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- Debashree Patra
Debashree Patra
- Reviewed by:
Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 28, 2025 08:37 UTC
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Arthur Hayes Reveals Top 3 Altcoins for 100x Gains by 2028
Arthur Hayes predicts ENA (51x), ETHFI (34x), and HYPE (126x) by 2028.
Forecasts are tied to liquidity cycles and investor risk appetite.
Codex, a stablecoin project, could be the bridge between banking and crypto.
ENA and ETHFI remain cautious, while HYPE leads with strong momentum.
Arthur Hayes, former CEO of BitMEX, has once again stirred the crypto community with his new daring forecasts. In his latest blog post Buffalo Bill, Hayes projected massive gains for three emerging tokens: ENA, ETHFI, and HYPE over the next three years.
According to him, ENA could jump 51x, ETHFI by 34x, and HYPE by a jaw-dropping 126x by 2028.
Crypto Forecast: Hayes’ Big Numbers Explained
Hayes based his outlook on global liquidity cycles, arguing that crypto markets thrive when dollar liquidity is abundant. Just as in past bull runs, he expects new projects to deliver outsized returns.
- ENA and ETHFI, Positioned in infrastructure and liquid staking, making them potential beneficiaries of fresh capital inflows.
- HYPE, represents the culture-driven, speculative side of crypto, which Hayes says can spark far bigger rallies than fundamentals alone justify.
He admitted his track record isn’t perfect; only about 25% of his past calls have been accurate, but his bold predictions still shape investor sentiment.
ENA, ETHFI, and HYPE Price Outlook
- ENA Price Today Trading around $0.64, showing mild gains and holding a neutral-to-bullish stance.
- ETHFI Price Today Around $1.09, still shaky after a steep crash, leaving traders cautious.
- HYPE Price Today Surged past $50, hitting a fresh all-time high and gaining strong momentum despite divided opinions.
Right now, HYPE is stealing the spotlight, while ENA and ETHFI remain in wait-and-see mode.
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Codex: “The First Real Crypto Bank”
Beyond token predictions, Hayes also highlighted Codex, which he described as the first real crypto bank. Unlike most stablecoin issuers, Codex promises transparent reserves and aims to provide traditional banking-style services to crypto users.
Hayes believes stablecoins will play a central role in the next growth cycle, and Codex could bridge the gap between traditional finance and blockchain.
Crypto Market Outlook: What to Watch
Hayes’ latest blog isn’t just about numbers it’s about conditions that could drive explosive growth. For him, abundant liquidity and investor risk appetite remain the key fuel for the next bull market.
Critics note that his forecasts should be seen more as thought experiments than guarantees. But whether right or wrong, his bold calls continue to spark debate across the crypto space.
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FAQs
Reactions are mixed. Some see his bold calls as inspiration, while others view them skeptically since only about 25% have been accurate.
Yes, past bull runs saw some tokens gain hundreds of times, but such returns are rare and not guaranteed.
Codex offers transparent on-chain stablecoin reserves and real banking services, unlike most stablecoin projects.
Regulatory changes, market shifts, tech setbacks, and competition could all prevent the predicted gains.
Some analysts share optimism, but many remain cautious and emphasize the uncertainties in the crypto market.
Yes 
No 
