The rise of $hype is attributed to the successive FOMO surges in gold, silver, SK Hynix, and crude oil. The introduction of the HIP-3 mechanism also capitalized on this global asset linkage. However, the introduction of HIP-3 occurred before the bear market began. At the current price of $38 and with current trading volume, entering now wouldn't yield significant profits. Expectations and actual business reactions have already been fully priced in, and the current overall trend remains bearish. But one advantage of $hype is that even at the top, it gives you ample time to exit. Therefore, I wouldn't choose $hype for shorting; the holding experience is somewhat poor. On the other hand, $ETH, with ETH/BTC now at the upper edge of its trading range, is safer to short.