Hayes stated that there will always be unsuccessful projects in the market, but the disappearance of some altcoins does not mean the altcoin market will disappear.
The well-known figure, who also added that he invests heavily in altcoins, highlighted Hyperliquid ($HYPE) and Zcash ($ZEC) among his largest altcoin positions.
Hayes, who made price predictions for $HYPE and $ZEC, predicted that the price of $HYPE could reach $150 by August.
Hayes made a larger prediction for $ZEC, setting a price target of one-tenth of the price of Bitcoin ($BTC).
“$ZEC’s goal is to reach 10% of the $BTC price; so there’s still plenty of room for growth.”
At current prices, Hayes’ estimate for $ZEC translates to about one-tenth the price of $BTC, or approximately $8,190.
$ZEC, currently trading at around $570, needs to rise by approximately 1332% to reach Hayes’ target price.
*This is not investment advice.