Hyperliquid Looks Like Solana At $20 Last Cycle, Daniel Cheung Says
Daniel Cheung, co-founder of Syncracy Capital, argues that Hyperliquid’s HYPE token is mirroring Solana’s (SOL) setup before its major rally, positioning Hyperliquid as the central hub of genuine trading activity in crypto. Cheung draws direct comparisons to SOL’s trajectory, highlighting HYPE's potential early-stage upside, especially as it attracts new users through its 24/7 market offerings. He emphasizes that Hyperliquid’s momentum is not meme-driven but based on substantive trading use cases, which he believes gives it a durable foundation for future growth. Cheung envisions Hyperliquid evolving beyond crypto into a leading financial trading platform, capable of challenging incumbents like Robinhood and Interactive Brokers. His thesis rests on the belief that perpetual futures will expand far beyond current market expectations and that Hyperliquid, already a dominant player, will disproportionately benefit. Cheung predicts significant further price appreciation for HYPE with a returning crypto bull market, echoed by similar bullish projections from BitMEX founder Arthur Hayes. As of the latest update, HYPE traded at $36.16.
