Becoming a Millionaire with $10,000...Is 'Hyperliquid (HYPE)' the Answer Instead of Bitcoin (BTC)?

▲ Hyperliquid (HYPE)/AI generated image

An analysis suggests that if one aims to become a cryptocurrency millionaire by 2030 with $10,000, they should bet on smaller assets rather than Bitcoin (BTC). A 100-fold increase in XRP, Bitcoin, and Ethereum (ETH) is considered unrealistic, whereas Hyperliquid (HYPE) is evaluated as the only one among the five compared cryptocurrencies where the possibility of reaching $1 million is not absurd.

According to the U.S. financial media outlet 24/7 Wall St. on July 5 (local time), for $10,000 to grow to $1 million by 2030, the investment asset needs to increase 100-fold. The outlet compared the upside potential of XRP, Bitcoin, Ethereum, Solana (SOL), and Hyperliquid, stating that larger cryptocurrencies require more new capital to drive up their prices.

If Bitcoin were to increase 100-fold, its market cap would need to reach approximately $125 trillion. Bitcoin's target price for 2030 is $300,000 to $1.2 million by ARK Invest and $500,000 by Standard Chartered. In these scenarios, $10,000 would grow to approximately $48,000 to $190,000. For Ethereum, applying the 2030 forecast of $5,000 to $11,700 would turn $10,000 into approximately $28,000 to $65,000. XRP, based on forecasts of $5 to $15 and Standard Chartered's highest forecast of $28, could potentially grow to approximately $44,000 to $250,000.

Solana was cited as an asset that could expect a higher multiplier due to its relatively smaller market capitalization. Its 2030 target price is $500 to $1,065, with VanEck's bullish forecast reaching $3,211. If these target prices are met, a $10,000 investment would increase to approximately $62,000 to $130,000, and under VanEck's forecast, about $400,000. The outlet analyzed that Solana's expected growth range of 6 to 40 times is the highest among the compared assets.

Hyperliquid was identified as the asset with the highest potential for becoming a millionaire. A 100-fold increase from its current market cap of approximately $17 billion would lead to about $1.7 trillion, which is lower than Bitcoin's all-time high market cap of approximately $2.5 trillion. Hyperliquid operates the largest blockchain-based cryptocurrency derivatives exchange and dedicates most of its fees to purchasing its native token. It is explained that approximately $1.5 million worth of HYPE is purchased daily at the current rate.

24/7 Wall St. ranked the likelihood of turning $10,000 into $1 million in the following order: Hyperliquid, Solana, XRP, Ethereum, and Bitcoin. However, it pointed out that assets with higher growth potential also carry greater risks. Hyperliquid has not experienced a deep correction since its launch, and reliable 2030 forecasts for it do not yet exist. The outlet assessed that the strategy of aiming for $1 million aligns with choosing to bet on the riskiest cryptocurrency among the compared assets.

[Article Key Summary]

-24/7 Wall St. analyzed that for $10,000 to become $1 million by 2030, cryptocurrency prices must increase 100-fold.

-Bitcoin, Ethereum, and XRP have a realistically low chance of a 100-fold increase due to their high market caps, while Solana was presented with a maximum 40-fold increase scenario.

-Hyperliquid was identified as the asset with the highest potential for a 100-fold increase among the compared assets, but the risk of it being a new token was also noted.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*