As risk appetite in the cryptocurrency market shows signs of recovery, an analysis suggests that Hyperliquid's native token HYPE and AI-related cryptocurrencies could lead the next altcoin season. Renowned crypto analyst Michaël van de Poppe stated, “The recent strong performance of HYPE and the growing interest in AI-related cryptocurrencies indicate a resurgence of market risk appetite. Hyperliquid is expanding into tokenized stocks, commodities, and pre-IPO assets, thereby strengthening the trend of on-chain asset tokenization. If market sentiment continues to improve, HYPE could break above $100. In the AI sector, Near (NEAR) and Bittensor (TAO) are significantly undervalued,” he analyzed.