The founder and former CEO of Bitmex, Arthur Hayes, has penned a brand new weblog put up by which he provides a $10,000 worth prediction for Ethereum and a $200 worth prediction for Solana.
However, 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
In 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 in the course of the merge that’s scheduled for later this 12 months.
As 2022 progresses, Hayes expects ‘ETH to significantly outperform any L1 chain that constructed a narrative that it is “faster and cheaper” than Ethereum’.
He goes on to clarify that after the merge, stakers of ETH might earn an APR of round 8 to 11.5%. In addition, 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 group 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. Post-merge, ETH will. Therefore, Bitcoin is cash, and ETH is a commodity-linked bond.
Solana Has the 2nd Highest Number 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 will 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 consider the well being of a public blockchain. Ethereum sports activities 16x extra addresses than second-place Solana, however continues to be cheaper on a Price / Address foundation.
Not Financial Advice
Also value mentioning is that originally of the weblog put up, Mr. Hayes has issued a disclaimer by which he states that every one views expressed within the article are his. Furthermore, they need to not type the premise of any monetary selections nor be construed ‘as a recommendation or advice to engage in investment transactions’.
