HYPE Price Prediction Surges as Native Markets Secures USDH Stablecoin Dominance

BitMEX co-founder Arthur Hayes has set a bold $5,000 price target for HYPE, amplifying his earlier prediction of 126x gains within three years. The forecast comes as Native Markets clinched the USDH stablecoin ticker for Hyperliquid, outmaneuvering rivals like Paxos and Ethena in a high-stakes governance vote.

Technical indicators show HYPE trading near $54 after completing a major Elliott Wave cycle, with potential retracement to $25-$50 support levels before resuming its upward trajectory. Hyperliquid's $1.2 billion annual revenue and dominance in perpetual futures markets lend credence to Hayes' long-term bullish thesis.

The platform's lean team is shipping features faster than established players, with plans to expand into spot trading and permissionless listings. "The goal is to beat Binance," said analyst Kyle Chassé, noting the project's 100x potential by 2028 despite risks from upcoming token unlocks.