Is there still hope for $HYPE?

To be honest, it’s basically over. Unless there’s some fundamental change at the ecosystem level, the price trend is likely to just keep going down.

It’s not as simple as being dragged down by the broader market. The problem runs deeper—the competitive landscape has changed. The rivals in the market now are fighting hard, and the pressure is intense. The challenges facing the whole ecosystem can’t be solved just by hype or sentiment anymore.

Unless the team can deliver something substantial to change the current situation, this downward trend is probably going to last a long time. The market isn’t going to give any project a break just because of past glory—now it’s all about real strength and true ecosystem value.