Michael van de Poppe, a prominent crypto trader, suggests that the recent surge of Hyperliquid and renewed interest in AI-focused cryptocurrencies signal a return of risk appetite in the altcoin market. Hyperliquid's HYPE token has recently hit a new all-time high following the launch of two HYPE exchange-traded funds (ETFs) in the United States. Van de Poppe believes that if the current positive sentiment in the crypto market continues, HYPE could potentially reach $100 or more. He notes that European traders are increasingly turning to Hyperliquid due to challenges in accessing perpetual futures trading on regulated venues. While he sees Hyperliquid as a short-term winner, Van de Poppe regards Solana as a more attractive long-term investment, citing its successful transition to a more institutional-focused blockchain ecosystem. Additionally, he highlights the undervaluation of AI-linked tokens like NEAR and Bittensor compared to traditional AI companies, emphasizing their potential for significant revenue growth. However, he warns that regulatory risks surrounding privacy coins could impede their long-term viability in the market.