HYPE, VIRTUAL, and ONDO: Altcoins Defining the Crypto Bull Run

• HYPE surges past $22 with its unique decentralized exchange model and massive airdrop distribution.  
• VIRTUAL crosses a $1 billion market cap, climbing as the 5th largest AI token by market cap.  
• SUI and ONDO enter price discovery mode, reaching historic highs with bullish projections for 2024.  

Altcoins like HYPE, VIRTUAL, SUI, and ONDO are surging after hitting all-time highs. This suggests a bullish trend in the crypto market.

Hyperliquid’s HYPE, a decentralized trading protocol with an on-chain order book, recently blew past its previous all-time high, trading above $22. Its unique model, which mimics the user experience of centralized exchanges, has attracted a lot of buzz. Analysts expect it to climb even higher.

Similarly, VIRTUAL, an AI-driven token, hit a $1 billion market cap. This makes it the 5th largest AI token. Market experts are optimistic about its potential to overtake TAO soon.

SUI’s network’s native token SUI also achieved its highest-ever weekly close. Experts, citing Fibonacci extension targets , suggest that the token’s price discovery is still ongoing. SUI’’s surge has placed it ahead of $DOT, with $TON potentially next in its sights. 

On the other hand, the ONDO token grabbed headlines after Trump’s DeFi initiative , made a significant investment of $250,000, worth $45 million in ONDO tokens alone. The token, tied to Real World Asset (RWA) tokenization and Wall Street-backed bullish sentiment, is projected to be a top 20 contender in the upcoming bull cycle. 

Real-World Asset Tokenization: The Next Big Thing?

Additionally, billionaire Dan Morehead and future SEC Chairman Paul Atkins have both expressed optimism for the RWA sector, boosting confidence in ONDO’s growth trajectory. 

In short, the altcoin market is looking good. Many tokens are hitting new milestones, which shows the sector’s strength and potential. $HYPE has become a major player in decentralized trading. Its price is above $22, thanks to strong community support and wealth creation through airdrops.

Meanwhile, VIRTUAL’s entry into the $1 billion club and SUI’s record weekly close highlight broader altcoin momentum. The bullish outlook extends to ONDO, which is at the forefront of RWA tokenization—a trend gaining traction in the fintech space, especially with endorsements from influential investors and politicians.