{"id":57116,"date":"2022-04-02T13:28:37","date_gmt":"2022-04-02T12:28:37","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=57116"},"modified":"2022-04-02T13:28:42","modified_gmt":"2022-04-02T12:28:42","slug":"bitmexs-hayes-ethereum-to-10k-and-solana-to-200","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/bitmexs-hayes-ethereum-to-10k-and-solana-to-200\/","title":{"rendered":"Bitmex’s Hayes: Ethereum Could Rise to $10k and Solana to $200"},"content":{"rendered":"\n
The founder and former CEO of Bitmex, Arthur Hayes, has penned a new blog post<\/a> in which he gives a $10,000 price prediction for Ethereum<\/a> and a $200 price prediction for Solana. <\/p>\n\n\n\n However, Hayes did not provide a precise timeline for the aforementioned values of ETH and SOL to materialize. <\/p>\n\n\n\n In the informative blog post, Mr. Hayes goes on to highlight that the Ethereum network will soon switch from proof-of-work to proof-of-stake during the merge<\/a> that is scheduled for later this year. <\/p>\n\n\n\n As 2022 progresses, Hayes expects ‘ETH to significantly outperform any L1 chain that constructed a narrative that it is \u201cfaster and cheaper\u201d than Ethereum’.<\/p>\n\n\n\n He goes on to explain that after the merge, stakers of ETH could earn an APR of around 8 to 11.5%. In addition, the rewards issued to validators ‘renders ETH a bond’. He explains:<\/p>\n\n\n\n Ether is not money \u2014 it is a commodity that powers the world\u2019s largest decentralised computer. As I explained in \u201cYes I Read the Whitepaper\u201d<\/a>, the Ethereum community clearly decided that ETH is a commodity used to power this computer, not a pure monetary instrument.<\/p> Bitcoin does not have an implicit yield in BTC terms at the protocol level. Post-merge, ETH will. Therefore, Bitcoin is money, and ETH is a commodity-linked bond.<\/p><\/blockquote>\n\n\n\n With respect to Solana, Arthur Hayes uses the number of addresses to conclude that the network is the second most popular blockchain and will positively benefit the value of SOL. He said. <\/p>\n\n\n\n The number of addresses on a given chain is another crude but useful metric that can be used to evaluate the health of a public blockchain. Ethereum sports 16x more addresses than second-place Solana, but is still cheaper on a Price \/ Address basis.<\/p><\/blockquote>\n\n\n\nEthereum’s Merge into Proof-of-Stake Makes ETH a Bond<\/h2>\n\n\n\n
Solana Has the 2nd Highest Number of Addresses<\/h2>\n\n\n\n
Not Financial Advice<\/h2>\n\n\n\n