Hyperliquid's HYPE Coin Set to Explode? Full Update & Price Targets

"and that's hype's price action and potential i'll start by saying that at the time of shooting Israel and Iran are at war so take this analysis with a grain of salt as it could change for the better or for the worse especially in the short term with that said Hype's recent price action is predictable given the circumstances it took a tumble back in April because of Trump's tariffs and its price has been increasing ever since activity on its decks started increasing in May"

"in the absence of any further escalation hype could experience a standard pullback to around $33 before moving higher"

"we stand by our previous prediction which is that Hype will hit a price of somewhere around $300 and this would give it a market cap of around $100 billion which is roughly how big Binance's BNB got during the previous cycle"

"we reckon that's going to be the case indefinitely which is why some of us hold hype in our personal portfolios a recent changes at the SEC all but guarantee this"

"the mainet implementation of hyperlquid improvement proposal 3 aka hip 3 it was announced back in May and is currently on testn net with the mainet launch pending put simply HIP 3 will make it possible for anyone to launch perpetuals on the hyperlquid decks the same way that anyone can launch tokens on spot dexes"

"Jeff has said there are only 10 people working on Hyperlquid in an interview in May and this is consistent with data from Electric Capital's developer dashboard which notes that Hyperlid had just seven monthly active developers seven and this explains why Van warned back in January that Hyperlid needs more developers if it wants to continue growing its ecosystem"

"this is alarming when you remember that Hyperlquid isn't the only perpetuals exchange out there and it could soon face extreme competition from dexes being launched by sexes the elephant in the room here is by real the DEX recently announced by Bybit that's expected to launch on Salana sometime in Q3"

"Hyperlquid has been dominating the derivatives DEX space so far but this could change as bigger players get involved"

"it's hard to see how Hyperlid will be able to maintain its market dominance in the face of this competition and the small size of its team makes it seem like it could lose this market dominance faster than you'd expect sexes literally have thousands of employees and Hyperlquid apparently only has 10"

"how big Hype gets fundamentally depends on how much adoption its DEX gets in turn how much adoption its DEX gets fundamentally depends on how many users there are who already don't have accounts on sexes that offer perpetual futures and are comfortable using a derivatives DEX"