Arthur Hayes, former CEO of BitMEX, in his Buffalo Bill blog forecasts that ENA will increase 51 times, ETHFI 34 times, and HYPE 126 times by 2028, based on the global liquidity cycle.
The article emphasizes that abundant USD liquidity will drive new projects, Hayes admits that his previous prediction accuracy is around 25%, and these ideas serve as suggestions for investors.
MAIN CONTENT
Hayes forecasts strong growth for ENA, ETHFI, and HYPE based on the liquidity cycle.
Current prices: ENA ~0.64 USD, ETHFI ~1.09 USD, HYPE over 50 USD.
Codex is described as a bridge between traditional banking and cryptocurrency through transparent reserves.
Crypto Forecast: How do Hayes' big numbers explain themselves?
Direct response: Hayes explains that the forecasts are based on the global liquidity cycle and the risk level of investors, as presented in his Buffalo Bill blog on Medium.
Analysis: He believes that when USD liquidity is abundant, new capital will seek out cryptocurrency projects, paving the way for tokens promising infrastructure or cultural diffusion to explode. This is a more cyclical approach rather than relying entirely on long-term fundamentals.
Additional analysis: Hayes acknowledges that his forecasting track record is imperfect, with about 25% of previous predictions being accurate, so the numbers should be viewed as possible scenarios rather than guarantees.
ENA, ETHFI, and HYPE: What are the price prospects?
Direct response: Hayes forecasts ENA to increase 51 times, ETHFI 34 times, HYPE 126 times by 2028; currently, ENA trades around 0.64 USD, ETHFI about 1.09 USD, HYPE over 50 USD.
Analysis: ENA and ETHFI are identified as part of the infrastructure and liquid staking group, so they may benefit when capital flows back strongly into the cryptocurrency market. Infrastructure tokens often rise when users and liquidity increase.
Additional analysis: HYPE is described as representing the cultural aspect, highly speculative and may experience stronger upward waves than its fundamental value, due to sentiment and social network effects.
ENA: Potential and risks?
Direct response: ENA is positioned as infrastructure, and Hayes believes it could benefit when new capital flows in.
Analysis: If liquidity is abundant, infrastructure projects often receive significant investment due to expectations of long-term utility. However, the market still needs to validate the roadmap and actual implementation of the project.
ETHFI: Why is it gaining attention?
Direct response: ETHFI relates to liquid staking, making it sensitive to capital flows into the staking ecosystem.
Analysis: After a previous deep decline that made the market cautious, ETHFI has recovery potential if confidence in staking and liquidity improves, but volatility risks remain.
HYPE: Why the biggest forecast?
Direct response: HYPE is described by Hayes as a cultural and speculative token, with the potential for a stronger explosion based on market sentiment.
Analysis: Tokens associated with trends and communities can create rapid upward waves when sentiment is positive, but they are also vulnerable to loss of confidence or strong corrections.
Codex: What is the 'real first cryptocurrency bank'?
Direct response: According to Hayes, Codex is a promising platform operating like a traditional bank in the cryptocurrency space, with a commitment to transparent reserves.
Analysis: Unlike many stablecoin issuers, Codex is named for its clear reserve model and aims to provide services similar to traditional banks for cryptocurrency users.
Additional analysis: If transparency and compliance are maintained, solutions like Codex could be a bridge between the traditional financial system and cryptocurrency, especially when stablecoins play a central role in the next growth cycle.
What does the cryptocurrency market need to monitor?
Direct response: According to Hayes, the two key factors are abundant USD liquidity and investor risk appetite, which are the main drivers for the next bull market.
Analysis: Liquidity helps capital flow into new projects, while risk appetite determines investments in speculative tokens. These combined conditions can create high returns but also increase volatility.
Additional analysis: Observers note that Hayes' forecasts are thought experiments; they stimulate discussion but cannot replace risk analysis and thorough project research before making investment decisions.
Frequently Asked Questions
Which tokens does Arthur Hayes forecast and what are the expected increases?
Hayes mentions three tokens: ENA is expected to increase 51 times, ETHFI 34 times, HYPE 126 times by 2028, according to his Buffalo Bill blog on Medium.
What are the current prices of these tokens?
According to the original content, ENA is trading around 0.64 USD, ETHFI around 1.09 USD, HYPE has surpassed 50 USD and is on a strong upward trend.
Are Hayes' forecasts reliable?
Hayes admits that only about 25% of previous predictions were accurate, so forecasts should be viewed as reference scenarios rather than guarantees.
What role does Codex play in the next cycle?
Hayes describes Codex as a 'cryptocurrency bank' with transparent reserves, expecting it to connect traditional finance and cryptocurrency, especially as stablecoins become central.
Source: https://tintucbitcoin.com/arthur-hayes-3-altcoin-tang-100x-2028/
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