Arthur Hayes predicts Solana will rise to $200

by in Cryptocurrency News

Arthur Hayes

Cryptocurrency Solana (SOL) has shown very good results over the past 12 months.

The SOL rate is around $135.47, the coin is in sixth place in the ranking of the largest digital currencies.

The altcoin reached its historical maximum in early November last year. Then the rate of SOL exceeded $260.

According to Arthur Hayes, the founder of BitMEX crypto exchange, Solana will be able to skyrocket in price up to $200. The activity of SOL addresses is growing rapidly, and this factor stimulates the growth of the value of the altcoin.

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Solana is the second-largest blockchain after Ethereum. However, unlike ETH, SOL developers offer users more favorable conditions for sending and receiving funds. That is why the number of unique addresses in the network is increasing, and the demand for the underlying asset of the network is increasing, Hayes said.

He also predicts the rise of the ether. Hayes expects the largest altcoin to jump to $10,000 after the release of the updated ETH 2.0 network.

However, the founder of BitMEX noted that his forecast may not come true, as factors may appear at any time that will provoke a drop in the value of both Solana and Ethereum.