Prominent cryptocurrency analyst Arthur Hayes has identified Hyperliquid (HYPE), Zcash (ZEC), and Near Protocol (NEAR) as a “holy trinity” of assets that have recently outperformed the broader market. This analysis follows significant price gains for these cryptocurrencies amid a period of general market correction.
Cryptocurrency analyst Arthur Hayes recently described Hyperliquid (HYPE), Zcash (ZEC), and Near Protocol (NEAR) as “the holy trinity.” Hayes noted that when in position, trading becomes easy, allowing one to “sit back and watch number go up.”
These three assets have seen substantial gains over recent weeks, countering the trend of significant price corrections experienced by major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Hyperliquid (HYPE) climbed to an all-time high of $64.27, a rare occurrence in the current bearish market. The asset’s price action increased following the launch of its spot ETF, and Goldman Sachs has invested in a Hyperliquid-related firm according to a recent filing.
Zcash (ZEC) has surged despite internal conflicts earlier this year, potentially driven by increased demand for privacy-focused coins. However, the cryptocurrency remains down by nearly 80% from its all-time high of $3,191.93. Near Protocol (NEAR), an AI-focused cryptocurrency, could be rallying due to hype around AI products. The project recently announced tools for AI-related transactions, such as confidential treasuries and privacy features built around AI prompts.
