Next Altcoin to 10x: Is It HYPE, LINK, ONDO or AVAX?

Bear markets are often where the next cycle’s winners get built. Most traders are watching Bitcoin and Iran headlines right now. But four altcoins are stacking institutional catalysts that the broader market has not priced in yet.

Here’s what you should know.

Hyperliquid’s ETF Race

Hyperliquid surpassed Coinbase in notional trading volume in 2025, recording $2.6 trillion against Coinbase’s $1.4 trillion. Its protocol generated $14 million in fees in a single week in March – a 56% jump – with 97% of that revenue automatically used to buy back HYPE tokens daily.

Four major asset managers have now filed spot ETFs for HYPE: Grayscale, Bitwise, 21Shares, and VanEck. That is the first time four firms have raced simultaneously for a DeFi-native token ETF. JPMorgan published a research note on Hyperliquid’s oil trading surge in March. S&P Dow Jones Indices officially licensed the S&P 500 for perpetual contracts on the platform – the first officially licensed S&P 500 derivative on any blockchain.

BitMEX co-founder Arthur Hayes set a $150 price target for HYPE by August 2026, calling it his fund’s largest non-Bitcoin position.

HYPE currently trades near $42.

LINK Token: JPMorgan and UBS Are Testing It

Chainlink secures over $28 trillion in total value across more than 15 blockchains. Its Cross-Chain Interoperability Protocol processes $18 billion per month, growing 62% quarter over quarter. JPMorgan and UBS are running live blockchain settlement tests through CCIP. The Bitwise LINK ETF launched on NYSE Arca, opening LINK to 401(k) and IRA accounts for the first time.

Standard Chartered has set a $25-$45 price target. LINK currently trades near $9.

The gap between what the network does and what the token costs is the story.

ONDO: The Tokenisation Play on Binance’s Rails

Binance partnered with Ondo Finance to relaunch tokenised US stocks and ETFs – the exchange’s first such offering since 2021. Ondo holds 58% market share in tokenised stocks. TVL hit a record $2.52 billion in February 2026.

Franklin Templeton’s $1.7 trillion asset management operation has partnered with the platform. ONDO currently trades near $0.25.

AVAX: BlackRock Chose This Chain

BlackRock is actively tokenising assets on Avalanche. RWA total value locked on the network reached $1.3 billion, doubling since April 2025. VanEck launched the first US spot AVAX ETF in January 2026, including staking rewards. AVAX trades near $9.2.

As one analyst put it: “BlackRock doesn’t tokenize on untrusted chains. If the ETF gains traction, $55 is realistic – but patience is required.“

Which token will rally first and the highest? The market will tell, but the catalysts are live today.