BitMEX Founder Reveals ETH, SOL Price Predictions

It’s been revealed that there is a new prediciton about the prices of the digital assets ETH and SOL. Check out the latest reports about the cryptos below.

BitMEX co-founder Arthur Hayes says leading Ethereum (ETH) competitors probably don’t stand a chance of taking out ETH.

In a new interview with Crypto Banter, Hayes says some of the leading layer-1 Ethereum rivals could present good trades next cycle,.

On the other hand, he believes that they do not have long-term potential to overtake ETH in terms of market cap.

“It would make sense to allocate to one or more of these things at the bottom, because they’re going to go up fast. Now, I don’t think anything comes close to competing with Ethereum. It’s not all based on transactions per second or blah blah blah the other stuff. It’s developer talent.”

He said the following:

“Ethereum has a few thousand developers. The next blockchain might have a few hundred, and that’s all that matters. The developers create this ecosystem. They build the applications.”

As per the online publication the Daily Hodl, using Solana as an example, Hayes says SOL faces the challenge of finding a new narrative for the next bull market cycle.

According to the crypto veteran, hype around transactions per second and lower fees can only work for so long.

“If you think about it, every other layer-1 has teams basically copying and pasting everything that’s been created on Ethereum first. Which is fine, getting into Solana when it’s a few cents at out at $200, great f***ing trade.”

At the moment of writing this article, ETH is trading in the green, and the coin is priced at $19,120.

The crypto market looks good today, with most of the digital assets trading in the green. Stay tuned for more news.