Arete Capital partner: HYPE’s first target is $84, expected to surpass $100 within a year

According to BlockBeats, on May 27, Arete Capital partner McKenna stated that HYPE has successfully established itself at its historical high. His first target for HYPE is $84, and given recent developments, HYPE is expected to trade above three digits in less than 12 months.

McKenna emphasized that after the launch of HYPE ETF in the $50 range, the inflow of funds was outstanding, demonstrating that traditional finance has shown strong willingness to enter at prices within this range.