Arthur Hayes Predicts Hyperliquid Price To Hit $5,000 Mark

Hyperliquid (HYPE) made a new high in the past week and continues to do so. Arthur Hayes has predicted that the exchange token could rise to as high as 100x in the next three years.

Hyperliquid would also launch its stablecoin with the ticker symbol (USDH). Here, we will expound on Arthur Hayes’ prediction on hyperliquid price, which he said could hit $5,000 by 2028.

Arthur Hayes Predicts for Hyperliquid

Speaking to analyst Kyle Chasse, Arthur Hayes said that the Hyperliquid price was still set to grow more. This was on the backdrop of Kyle Chasse, who felt like he had missed the boat for the altcoin.

It was 2x up since being called by Hayes. Hayes insisted there was room to grow despite HYPE having more than $57 billion in Fully Diluted Value (FDV).

According to Hayes, the last time he checked, the developer count for Hyperliquid was about 10 people. However, it could be higher now. The team did better compared to other teams with more developers in shipping products.

In his defense, Hayes reiterated that Hyperliquid is a leveraged trading platform. They were moving into spot trading with HIP-3, a permissionless listing mechanism.

Some protocols have branded perpetuals with dYdX’s name but opted not to pay for the privilege. This has sparked backlash, raising concerns over fair use and community alignment.

In the meantime, Hayes said that Hyperliquid’s next goal was to be Binance, the biggest exchange in the world. He noted this would take much work and effort, but the team was moving in the right direction.

He attributed this to the amount of energy seen in the proposals for the USDH ticker from every major stablecoin issuer. He says this indicated how intricate Hyperliquid was to the trading ecosystem within crypto in only 18 months.

Native Markets won the bid for the USDH ticker. Also, the situation could only improve as more people knew about it.

However, the massive token unlock for November could cause some friction regarding positioning. Hayes’s target was 100x, $5,000, if the stablecoins on Hyperliquid’s chain get the massive move.

HYPE Price Following Trend Channel But Early Whale Sells: What’s Next?

HYPE price was trading in a rising trend channel on the charts. With this, every bounce from the lower support results in a move higher. When writing, the Hyperliquid price traded at $53 from a peak of $55, with $50 as the potential reversal point.

The $50 zone coincided with the fair value gap (FVG) above the equal highs at this zone. Analysts have been targeting $100, placing HYPE as one of the altcoins for the cycle.

In the meantime, the price could briefly pierce through the support level and trade higher. However, the coming unlocks with early whales selling their tokens could threaten the uptrend of the altcoin.

As per Lookonchain data, a whale profiting on the HYPE token continued to offload their holdings. After bagging $50 Million, this whale opened a 3x leveraged sell worth $16 Million. This could increase the drop to the potential bounce zone and ignite a longer correction period.

In conclusion, the long-term target for HYPE in the next three years was $5,000 per Arthur Hayes. The BitMEX founder’s predictions may also be irrational, as Ethereum was still below this threshold at the time of writing.