Altcoins HYPE, VIRTUAL, SUI, and ONDO Surge After Hitting All-Time Highs, Suggesting a Bullish Trend in the Crypto Market

Hyperliquid's HYPE, a decentralized trading protocol with an on-chain order book, recently blew past its previous all-time high, trading above $22.

Altcoins, including HYPE, VIRTUAL, SUI, and ONDO, are experiencing a bullish surge after reaching all-time highs.

Hyperliquid’s decentralized trading protocol token, HYPE, surpassed its previous all-time high, trading above $22. This unique model, designed to mimic the user experience of centralized exchanges, has garnered immense attention. Analysts anticipate further gains for the token.

Moreover, VIRTUAL, an AI-driven token, attained a $1 billion market cap, ranking as the 5th largest AI token. Market experts are optimistic about the token’s potential to overtake TAO in the near future.

SUI’s network token, SUI, also achieved its highest-ever weekly close. Experts suggest that the token’s price discovery is still unfolding, citing Fibonacci extension targets. SUI’s surge has positioned it ahead of DOT, with TON potentially next in line.

On the other hand, the ONDO token made headlines when Trump’s DeFi initiative acquired $250,000 worth of ONDO tokens, valued at $45 million. This token, which is linked to Real World Asset (RWA) tokenization and is influenced by Wall Street bullish sentiment, is projected to be a top 20 contender in the upcoming bull cycle.

Additionally, billionaire Dan Morehead and future SEC Chairman Paul Atkins expressed optimism for the RWA sector, boosting confidence in ONDO's growth trajectory.

Overall, the altcoin market is exhibiting strength, with multiple tokens reaching new milestones.