- Arthur Hayes has predicted that Ethereum might surge to $10,000 and Solana to $200
- In accordance with Hayes, Ethereum’s rewards on a PoS community make ETH a bond
- Stakers on ETH2.zero might see 8 – 11.5% APR
- Solana has the second highest addresses after Ethereum and the worth of SOL will profit from this
- Arthur Hayes affords a disclaimer that his opinion shouldn’t be construed as monetary recommendation
Bitmex founder and former CEO Arthur Hayes has written a brand new weblog put up giving a worth prediction of $10,000 for Ethereum and a worth prediction of $200 for Solana.
Nevertheless, Hayes has not supplied a exact timeline for the above values of ETH and SOL to be realized.
Ethereum’s merger into Proof-of-Stake makes ETH a bond
Within the informative weblog put up, Mr. Hayes additional emphasizes that the Ethereum community will quickly swap from proof-of-work to proof-of-stake throughout the merger deliberate for later this yr.
Over the course of 2022, Hayes expects “ETH to considerably outperform any L1 chain that has constructed the narrative that it’s “sooner and cheaper” than Ethereum.”
He goes on to elucidate that post-merger ETH stakers might earn an APR of round 8% to 11.5%. Moreover, rewards issued to validators “lend” ETH a bond. He explains:
Ether is not cash — it is a commodity that powers the world’s largest distributed pc. As I defined in Sure I Learn the Whitepaper, the Ethereum group has clearly determined that ETH is a commodity used to energy this pc and never a purely financial instrument.
Bitcoin has no implied return in BTC phrases on the protocol degree. Publish-merger can be ETH. Subsequently, Bitcoin is cash and ETH is a commodity-linked bond.
Solana has the second highest variety of addresses
Relating to Solana, Arthur Hayes concludes the variety of addresses that the community is the second hottest blockchain and can positively affect the worth of SOL. He mentioned.
The variety of addresses in a given chain is one other crude however helpful metric that can be utilized to evaluate the well being of a public blockchain. Ethereum has 16x extra addresses than second-placed Solana, however continues to be cheaper on a worth/tackle foundation.
No monetary recommendation
It’s also value noting that Mr. Hayes posted a disclaimer in the beginning of the weblog put up stating that each one views expressed within the article are his. As well as, they need to not kind the premise of any monetary resolution or be construed as “suggestion or recommendation on easy methods to undertake any funding transaction”.