HYPERLIQUID PRICE PREDICTION: CAN $HYPE REACH $319 BY 2028? Hyperliquid’s upside isn’t just about token hype. It’s about whether the protocol can turn rising derivatives volume into sustainable earnings. Multicoin Capital’s model projects: 🔹 Derivatives volume: $2.9T → $20.2T by 2028. 🔹 Potential valuation: $160B. 🔹 Implied HYPE price: ~$319. But here’s the Real Question: Can Hyperliquid’s earnings growth outpace token dilution? Because a bigger protocol doesn’t automatically mean a higher token value. The bull case depends on Earnings growth, market share, and supply discipline. Source: Multicoin Capital, Hyperliquid, DeFiLlama, RR2Capital