Hyperliquid (HYPE) Could See Prices Reach $190 in Optimistic Market Capture

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Hyperliquid (HYPE) Could See Prices Reach 0 in Optimistic Market Capture

Decentralized Exchange (DEX) Hyperliquid (HYPE) is experiencing a significant increase in its key metrics, positioning itself as the preferred trading platform amid the growing conflict in Iran.

This extra work has propelled HYPE to outpace the market the best cryptocurrenciesboasting a whopping 23% gain over the past week. However, market analyst Ali Martinez indicated that HYPE investors may encounter a new buying opportunity.

New Hyperliquid Sell Signal

Analyst highlighted that on March 8, TD Sequential indicated a HYPE buying opportunity, which was later confirmed as the token experienced a 28.23% price increase, rising from around $30 to a high near $38.53.

However, as of March 13, the same indicator is now flashing a sell signal, prompting Martinez to warn that increased selling pressure could lead to a short-term return to around $34.

A Wishful HYPE Projection

Adding to the bullish altcoin outlook, research firm DCo issued a a new measurement framework of HYPE. They estimated four scenarios based on the potential market capture of the $1.74 trillion daily Total Addressable Market (TAM) that Hyperliquid could achieve by using its HIP-3 rule.

Using a three-year discounted cash flow (DCF) framework, each scenario assumes a gradual capture rate: 20% in Year 1 (2026), 50% in Year 2 (2027), and 100% in Year 3 (2028), showing a gradual process of building market share.

In a bear case, where Hyperliquid captures just 0.01% of the market, HIP-3 could generate $32 million in annual fees in gross upside based on adjusted TAM.

When combined with initial income estimated at $1.35 billion and considering the final amount from Year 3 of revenue, the DCF results in an estimated enterprise value of approximately $18 billion, which would result in HYPE reaching a new record of $60 per token.

Under a 0.10% market capture basis, year 3 revenue from HIP-3 would rise to approximately $322 million, resulting in revenue of approximately $1.7 billion and an enterprise value approaching $22 billion. This would mean a token price of around $72.

$190 in Very Optimistic Condition

Of bullish scenariowith a 0.50% capture, Year 3 HIP-3 payments would reach $1.6 billion, contributing to total revenue of $3.0 billion. This would bring an enterprise value of $38 billion, which corresponds to a stated value of approximately $124 billion, representing a fully diluted value of $124 billion.

The most optimistic case, set at a 1.00% take, projects total 3rd year revenue of $4.6 billion, with an enterprise value of $59 billion and a HYPE potential worth of $190.