Crypto trader Michael van de Poppe suggests that the market's risk appetite is rebounding, with Hyperliquid and AI-related crypto assets potentially leading the next altcoin rally. Hyperliquid's recent all-time high is attributed to the launch of ETF products in the U.S. and increased European interest in perpetual contracts. The platform's expansion into tokenized stocks and commodities is seen as a catalyst for blockchain asset onboarding. Van de Poppe also highlights Solana's long-term investment appeal as it transitions to institutional-grade infrastructure. In the AI sector, he identifies NEAR Protocol and Bittensor as undervalued, with potential for future investor interest. He cautions that macroeconomic factors, such as inflation and central bank policies, could impact risk assets.