thesis breaks down.
The revenue buyback mechanic (99% of platform revenue used to purchase HYPE on the open market) creates a structural bid that distinguishes this from pure speculation. Whether that’s enough to absorb selling pressure at current levels is the question the chart hasn’t answered yet.
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Best Crypto to Buy? LiquidChain Targets Early-Mover Upside as HYPE Tests Breakout Resistance
HYPE at $59 is already a well-covered infrastructure play with institutional eyes on it. The upside math from here requires a broader bull market to materialize, and even in the bull case, the easy multiple is likely already priced in by early holders. That’s the trade-off with established DeFi infrastructure: the thesis is validated, but the entry price reflects it.
LiquidChain ($LIQUID) is operating at a fundamentally different stage of that curve. It’s a Layer-3 (L3, a blockchain built on top of existing L2 networks to add specialized functionality) infrastructure project positioning itself as the cross-chain liquidity layer for the DeFi-TradFi convergence.
The core mechanic: LiquidChain fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment, letting developers deploy once and access all three ecosystems simultaneously. Its architecture includes a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once framework.
This is all aimed at eliminating the fragmentation that currently forces traders and protocols to manage positions across separate chains. The presale is currently priced at $0.01482, with $917,251.17 raised to date and is quickly becoming one of the best crypto to buy right now.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
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