"$6,454 if it catches up with Bitcoin"...Hyperliquid becomes a monster altcoin eyeing XRP

▲ Hyperliquid (HYPE), Dollar (USD)/ChatGPT generated image

Hyperliquid (HYPE) is attracting market attention with price scenarios compared to major cryptocurrency market caps. Amidst its recent surge to near all-time highs, market analyst Wise Advice has presented possible price levels should Hyperliquid reach the market capitalization levels of XRP and Bitcoin (BTC).

According to TheCryptoBasic on May 25 (local time), Wise Advice compared Hyperliquid's current value to the market capitalization of major cryptocurrencies via X (formerly Twitter). He analyzed that Hyperliquid could trade at approximately $353 if it reaches the same market cap as XRP, and about $6,454 if it matches Bitcoin's market cap.

Wise Advice presented virtual price ranges for Hyperliquid based on the market capitalization of major assets. Based on a TRX market cap of $35 billion, the price was $144; for Solana (SOL) with a $50 billion market cap, it was $209; and for XRP with an $85 billion market cap, it was $353. The price based on a BNB market cap of $90 billion was calculated at $371; for Ethereum (ETH) with a $255 billion market cap, it was $1,072; and for Bitcoin with a $1.55 trillion market cap, it was $6,454.

Wise Advice argued that many investors still underestimate the long-term potential of perpetual futures trading, which is considered one of the fastest-growing sectors in the cryptocurrency market. He questioned whether Hyperliquid is currently an overvalued asset or if the market has not yet fully reflected the growth potential of decentralized perpetual trading platforms.

Hyperliquid has recently shown a trend of outperforming most major cryptocurrencies. While several digital assets have been sluggish in the recent market, Hyperliquid set a new all-time high. It surged approximately 40% in the last week and about 51% in the last month, soaring from below $38 to around its all-time high of approximately $64.

TheCryptoBasic reported that Hyperliquid was trading at approximately $63.82 at the time of publication, with a market capitalization of about $16 billion. This surge propelled Hyperliquid past Dogecoin (DOGE) to rank 9th in overall cryptocurrency market capitalization.

Behind the bullish sentiment is also an aggressive token repurchase structure. Hyperliquid allocates 97-99% of its trading fee revenue to Hyperliquid repurchases. According to reports, over $1.16 billion worth of Hyperliquid has already been repurchased.

The possibility of token burning is also fueling expectations of supply reduction. A validator proposal submitted in December 2025 included a plan to burn approximately $1 billion worth of tokens held in the protocol's inaccessible assistance fund. If this proposal is approved, the circulating supply would be permanently reduced, further increasing expectations for enhanced scarcity.

Analysts believe that the combination of platform growth, strong trading activity, and continuous token repurchases could continue to exert upward pressure on Hyperliquid's price as long as market momentum is maintained. Hyperliquid has emerged as a key bullish asset in the altcoin market, with both its market cap comparison model and repurchase/burning expectations highlighted simultaneously.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*