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Hyperliquid Price Prediction: Can It Hit $90 This Year?
As the cryptocurrency market continues to fluctuate, investors are eager for insights into which coins have potential for significant growth. One such coin is Hyperliquid (HYPE), which has been making waves with its impressive 1,596% surge in the last six months. With its current trading value at $42.18, many are wondering if it’s possible for HYPE to hit an astonishing $90 by the end of the year.
While some may be skeptical about such a significant increase, experts are urging caution and not dismissing the possibility entirely. The reason behind this optimism lies in Hyperliquid’s extraordinary performance over the past few months. The token has pulled in an impressive $64.8 million in revenue over the past 30 days, eclipsing major players like Ethereum and Tron.
Furthermore, 97% of its revenue is invested back into buying HYPE tokens, directly rewarding holders. This unique mechanism sets it apart from other cryptocurrencies and could be a significant factor in its future growth.
Analysts are also pointing to Hyperliquid’s growing usage, which has led to the platform achieving a staggering $11 billion daily volume and hitting an impressive open interest of $10.1 billion. Additionally, the token’s dominance in the global DEX derivatives market with a 70% share is another significant factor that cannot be ignored.
In light of these developments, experts have been predicting HYPE could potentially break its previous high of $43.86 and reach an astonishing $90.72 by year-end. This prediction may seem overly optimistic to some, but the data and trends do support this possibility.
While short-term dips are possible, as predicted by some analysts, long-term projections look more promising. CoinCodex is even predicting a rise up to $103 by 2026, with substantial gains anticipated by March. CoinDCX is equally bullish, forecasting $43-$45 this week and a potential surge to $85 in the current year, possibly reaching as high as $125 by 2026.
In conclusion, while it’s difficult to predict the future with certainty, Hyperliquid’s recent performance and fundamental strengths do suggest that hitting $90 by the end of the year is not entirely out of question.
Source: coinpedia.org
