HYPERLIQUID, ZCASH E VVV: AS CRIPTOS QUE ESTÃO CHAMANDO ATENÇÃO DO MERCADO | Crypto Never Sleeps #52

Watch on YouTube ↗  |  May 23, 2026 at 21:00  |  54:30  |  Market Makers
Speakers
Valter Rebelo — Journalist, ECO Sapo

Summary

Marcello Cestari and Valter Rebelo celebrate Bitcoin Pizza Day and discuss the maturation of the crypto market since 2021. They highlight HyperLiquid (HYPE), Venice (VVV), and Zcash (ZEC) as tokens outperforming Bitcoin, analyzing their fundamentals, tokenomics, and catalysts. The episode also covers macro conditions, the new Fed chair, and regulatory developments like the Clarity Act.

  • Bitcoin Pizza Day commemorated; market has matured since 2021 cycle.
  • HyperLiquid (HYPE) praised for low valuation multiples, strong revenue, and buyback tokenomics.
  • VVV (Venice) tied to AI inference demand; valuation gap vs OpenRouter highlighted.
  • Zcash (ZEC) gains momentum as a privacy coin with institutional interest.
  • Macro discussion: inflation rises but markets price growth; new Fed chair Kevin Warsh.
  • Clarity Act passage could unlock US institutional access for crypto platforms like HyperLiquid.
  • Terraform Labs lawsuit against Jane Street revisited as a market event.
  • Speakers emphasize momentum-based investing over pure fundamentals in crypto.
Trade Ideas
Marcello Cestari 15:02
HYPE undervalued vs traditional exchanges.
HyperLiquid (HYPE) trades at a ~10x price-to-revenue multiple versus ~30x for traditional exchanges like CME, Robinhood, and Interactive Brokers, despite generating ~$2B annual revenue. The token has a deflationary buyback mechanism, new revenue streams from stablecoin partnerships (Coinbase/Circle), and ETF inflows. This valuation gap, combined with the potential Clarity Act unlocking US institutional access, makes HYPE significantly undervalued and likely to re-rate.
HYPE HIGH
Marcello Cestari 33:34
VVV undervalued relative to OpenRouter.
VVV (Venice token) is a platform for private AI inference with a tokenomics model where staking VVV generates GM tokens that give a daily $1 inference right. Comparable private company OpenRouter trades at 25x revenue with $50M revenue and $1.3B valuation, while Venice's token valuation is roughly 2x lower. As AI demand grows and inference usage increases, VVV's token demand should follow, justifying the recent rally.
VVV MED
Valter Rebelo Journalist, ECO Sapo 39:21
Zcash privacy narrative gaining traction.
Zcash (ZEC) is a privacy-focused cryptocurrency that offers true transaction anonymity via ZK-SNARKs, unlike Bitcoin where all transactions are traceable. The narrative around privacy is gaining traction with institutional interest, including a DAT launched by the Winklevoss twins. This could lead to further adoption and price appreciation as the privacy value proposition becomes more recognized.
ZEC MED
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This Market Makers video, published May 23, 2026, features Marcello Cestari, Valter Rebelo discussing HYPE, VVV, ZEC. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Marcello Cestari, Valter Rebelo  · Tickers: HYPE, VVV, ZEC