GN gents, I wanted to share a report I made about $HYPE fundamentals to help visualize the potential, outlook and risks from being invested and using the platform and L1 network.
Without further ado, read it below:
As you know, my technical targets are $70 to $265 long term, this would put it at an 88B market cap, in the extreme case that it reaches $265 by the time the market tops, feasible, but would be frothy up there.
The bootstrapped nature of the biz combined with the explosive revenue growth and hardcore loyalist user base is a good cocktail for a massive long term winner. Token buy backs from revenue create a very interesting flywheel, that could only be upended by November when we might see the next airdrop and unlock for core contributors.
It’s the top perp dex, no one is nowhere near close, that is very clear and will likely remain this way for the foreseeable future, outside of some black swan event, like some failure of their custom L1 or vulnerability in the Unit protocol which allows native trading of other network tokens like BTC, ETH, SOL, FARTCOIN and PUMP, to name a few. Hopefully this won’t happen, but you never know.
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