The founder and former CEO of Bitmex, Arthur Hayes, has penned a brand new weblog submit by which he offers a $10,000 worth prediction for Ethereum and a $200 worth prediction for Solana.
Nevertheless, 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 submit, 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 “sooner and cheaper” than Ethereum’.
He goes on to elucidate 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 is just not cash — it’s a commodity that powers the world’s largest decentralised pc. As I defined in “Sure I Learn the Whitepaper”, the Ethereum neighborhood clearly determined that ETH is a commodity used to energy this pc, not a pure financial instrument.
Bitcoin doesn’t have an implicit yield in BTC phrases on the protocol stage. Put up-merge, ETH will. Subsequently, 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 mentioned.
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 continues to be cheaper on a Worth / Tackle foundation.
Not Monetary Recommendation
Additionally value mentioning is that in the beginning of the weblog submit, Mr. Hayes has issued a disclaimer by which he states that every one views expressed within the article are his. Moreover, they need to not type the idea of any monetary selections nor be construed ‘as a advice or recommendation to have interaction in funding transactions’.