Ethereum

Arthur

BitMEX’s co-founder and former CEO Arthur Hayes made a striking comment about the altcoin king <a href="https://en.coin-turk.com/ethereum-price-analysis-analyst-predicts-a-last-dip-before-the-rise/" data-wpel-link="internal">Ethereum</a> (ETH). Hayes announced that he sold his Solana (<a href="https://en.coin-turk.com/solana-sol-coin-news-solana-announces-integration-with-shopify-for-solana-pay/" data-wpel-link="internal">SOL</a>) holdings and bought more ETH, expecting it to rise to $5000. 
<h2 style="text-align: justify" id="strong-i-sold-sol-and-bought-more-eth-strong">“I Sold SOL and Bought More ETH”</h2> 
Known for his timely and accurate calls, Hayes shared a bold prediction for ETH from his personal X (formerly known as Twitter) account. The famous predictor stated that he sold his SOL and bought more ETH in anticipation of the largest altcoin reaching $5000: 
<blockquote> 
 I must confess something. While meditating, I felt the need to abandon Sam coin (SOL) and switch to Vitalik Buterin’s ETH. So, I sold my SOL and bought more ETH. I’m waiting for ETH to rise to $5000. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-292404" src="https://coin-turk.com/wp-content/uploads/2023/12/Arthur-Hayes-Altcoin-ETH-SOL.png" alt="" width="555" height="218"> 
According to current data, ETH is trading at $2260 at the time this article was written. Hayes’ forecast of $5000 represents an approximate 2.5-fold increase for the altcoin king. 
<h2 style="text-align: justify" id="strong-solana-s-sol-hits-100-strong">Solana’s SOL Hits $100</h2> 
Meanwhile, the price of Solana’s SOL, which Hayes announced he sold, has reached $100. Current data shows that SOL, after a slight pullback, is trading at $98.72, up 17.60% in the last 24 hours. SOL, which took a heavy hit with the bankruptcy of the cryptocurrency exchange FTX in November 2022 and fell to $8, is now back to its April 2022 levels. SOL’s significant rise has brought it to a market value of $42 billion, making it the fourth-largest cryptocurrency. 
Market observers and analysts emphasize that the $100 level is a significant threshold for the altcoin, and surpassing this threshold could lead to a much stronger upward momentum. However, they also warn that the current rise may have reached an extreme point and advise caution. Continue Reading: <a href="https://en.coin-turk.com/bitmex-co-founder-arthur-hayes-buys-more-ethereum-expects-price-to-hit-5000/" data-wpel-link="internal">https://en.coin-turk.com/bitmex-co-founder-arthur-hayes-buys-more-ethereum-expects-price-to-hit-5000/</a>

BitMEX Co-Founder Arthur Hayes Buys More Ethereum, Expects Price to Hit $5000

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