Solana

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<p class="is-style-lead">Former BitMEX CEO Arthur Hayes recently highlighted Solana’s potential for recovery and growth in the crypto market after the FTX downfall and corruption.</p>
<p>After the conclusion of the FTX collapse and the legal battles that ensued, many speculated about the fate of Solana (<a href="https://crypto.news/price/solana/" data-type="link" data-id="https://crypto.news/price/solana/" rel="noopener noreferrer nofollow">SOL</a>), a cryptocurrency once favored by the now-convicted founder <a href="https://crypto.news/ftx-founder-sam-bankman-fried-is-guilty-to-all-charges-crypto-community-reacts/" data-type="link" data-id="https://crypto.news/ftx-founder-sam-bankman-fried-is-guilty-to-all-charges-crypto-community-reacts/" rel="noopener noreferrer nofollow">Sam Bankman-Fried</a>. Contrary to speculations, Hayes has recently spotlighted Solana, indicating a positive trajectory for the network.</p>
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   <p lang="en" dir="ltr">I think it might be time to get back on the train fam. Maybe after a few US banks bite the dust this weekend. <a href="https://t.co/SxCwK3BVYB" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/SxCwK3BVYB</a></p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1752972890843283660?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 1, 2024</a>
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<p>You might also like: <a href="https://crypto.news/former-bitmex-ceo-says-bitcoin-will-rally-to-750000-by-2026/" rel="noopener noreferrer nofollow"> Former BitMEX CEO says Bitcoin will rally to $750,000 by 2026 </a></p>
<p>Known for his expertise and experience in navigating the crypto <a href="https://crypto.news/markets/" data-type="link" data-id="https://crypto.news/markets/" rel="noopener noreferrer nofollow">market’s ups and downs</a>, Hayes posted his optimism for Solana to X, suggesting it might be time to invest in SOL.</p>
<p>The former BitMEX CEO, with a track record of making market predictions, also shared insights into his investment strategy in a recent essay. He discussed a potential downturn for Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) and his decision to sell some tokens to mitigate losses, including sales of Solana and Bonk tokens. Hayes plans to invest heavily in Solana and other <a href="https://crypto.news/altcoins-recovering-this-presale-project-is-rising/" data-type="link" data-id="https://crypto.news/altcoins-recovering-this-presale-project-is-rising/" rel="noopener noreferrer nofollow">altcoins</a> if Bitcoin’s price falls below $35,000, indicating his belief in Solana’s potential recovery and growth.</p>
<p>Solana’s market performance has been a rollercoaster, with significant fluctuations in its price. After a <a href="https://crypto.news/solana-dex-volume-breaks-28b-in-december/" data-type="link" data-id="https://crypto.news/solana-dex-volume-breaks-28b-in-december/" rel="noopener noreferrer nofollow">bullish surge</a> in late 2023, Solana experienced a correction in early 2024 but has shown resilience, maintaining a price indicative of investor confidence.</p>
<p>With Hayes’ <a href="https://twitter.com/CryptoHayes/status/1720039326418137161?s=20" data-type="link" data-id="https://twitter.com/CryptoHayes/status/1720039326418137161?s=20" target="_blank" rel="noopener noreferrer nofollow">previous comments</a> also being bullish, followed by a rise in price, his words potentially mean better days to come in the market for Solana.</p>
<p>Read more: <a href="https://crypto.news/solana-arbitrum-ethereum-defi-volumes-sol-price/" rel="noopener noreferrer nofollow"> Solana flips Arbitrum and Ethereum in defi volumes as SOL price eyes $120 </a></p>

Bitcoin billionaire Arthur Hayes urges a return to investing in Solana

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