Hyperliquid’s HYPE one of crypto’s most undervalued assets, says Bitwise

Key Highlights

• Hyperliquid’s HYPE is currently trending at number 3, with Bitcoin and Ethereum prices at $76,762.00 and $2,113.39 respectively, as of May 19, 2026.
• Bitwise has identified Hyperliquid’s HYPE as one of the most undervalued assets in the crypto space, amidst a market climate of extreme fear, with a fear and greed index of 25/100.
• The current block height of the Bitcoin network is 950,119, with a difficulty of 1.37e+14, and a fast fee of 1 sat/vB, as the market continues to experience fluctuations.

As the crypto market navigates through a period of extreme fear, with the fear and greed index at 25/100, Hyperliquid’s HYPE has been identified by Bitwise as one of the most undervalued assets, presenting a potential opportunity for investors. With Hyperliquid’s HYPE being one of the most undervalued assets in crypto, it is essential to consider the current market conditions, including the prices of major cryptocurrencies such as Bitcoin and Ethereum, which are currently at $76,762.00 and $2,113.39 respectively.

Market Context

The current market trends, with Venice Token and Pudgy Penguins leading the charge, may indicate a shift in investor sentiment, as Hyperliquid’s HYPE trends at number 3, potentially signaling a growing interest in this undervalued asset.

The Bitcoin network, with its current block height and difficulty, continues to operate smoothly, with a fast fee of 1 sat/vB, demonstrating the resilience of the network amidst market fluctuations.

Hyperliquid’s HYPE

Hyperliquid’s HYPE, as an asset, has been gaining traction, with its current trend position indicating a growing interest among investors, potentially driven by its perceived undervaluation, as identified by Bitwise.

The Ethereum network, with its current price of $2,113.39, continues to play a central role in the crypto ecosystem, with Hyperliquid’s HYPE being one of the assets that may benefit from the network’s stability and growing adoption.

Investor Sentiment

Investor sentiment, currently driven by fear, with the fear and greed index at 25/100, may be due for a shift, as investors begin to recognize the potential of undervalued assets such as Hyperliquid’s HYPE, potentially leading to a market reversal.

The current prices of major cryptocurrencies, including Bitcoin and Ethereum, may also influence investor sentiment, as a potential increase in prices could lead to a more bullish market outlook, benefiting assets like Hyperliquid’s HYPE.

Bitwise Insights

Bitwise, with its identification of Hyperliquid’s HYPE as an undervalued asset, has provided valuable insights for investors. That potential for growth and returns in this asset, amidst a market climate of extreme fear.

The insights provided by Bitwise may also indicate a growing interest in Hyperliquid’s HYPE, as investors begin to recognize its potential, potentially leading to an increase in demand and, subsequently, an increase in price.

The TCB View

TCB believes that Hyperliquid’s HYPE is a highly undervalued asset, with significant potential for growth, as identified by Bitwise, and we see this as a potential opportunity for investors to capitalize on, given the current market conditions, with the fear and greed index at 25/100. The real winners in this scenario will be investors who recognize the potential of Hyperliquid’s HYPE and take a long term view, while those who fail to adapt to the shifting market sentiment may miss out on potential gains. We expect the price of Hyperliquid’s HYPE to increase as investor sentiment shifts, and we will be watching for a potential breakout above the current trend position, with a specific trigger being a fear and greed index reading above 50/100, indicating a more bullish market outlook. Watch for the next market update, as TCB continues to monitor the situation and provide insights on the potential of Hyperliquid’s HYPE.