Ethereum Could Explode by Over 4,600%, And Bitcoin Could Hit $1M, New Prediction Says

It has been revealed the fact that ETH could explode in price by a staggering number of 4,600%. Also, BTC is predicted to hit $1M. Check out the latest reports about the matter below.

At the moment of writing this article, ETH is trading in the green, and the coin is priced at $2,076. BTC is trading at $37,135.

Arthur Hayes, the co-founder of BitMEX, has reiterated his bullish predictions for Bitcoin (BTC) and Ethereum (ETH).

Hayes believes that it is the right time to invest in cryptocurrencies and predicts that Ethereum could reach a six-figure price, representing a 4,669% increase from the current level. He has also previously predicted that Bitcoin will hit $1 million.

In his most recent blog post, Hayes suggests that the “smartest trade” would be to invest in cryptocurrencies as fiat currencies continue to debase across the globe.

According to him, Bitcoin and Ethereum are the “crypto’s reserve assets” while the rest of the cryptocurrencies are referred to as “sh*tcoins”.

In addition to Bitcoin and Ethereum, there are other opportunities in the crypto space that offer higher returns but come with greater risk, according to Hayes.

Some of these opportunities include layer-one blockchains that claim to be an improvement on Ethereum, such as Solana.

Although these blockchains suffered during the bear market, they are expected to rise and provide excellent returns for daring investors.

However, they are still overhyped and not expected to overtake Ethereum in terms of active developers, decentralized applications (DApps) activity, or Total Value Locked. Additionally, there are several DApps and their respective tokens that will experience a surge.

This is where you can potentially get 10,000x returns, but you should also be aware of the risks involved, as there is no reward without risk.

Stay tuned for more juicy news from the crypto space and make sure to watch the markets.