Arthur Hayes on Friday called Hyperliquid, Zcash and Near Protocol crypto’s “holy trinity” in a post on X.
• HYPE’s price climbed near a fresh record high after strong inflows into newly launched Hyperliquid ETFs.
• NEAR surged more than 30% to a six-month high amid renewed investor interest in the token.
BITMex founder and investment chief at Maelstrom Arthur Hayes said on Friday that Hyperliquid (HYPE), Zcash (ZEC) and Near Protocol (NEAR) are the “holy trinity” as the three tokens continued to outperform Bitcoin (BTC) and the broader cryptocurrency market.
“When you are in position, trading is easy, sit back and watch number go up,” Hayes wrote in a post on X. “HYPE, ZEC, NEAR, the holy trinity.”
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HYPE’s price rose 3.2% in the last 24 hours to around $61, paring gains after clocking a new record high of over $62. Retail sentiment around the altcoin on Stocktwits trended in ‘extremely bullish’ territory over the past day, accompanied by ‘extremely high’ levels of chatter.
The latest move higher comes after Bitwise (BHYP) and 21Shares (THYP) newly launched Hyperliquid spot ETFs drove fresh inflows of over $60 million this week, according to Farside Investors data. It has pushed Hyperliquid’s market capitalization to over $14.5 billion, just $2 billion from flipping Dogecoin (DOGE) for a spot in the top 10 cryptocurrencies globally.
Hayes has a year-end price target of $150 for HYPE, citing strong derivatives activity and rising retail participation could continue to drive momentum.
NEAR’s price rose more than 30% to over $2.30, making a six-month high for the token. Retail sentiment around the altcoin rose to ‘bullish’ from ‘neutral’ over the past day, alongside chatter at ‘high’ levels.
In recent commentary, Hayes called NEAR his preferred trade, stating that the combination of Near “intents” and the larger the narrative around privacy could create a “positive cash flow situation for the protocol.”
Meanwhile, ZEC’s price fell 4% in the last 24 hours to around $636, after clocking a six-month high earlier this week. Retail sentiment around the privacy-focused coin remained in ‘bullish’ terriotry over the past day. Chatter fell to ‘high’ from ‘extremely high’ levels.
Hayes’ bullish view on Zcash centers on growing demand for privacy-focused crypto infrastructure and zero-knowledge technology. He called it his biggest non-Bitcoin bet.