Altcoins update: BitMEX co-founder forecasts HYPE, ENA, and ETHFI could rally up to 126X

The cryptocurrency market flashed recovery signals today as Bitcoin reclaimed $113,000. As risk-on sentiments emerge, BitMEX co-founder Arthur Hayes has issued an ambitious vision for the altcoin ￰0￱ Hayes believes Hyperliquid’s (HYPE), Ethena (ENA), and ￰1￱ (ETHFI) has all it takes to outperform the market in the coming years, with up to 126x by ￰2￱ bold predictions have raised eyebrows, especially due to cryptocurrencies’ inherent volatility and wild fluctuations. However, Hayes has tied his forecasts to user behavior, macroeconomic trends, and intensifying innovations in the DeFi space. Let’s discover ￰3￱ to outshine Binance Decentralized exchange Hyperliquid has thrived lately, due to its high-frequency trading ￰4￱ native token, HYPE, hit new all-time highs this week as it rallied despite broader market struggles.

Meanwhile, Hayes believes Hyperliquid has just ￰5￱ expects the DEX to rival and finally dethrone Binance as the largest exchange by trading ￰6￱ BitMex co-founder highlighted Hyperliquid’s execution as a winning ￰7￱ most DEXs move slowly, Hyperliquid boasts a pace that matches top CEX ￰8￱ HIP3 rollout is transforming HYPE’s platform into a permissionless ecosystem for spot and derivatives trading, promising deep liquidity and real-time ￰9￱ by a highly efficient team led by Jeff Yan, Hyperliquid is rising as a dominant player in derivatives trading , currently accounting for 67% of DEXs’ market ￰10￱ to Hayes: Hyperliquid is so transformational that it is quickly growing against CEXs like ￰11￱ the end of this cycle, Hyperliquid will be the largest crypto exchange of any type, and Jeff Yan might become richer than CZ, the founder and former CEO of ￰12￱ traded at $48 after gaining over 20% the previous ￰13￱ forecasts $126x for the Hyperliquid’s token as global traders move ￰14￱ and USDe’s momentum Hayes also spotlighted Ethena (ENA), the issuer of the thriving synthetic stablecoin ￰15￱ has grown to become the 3rd-largest stablecoin by circulating supply in less than two ￰16￱ American billionaire trusts USDe’s continued upgrades and growth trajectory could see it surpassing USDC to take the second spot behind Tether’s ￰17￱ projects it capturing around 25% of stablecoins’ market share, with approximately $2.5 trillion.

Ethena’s yield-generating model stands out due to advanced strategies like shorting futures against spot tokens and “cash & carry” ￰18￱ blockchain offers lucrative earning opportunities for stablecoin holders that traditional alternatives like US Treasury bills do ￰19￱ stablecoin sector has seen massive growth after the US regulation, with its total supply exceeding the $280 billion market cap for the first time ￰20￱ trades at $0.6684 after an 8% rally in the past 24 ￰21￱ forecasts a 51x rally from its current levels. Ether. fi: integrating stablecoins to day-to-day spending The third project that Hayes analyzed was Ether. fi, the platform bringing stablecoins to real-world ￰22￱ blockchain offers a Visa-powered card that allows users to spend crypto at global enterprises accepting ￰23￱ positions Ethena to spearhead the long-awaited real-world utility of ￰24￱ expert said: The customer experience, whether I use my Amex or ￰25￱ cash card is the ￰26￱ is important because, for the first time, many in the Global South will pay for goods and services anywhere in the world powered by stablecoins and ￰27￱ predicts 34x growth for ETHFI as stablecoins dominate the international financial ￰28￱ Hayes’ forecasts echo most cryptocurrency maxis and analysts, digital assets remain ￰29￱ your research.