HYPE Hits New All-Time High — Arthur Hayes Predicts 126x Surge Within Three Years

TradingKey – On Wednesday, August 27, the native token of decentralized derivatives exchange Hyperliquid (HYPE) surged over 12%, breaking past the $50 mark and reaching a new all-time high of $51.18. 

The rally follows a bold forecast from Arthur Hayes, co-founder of BitMEX, who predicted on August 25 that HYPE could rise 126x over the next three years.

HYPE Price Chart – Source: TradingView

Hyperliquid is a decentralized perpetual futures exchange known for its low fees and high performance. Despite being less than two years old, it has already outpaced sector leader dYdX in several key metrics.

According to CoinMarketCap, Hyperliquid currently ranks #1 among DEXs for derivatives trading, with a 24-hour volume of $14.9 billion and a market share of 80%. The market cap of HYPE has reached $16.9 billion, placing it 11th globally among all crypto assets.

Decentralized Derivatives Exchange Rankings – Source: CoinMarketCap