SpaceX’s upcoming IPO is generating great excitement in both traditional and cryptocurrency markets. While SpaceX has no direct connection to any cryptocurrency, some investors are turning their attention to cryptocurrency sectors associated with innovation, artificial intelligence, and next-generation financial infrastructure that could benefit from renewed market optimism.
In a recent market analysis, Daily altcoins He highlighted three cryptocurrencies, Hyperliquid, Bittensor and Ethereum, as projects worth watching as anticipation continues around SpaceX’s IPO.
Hyperliquid (HYPE): Leading the 24/7 trading revolution
Hyperliquid has become one of the fastest growing projects in the cryptocurrency space this cycle. The decentralized perpetual futures exchange recently surpassed $3 billion in open interest and continues to set new growth records.
RWA’s open interest on Hyperliquid has reached a new ATH of $3 billion
HIP-3 has been setting a new OI record every month since its launch in October 2025 pic.twitter.com/a89wZZjyQg
– HyperliquidX (@HyperliquidX) June 2, 2026
The project gained additional attention after US regulators approved the first regulated perpetual futures contracts, highlighting the growing demand for around-the-clock trading. Hyperliquid already operates in a 24/7 market environment, giving it a head start as traditional finance moves in that direction.
Institutional interest is also growing. Coinbase recently became the official publisher of Hyperliquid’s USDC treasury wallet, boosting confidence in the platform.
Pettensor (TAO): Riding the AI boom
AI remains one of the strongest investment themes globally, and Bittensor is emerging as one of the largest AI-focused cryptocurrency projects.
Unlike centralized AI companies, Bittensor allows users to directly participate in a decentralized AI network. Developers continue to build applications on the platform, while many subnets already handle actual real-world demand.
According to Jacob Robert Steeves, co-founder of Bittensor, “Everyone can own a Bittensor, build on it, and see how it works. It is transparent in a way that centralized AI platforms are not.”
As investors look for exposure to AI beyond private companies like OpenAI, many see TAO as one of the strongest decentralized alternatives in the sector.
Ethereum (ETH): A contrarian play
Ethereum may not attract the same excitement as AI or trading-focused projects, but some investors see opportunity in its recent weakness.
Over 32.3% of the total Ethereum supply is now stored, marking a new all-time high. Meanwhile, the data below shows that only a small portion of ETH holders are making significant profits, a level not seen since 2017.
Furthermore, Ethereum could also benefit from regulatory developments. More than 200 cryptocurrency companies support the CLARITY Act, legislation that could bring greater certainty to the broader digital asset market.
For investors eyeing a potential market rebound, HYPE, TAO, and ETH emerge as three names being closely watched as SpaceX IPO excitement continues.
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