Arete Capital Bullish on HYPE: First Target $84, Breaking $100 Within 12 Months

Odaily Planet Daily News Arete Capital partner McKenna released a bullish outlook, stating that HYPE has firmly established a new all-time high, with the first target price at $84; based on recent strong momentum, it is expected to break $100 within less than 12 months.

McKenna specifically pointed out that after the HYPE spot ETF was launched in the $50 range, capital inflows were strong, proving the strong willingness of traditional financial institutions to enter at this price level. Data shows that the HYPE ETF attracted over $72 million in funds shortly after its listing, with institutional capital pouring in at a pace comparable to the early Bitcoin ETF frenzy.