Wednesday, December 7, 2022
    HomeEthereumBitmex's Hayes: Ethereum Could Rise to $10k and Solana to $200

    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
    • In line with 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 value of SOL will profit from this
    • Arthur Hayes affords a disclaimer that his opinion shouldn’t be considered as monetary recommendation

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

    Nonetheless, 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

    Within the informative weblog put up, 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 considerably outperform any L1 chain that constructed a story that it’s “quicker 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%. As well as, the rewards issued to validators ‘renders ETH a bond’. He explains:

    Ether will not be 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. Publish-merge, ETH will. Due to this fact, Bitcoin is cash, and ETH is a commodity-linked bond.

    Solana Has the 2nd Highest Variety 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 can 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 guage the well being of a public blockchain. Ethereum sports activities 16x extra addresses than second-place Solana, however remains to be cheaper on a Worth / Deal with foundation.

    Not Monetary Recommendation

    Additionally value mentioning is that at the start of the weblog put up, Mr. Hayes has issued a disclaimer during which he states that each one views expressed within the article are his. Moreover, they need to not kind the premise of any monetary selections nor be construed ‘as a advice or recommendation to interact in funding transactions’.

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