Can HIP-4 Send HYPE Above $60?

Few projects in the history of cryptocurrency have had such an incredible short-term impact on the space. For many crypto investors and analysts, the real winner of the last 2 years has been Hyperliquid. This decentralized perp DEX has gone from simply another perp DEX to a multi-billion-dollar project. It’s now taking aim at the global financial system. 

It is an ambitious project with even loftier goals. The token was launched in November 2024 at around $2. Few in the industry could have predicted that it would hit an all-time high of $59 within a year. Many touted it as the hottest new project in the crypto ecosystem. The token has plateaued slightly over the last 6 months, hovering around the $30 mark. 

Hyperliquid has introduced several proposals and key changes over the last 12 months under the acronym HIP (Hyperliquid Improvement Proposals). HIP-3 provided a route for people to invest in products beyond crypto, such as commodities, oil, and stocks. 

In Q1 of 2026, it saw record volume, surpassing $1 billion per day and breaking new records every week. However, with HIP-4 on the horizon, could this be the catalyst to send HYPE’s native token back toward all-time highs? Let’s take a look. 

The Power of Betting & Prediction Markets 

Over the last 18 months, we have seen prediction markets become a key narrative in the cryptocurrency industry. Now, for those new to the market, it may seem like the first wave of gambling-based ideas. However, these ideas are not entirely new. They differ in structure and scope from traditional gambling platforms. Many cryptocurrency casinos have been in the industry for over a decade.

Bitcoin was the spearhead of a profound change in how people gambled online. Slots were among the first games to undergo a systemic change due to blockchain technology and crypto gambling. Therefore, it is not surprising to see pioneering projects like Hyperliquid target the prediction market. This sector has become a key narrative within the crypto niche in 2026.

Crypto Gambling – Understanding a Changing Market 

Crypto casinos have since moved with the times and incorporated several prominent marketing strategies we have seen in the conventional casino world, such as free giveaways (as shown in the link below). By homing in on crypto, they have expanded the market’s scope.  

https://www.instagram.com/ignitionaustralia/p/DV97TwRktNH

The borderless design of cryptocurrency meant that gamers could deal with the casino directly, no third party, no bank oversight, just a direct wallet-to-wallet transaction. It didn’t matter if you were in the UK or on the other side of the world in Australia; so long as you had a wallet, you could connect directly and leverage the innovative P2P system. 

Given that Bitcoin pokies have been around for so long, it would be foolish to suggest that prediction markets will be the dominant force in crypto gambling. Still, it does mean the scope of available markets will change, and Hyperliquid could be the unexpected beneficiary.  

If they do and eat into the market share of some of the bigger companies in this space, it will inevitably have an enormous impact on the price of HYPE.  

Sticking to the Bread & Butter 

While Hyperliquid has made incredible gains in traditional markets, they will not want to lose their grip on crypto perps, which is what made their HYPE token so valuable in the first place. That said, the gains they are making as they look to stake a claim in all prominent markets are a sight to behold. The S&P 500 is the latest financial juggernaut to be tokenized and made available on Hyperliquid.  

It feels inevitable that HYPE will be $100 one day; it might be 12 months from now. This might not happen until the end of the decade. However, it’s hard to imagine a scenario in which this does not happen. 

As long as they stay focused on crypto perps and their EVM, the outlook remains strong. They should avoid overcommitting to prediction markets and traditional finance. If they maintain this balance, they could become highly innovative. This may mark the rise of one of the most advanced fintech projects ever conceived.

Final Thoughts 

When HYPE hits a new all-time high, it’s likely to be a combination of HIP-3 and HIP-4, and the purported advances they’re looking to bring into the market with HIP-5. While HIP-5 is still in its formative stages, the buyback aspect of the token is going to shore up the price.  

Yes, other factors will need to contribute, such as broader positive market sentiment. The market has looked uncertain in late 2025 and early 2026. Despite this, HYPE has remained resilient. If sentiment improves, its outlook could strengthen significantly. It is easy to see why many analysts believe it could surge rapidly.

The post Can HIP-4 Send HYPE Above $60?  appeared first on The Coin Republic.