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😪😪 Arete Capital bullish on HYPE: First target $84, expected to exceed $100 within 12 months
Odaily reports that McKenna, a partner at Arete Capital, holds a very bullish view on HYPE. He believes the token has established a strong historical price base, with an initial price target of $84 and a potential extended scenario reaching above $100 within 12 months.
McKenna also emphasized that the recent strong momentum, along with significant institutional inflows following the launch of the HYPE spot ETF around the $50 level, shows clear interest from traditional financial capital. Data indicates that the HYPE ETF attracted over $72 million shortly after listing, reflecting institutional participation similar to the early stages of Bitcoin ETFs.#ExchangeOSGoesLive #ICEBacksOKXOilPerps #HYPEBullsVsBears
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