USDC’s market cap is approaching a record $80 billion, with one analyst 
linking the surge to capital flight and turmoil in Dubai’s real estate market.

USDC market cap nears record $80B amid ‘capital flight’ in UAE: Analyst

BlackRock digital assets head Robert Mitchnick said Bitcoin and Ethereum 
remain the only two cryptocurrencies attracting meaningful investor demand. 
This comes as the asset manager evaluates future ETF products. Speaking on 
CNBC following the launch of BlackRock&#8217;s ETHB staked ether…

BlackRock says most investors only want Bitcoin and Ethereum as new ETF launches

Decentralized exchange (DEX) Hyperliquid (HYPE) is experiencing a notable 
surge in its key metrics, positioning itself as a preferred trading platform 
amid rising tensions in Iran. This increased activity has propelled HYPE to 
outperform the market’s leading cryptocurrencies, boasting a major 23% gain 
over the past week. However, market analyst Ali Martinez has indicated that 
HYPE investors may soon encounter a new buying opportunity. New Sell Signal 
For Hyperliquid The analyst highlighted that on March 8, the TD Sequential had 
signaled a buying opportunity for HYPE, which was subsequently confirmed as 
the token experienced a price increase of 28.23%, rising from approximately 
$30 to a high near $38.53. However, as of March 13, the same indicator is now 
flashing a sell signal, prompting Martinez to caution that increasing selling 
pressure could lead to a short-term retracement to around $34. Related 
Reading: Hyperliquid (HYPE) Under The Lens: These 3 Metrics Point To Severe 
Undervaluation Currently trading at $36.37, this would represent a decline of 
approximately 6.5%, in addition to a recent 2.5% pullback observed over the 
last 24 hours, according to CoinGecko data. For Martinez, this potential 
pullback may serve as a strategic buying opportunity before the expected 
upward momentum resumes. Ambitious Projections For HYPE Adding to the 
altcoin’s bullish outlook, research firm DCo released a new valuation 
framework for HYPE. They modeled four scenarios based on the potential market 
capture of the $1.74 trillion daily Total Addressable Market (TAM) that 
Hyperliquid could attain through its HIP-3 protocol. Utilizing a three-year 
discounted cash flow (DCF) framework, each scenario assumes a gradual capture 
rate: 20% in Year 1 (2026), 50% in Year 2 (2027), and 100% by Year 3 (2028), 
reflecting the gradual process of building market share. In a bear case 
scenario, where Hyperliquid captures just 0.01% of the market, HIP-3 could 
generate $32 million in annual fees at full ramp-up based on the conversion- 
adjusted TAM. When combined with baseline revenue projected at $1.35 billion 
and considering the terminal value from Year 3 total revenue, the DCF results 
in an estimated enterprise value of approximately $18 billion, which could 
result in HYPE reaching a new record of $60 per token. Under the base case of 
0.10% market capture, Year 3 revenue from HIP-3 would climb to roughly $322 
million, resulting in a total revenue of about $1.7 billion and an enterprise 
value nearing $22 billion. This would imply a token price around $72. $190 In 
Most Optimistic Case In the bullish scenario, with a 0.50% capture, the Year 3 
HIP-3 fees would reach $1.6 billion, contributing to a total revenue of $3.0 
billion. This would yield an enterprise value of $38 billion, corresponding to 
an implied price of about $124, representing a fully diluted valuation of 
around $124 billion. The most optimistic case, positioned at a 1.00% capture, 
projects total Year 3 revenue of $4.6 billion, with an enterprise value of $59 
billion and HYPE potentially valued at $190. Related Reading: Bitcoin 
Historically Surges 54% On Average Post-US Midterm Elections, Binance DCo&#8217;s 
analysis reveals that, even at a default 20% discount and 20x multiple, the 
current price of $37 is considerably lower than the bear case valuation of 
$60. This suggests that the market has not fully appreciated the potential 
contributions from HIP-3 and is undervaluing the inherent value of 
Hyperliquid&#8217;s crypto exchange business. Featured image from OpenArt, chart 
from TradingView.com

Hyperliquid (HYPE) Could See Prices Reach $190 In Optimistic Market Capture Scenario

Over the past decade, bitcoin mining thrived on predicting price surges after 
halvings. However, a new report by Wintermute indicates this reliance has 
ended as bitcoin matures into an institutional asset, disrupting previous 
profitability cycles. Diminishing Returns in the Post-Institutional Era For 
over a decade, bitcoin mining relied on a simple gamble: weather quadrennial 
halvings […]

The ‘Hyperbolic’ Era Ends: Wintermute Report Reveals Structural Shift for Bitcoin

As XRP anticipates a potential rally toward a key short-term resistance level, 
an analyst has set a bold target for the cryptocurrency’s long-term 
performance, suggesting that the altcoin could soar by over 1,300% during the 
next bull run. Related Reading: Ethereum Eyes $2,100 Retest As BlackRock 
Debuts Staked ETH ETF XRP Targets $48 In Next Bull Run On Friday, XRP joined 
the broader market rebound, experiencing a 3.5% surge and reaching a one-week 
high of $1.45. Over the past month, the cryptocurrency has been oscillating 
between $1.20 and $1.50, hovering above the upper area of this range. Amid 
this performance, analyst Ali Martinez shared a bold prediction for XRP’s 
price in the next bull run, suggesting a massive rally could unfold in the 
coming years based on a multi-year pattern. According to the chart, the 
altcoin has been forming an ascending triangle pattern on the monthly chart 
since 2018, when it rallied around 1,500% over two months to its old all-time 
high (ATH). XRP has traded between the $3.30 horizontal resistance and the 
ascending trendline over the past eight years, marking the bottom and peak of 
each rally during the last two cycles. The analyst suggested the altcoin could 
continue to move within this pattern until the next bull run and potentially 
rally 1,350% to the $48 target once it breaks through the multi-year 
resistance. Similarly, market observer Chard Nerd shared XRP’s macro chart but 
highlighted a potential retest of a resistance-turned-support instead. He 
noted that the cryptocurrency broke out of a multi-year symmetrical triangle 
pattern when the price soared past its eight-year resistance during the Q4 
2024 market rally. Per the post, XRP could test the pattern’s neckline, 
currently around the $0.70-$0.80 area, as support in the coming months before 
beginning to recover from the bear market lows. Is A March-April Rally 
Brewing? In a Friday video analysis, Chart Nerd also shared a short-term 
outlook for XRP, highlighting its attempt to break out of a one-month 
symmetrical triangle on the daily timeframe after today’s pump. As he 
explained, the altcoin’s price has been compressing between a major level of 
resistance and a major level of ascending support over the past five weeks, 
which could target a 25% rally in the next few weeks as it approaches the 
tighter range of its apex. The apex does have a date (…) we&#8217;re looking towards 
the end of March, 25th of March, where XRP could, if it rejects from this 
$1.42-$1.43 level, (…) get really tight and compressed into a corner to look 
for a decision. The analyst suggested that the pattern’s upper boundary has 
been a major level of resistance throughout February, which could squeeze 
XRP’s price “into this apex towards the end of March” before potentially 
choosing its next direction. Related Reading: Bitcoin ‘Sandwiched’ Between Two 
Key Zones As Price Tops $71,000 – Major Move Ahead? If XRP breaks out of this 
apex to the upside and reclaims the $1.50 horizontal resistance, it will 
validate a move toward the $1.80-$2.00 area, which he previously called “a 
critical inflection point,” by the end of March or start of April. Featured 
Image from Unsplash.com, Chart from TradingView.com

Cryptocurrency price in ILS