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Multicoin Targets HYPE at $319 by 2028 as Hyperliquid Transforms into All-in-One Exchange

GateNews
Price Prediction
HYPE1.24%

According to Multicoin's report released today (June 26), as covered by The Block, Hyperliquid is evolving from a decentralized perpetual futures exchange into a universal trading platform. Multicoin values the native token HYPE at $319 by 2028 in its base case scenario, implying annual revenue of $8 billion at a 20x price-to-earnings multiple. HYPE currently trades around $63, which Multicoin deems significantly undervalued.

Multicoin disclosed that it has been actively accumulating HYPE since February and the token is now its largest holding in its liquid hedge fund.

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