Arete Capital Partner Sees HYPE Surpassing $100 Within a Year

Arete Capital partner McKenna has expressed a bullish outlook on HYPE, stating that it has firmly reached a historical high with an initial target price of $84. According to Odaily, McKenna anticipates that HYPE will exceed $100 within the next 12 months, driven by its recent strong performance. McKenna highlighted the robust inflow of funds into the HYPE spot ETF, which began in the $50 range, indicating strong interest from traditional financial institutions at this price level. Data shows that the HYPE ETF attracted over $72 million shortly after its launch, with institutional investments pouring in at a pace comparable to the early Bitcoin ETF surge.