Arthur Hayes Predicts Ethereum Will Outperform Solana This Cycle
Arthur Hayes, co-founder of BitMEX, expressed a strong preference for Ethereum (ETH) over Solana (SOL) in an August 21 interview. He anticipates significant price increases for both but expects ETH to outperform SOL. Key points from the discussion include:
- Hayes supports a heavier investment in ETH compared to SOL.
- The shift in market sentiment favors Ethereum due to increased institutional interest and capital inflows.
- He predicts ETH could reach between $10,000 and $20,000 as momentum accelerates after breaking resistance levels.
- Despite his bullish stance on ETH, he acknowledges SOL will also rise but likely not as much as ETH.
- Current trading price for ETH is $4,285.
Overall, Hayes’ analysis emphasizes the robust demand for ETH driven by institutional investments and its potential for substantial upside movement in the current cycle.
