Regarding the overvaluation and undervaluation of $HYPE: Short-term overvaluation: HIP-4's foray into prediction markets is a strategic move, but even if it surpasses polymarkets, the resulting trading volume and revenue will account for a very small percentage (less than 10%) of the current perpetual market. The current surge is driven by FOMO and high sentiment. Long-term undervaluation: The formation of an on-chain Wall Street, with contracts, spot trading, prediction markets, and lending all fully integrated and on-chain. The future leader will face the biggest challenge from regulators.