I am increasingly feeling that $HYPE and $BNB this matter, the market may not have fully priced it in yet.

Many people now look at HYPE, not as an ordinary strong coin, but as a new king that might challenge the old order.
So its price reflects not just the present, but the expectation of continuing to gain market share, attract liquidity, and suppress other platforms in the future.
This is also the most expensive aspect of HYPE right now.
It's not because it has risen significantly, but because the market has already started valuing it based on "future winner takes all."
As long as growth slows slightly, capital inflow weakens, or other platforms catch up, the valuation can easily be re-evaluated downward.

So the most interesting part now is this:
HYPE is like a new king priced by the market based on the future,
BNB, on the other hand, is like an old king priced by the market based on the past.
The former is supported by sustained overperformance, while the latter may move upward through revaluation.
I'm not saying HYPE will end immediately, nor that BNB will skyrocket tomorrow.
But if the market really starts re-evaluating the value of exchanges and account systems later on, many people's current understanding of these two things might need to change.