BitMEX co-founder and former CEO Arthur Hayes has projected that Hyperliquid’s HYPE token could outperform Solana (SOL) and break into the top ten cryptocurrencies by market capitalization.

Hayes stated on X (formerly Twitter) that Hyperliquid (HYPE) has a real chance to increase in value to a degree that could make it flip Solana (SOL) in the present bull cycle. The research finding is supported by ongoing pressure on Solana’s price, which keeps bumping into a strong resistance at $180.

Solana’s Fate Hinges on $180 Level

According to Hayes, Solana could lose ground and fall to the $140-$150 level if it fails to hold above $180. That’s why HYPE becomes important.

Notably, Hayes predicted HYPE could hit $100 on April 15 and then another $100 on May 22. The reason for that claim was James Wynn’s $1.1 billion leveraged position on the Hyperliquid platform that quickly went viral.

Solana Price at Risk as HYPE Aims Higher

As of writing, one HYPE token is selling for $37.765 on exchanges, a new high influenced by an open interest rise to $1.3 billion. In just one day, the Relative Strength Index (RSI) jumped from 49.98 to 82.81, suggesting that prices were bought fast and shown confidence among traders.

HYPE is getting a lot of attention, but analysts are saying that Solana still has a chance. Right now, Solana can be bought for $180.19 and a solid close above $184 could push the price up to $264. Yet, the risk of failure may create a dip in prices near $140, helping HYPE’s bulls shine.

Solana Price at Risk as HYPE Aims Higher

“Momentum is clearly shifting,” said crypto analyst Luciano. “HYPE isn’t just hype: it has a solid team, rising on-chain traction, and the numbers to back it up. This quarter, we could see it challenge altcoins like LINK and SUI.”

Many in the crypto world are carefully following what’s going on. With conditions so strong and many bets on HYPE available, Hayes’ prediction doesn’t seem too bold anymore.