Arthur Hayes Reveals 3 Altcoins That Can Bring up to 126X Gains

Arthur Hayes, former CEO of BitMEX, has once again electrified the crypto community with bold predictions.

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 his forecast:

• ENA could rally 51x by 2028.
• ETHFI may surge 34x in the same period.
• HYPE could skyrocket by a jaw-dropping 126x, making it the most explosive of the three.

Why Hayes is so bullish

Hayes argues that global liquidity cycles remain the most important driver for crypto. Just as in past bull runs, he expects fresh capital inflows to fuel massive rallies – with infrastructure and staking tokens like ENA and ETHFI well-positioned, while culture-driven tokens like HYPE could outperform on speculative momentum alone.

“Speculative projects often outperform fundamentals in the right liquidity environment,” Hayes noted, while admitting only 25% of his past calls have been accurate. Still, his projections continue to shape market sentiment.

ENA, ETHFI, and HYPE: Current market outlook

• ENA: Trading near $0.64, holding a neutral-to-bullish stance.
• ETHFI: Around $1.09, still recovering from a sharp crash, with traders cautious.
• HYPE: Surged past $50, hitting fresh all-time highs and dominating community attention.

For now, HYPE is stealing the spotlight, but Hayes believes all three could benefit once liquidity expands further.

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Codex: the “first real crypto bank”

Hayes also spotlighted Codex, which he described as “the first real crypto bank.” Unlike traditional stablecoin issuers, Codex promises transparent reserves and aims to deliver banking-style services within crypto markets.

He sees stablecoins as central to the next cycle, positioning Codex as a possible bridge between TradFi and blockchain finance.

The bigger picture

Hayes concludes that dollar liquidity and investor risk appetite remain the true fuel for explosive crypto rallies. While critics caution that his projections are thought experiments rather than guarantees, his bold calls keep the debate alive as the market anticipates its next cycle.