Bitmex’s Hayes: Ethereum Could Rise to $10k and Solana to $200

    • Arthur Hayes has predicted that Ethereum may go to $10,000 and Solana to $200
    • According to Hayes, Ethereum’s rewards in a PoS community makes ETH a bond
    • Stakers on ETH2.0 may see 8 – 11.5% APR
    • Solana has the 2nd highest addresses after Ethereum and the worth of SOL will profit from this
    • Arthur Hayes gives a disclaimer that his opinion shouldn’t be seen as monetary recommendation

    The founder and former CEO of Bitmex, Arthur Hayes, has penned a new blog post during which he offers a $10,000 worth prediction for Ethereum and a $200 worth prediction for Solana.

    However, Hayes didn’t present a exact timeline for the aforementioned values of ETH and SOL to materialize.

    Ethereum’s Merge into Proof-of-Stake Makes ETH a Bond

    In the informative weblog publish, Mr. Hayes goes on to spotlight that the Ethereum community will quickly swap from proof-of-work to proof-of-stake throughout the merge that’s scheduled for later this yr.

    As 2022 progresses, Hayes expects ‘ETH to significantly outperform any L1 chain that constructed a narrative that it is “faster and cheaper” than Ethereum’.

    He goes on to clarify that after the merge, stakers of ETH may earn an APR of round 8 to 11.5%. In addition, the rewards issued to validators ‘renders ETH a bond’. He explains:

    Ether isn’t cash — it’s a commodity that powers the world’s largest decentralised laptop. As I defined in “Yes I Read the Whitepaper”, the Ethereum neighborhood clearly determined that ETH is a commodity used to energy this laptop, not a pure financial instrument.

    Bitcoin doesn’t have an implicit yield in BTC phrases on the protocol degree. Post-merge, ETH will. Therefore, Bitcoin is cash, and ETH is a commodity-linked bond.

    Solana Has the 2nd Highest Number of Addresses

    With respect to Solana, Arthur Hayes makes use of the variety of addresses to conclude that the community is the second hottest blockchain and will positively profit the worth of SOL. He stated.

    The variety of addresses on a given chain is one other crude however helpful metric that can be utilized to consider the well being of a public blockchain. Ethereum sports activities 16x extra addresses than second-place Solana, however remains to be cheaper on a Price / Address foundation.

    Not Financial Advice

    Also value mentioning is that initially of the weblog publish, Mr. Hayes has issued a disclaimer during which he states that each one views expressed within the article are his. Furthermore, they need to not type the premise of any monetary selections nor be construed ‘as a recommendation or advice to engage in investment transactions’.

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