Multicoin Capital predicts Hyperliquid HYPE will surge 406% by 2028, with estimated annual earnings of $8 billion, implying a price of $319 at a 20x earnings multiple. This forecast comes as the cryptocurrency market experiences significant fluctuations, with HYPE’s current price hovering around $59.829, according to CoinGecko data as of 2026-06-26.
The potential upside is substantial, with Multicoin Capital’s base case scenario suggesting a substantial increase in value over the next two years. As of 2026-06-26, Hyperliquid HYPE’s market capitalization stood at $6.08 billion, with a 24-hour trading volume of $689 million.
Key Highlights
-
Hyperliquid HYPE‘s potential upside is 406% by 2028, according to Multicoin Capital’s forecast.
-
The estimated annual earnings for HYPE by 2028 are $8 billion, implying a price of $319 at a 20x earnings multiple.
-
As of 2026-06-26, HYPE’s market capitalization stood at $6.08 billion, with a 24-hour trading volume of $689 million.
-
The current price of HYPE is around $59.829, according to CoinGecko data as of 2026-06-26.
-
Multicoin Capital’s base case scenario suggests a substantial increase in HYPE’s value over the next two years.
Market Analysis
The cryptocurrency market has experienced significant fluctuations in recent months, with many assets experiencing substantial price swings. Hyperliquid HYPE is no exception, with its price increasing by 18.6% over the past 30 days, according to DefiLlama data.
This surge in price has been accompanied by an increase in trading volume, with the 24-hour trading volume reaching $689 million as of 2026-06-26. Despite this, HYPE’s price remains volatile, with a 24-hour price change of -4.0% as of 2026-06-26.
The market capitalization of Hyperliquid HYPE has also experienced significant growth, reaching $6.08 billion as of 2026-06-26. This is a substantial increase from the $109 million market capitalization reported just a few months ago.
The growth in market capitalization has been accompanied by an increase in investor interest, with many investors taking notice of HYPE’s potential for substantial returns. According to CoinGecko, HYPE’s market capitalization has jumped by 8.8% over the past 24 hours, indicating a high level of investor interest.
Despite the potential for substantial returns, investing in Hyperliquid HYPE isn’t without risks. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. As such, investors should exercise caution when investing in HYPE or any other cryptocurrency. It’s essential to stay informed about market trends and analysis, such as the TCB MINER STRESS SCORE and the TCB DEFI PULSE, to make informed investment decisions.
Investor Sentiment
Investor sentiment towards Hyperliquid HYPE is largely positive, with many investors expecting substantial returns over the next two years. According to Multicoin Capital’s forecast, HYPE’s estimated annual earnings by 2028 are $8 billion, implying a price of $319 at a 20x earnings multiple.
This potential upside has attracted the attention of many investors, with some expecting HYPE to experience substantial growth in the near term. As of 2026-06-26, HYPE’s price was around $59.829, according to CoinGecko data, representing a potential upside of 406% by 2028.
Despite the positive sentiment, some investors remain cautious, citing the high volatility of the cryptocurrency market. The 24-hour price change of -4.0% as of 2026-06-26 is a reminder that prices can fluctuate rapidly, and investors should be prepared for potential losses.
But many investors believe that the potential returns outweigh the risks, and HYPE is likely to experience substantial growth in the near term. The total value locked (TVL) in HYPE’s market has reached $73,540, indicating a high level of investor interest and confidence in the protocol.
The growth in investor interest has been accompanied by an increase in the number of users, with DefiLlama reporting 502 million users as of 2026-06-26. This is a substantial increase from the 25 million users reported just a few months ago, indicating a high level of adoption and interest in HYPE’s community.
As the user base continues to grow, it’s likely that HYPE’s price will experience substantial growth, driven by increasing demand and adoption.
community Development
The development of Hyperliquid HYPE’s market is ongoing, with several new features and updates expected in the near term. According to DefiLlama, the TVL in HYPE’s market has reached $73,540, indicating a high level of investor interest and confidence in the protocol.
The market is expected to continue growing, with several new partnerships and collaborations expected in the near term. As of 2026-06-26, the cost of using HYPE’s market was around $28/PH/day, according to CoinGecko data, making it an attractive option for users and investors alike.
The growth in HYPE’s industry has been accompanied by an increase in the number of developers, with 13 developers currently working on the team, according to DefiLlama. This is a substantial increase from the 8 developers reported just a few months ago, indicating a high level of interest and investment in HYPE’s industry.
As the industry continues to grow and develop, it’s likely that HYPE’s price will experience substantial growth, driven by increasing adoption and demand.
Despite the potential for substantial growth, there are risks associated with investing in HYPE’s space. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. As such, investors should exercise caution when investing in HYPE or any other cryptocurrency. It’s essential to stay informed about market trends and analysis, such as the TCB MINER STRESS SCORE and the TCB DEFI PULSE, to make informed investment decisions.
Frequently Asked Questions
What is the predicted price of Hyperliquid HYPE by 2028
The predicted price of Hyperliquid HYPE by 2028 is $319, which is a 406% increase from its current price, based on Multicoin Capital’s forecast of $8 billion in estimated annual earnings at a 20x earnings multiple.
What is the current market capitalization of Hyperliquid HYPE
As of 2026-06-26, Hyperliquid HYPE’s market capitalization stood at $6.08 billion, with a 24 hour trading volume of $689 million, and its current price is around $59.829.
Who made the forecast for Hyperliquid HYPE’s potential upside
Multicoin Capital made the forecast, which suggests a substantial increase in Hyperliquid HYPE’s value over the next two years, with a potential upside of 406% by 2028.
What is the current price of Hyperliquid HYPE
The current price of Hyperliquid HYPE is around $59.829, according to CoinGecko data as of 2026-06-26, which is significantly lower than the predicted price of $319 by 2028.
The TCB View
Our read: Multicoin Capital’s forecast of a 406% upside for Hyperliquid HYPE by 2028 is substantial, and investors should take notice. With estimated annual earnings of $8 billion by 2028, implying a price of $319 at a 20x earnings multiple, the potential returns are attractive. But there’s a concrete risk that the cryptocurrency market’s high volatility could lead to substantial losses if investors aren’t careful.
On the other hand, there’s a concrete opportunity for substantial growth, driven by increasing adoption and demand. The signal to track: HYPE’s price movement over the next 30 days, which could indicate whether the protocol is on track to meet Multicoin Capital’s forecast.
