Summary
- Arthur Hayes, co-founder of BitMEX, stated that Ethereum will reach $5000 before Solana.
- Hayes's statement led Ethereum supporters to react positively, but some institutions predicted a downtrend for Ethereum.
- Currently, Ethereum is trading at $2055, and Solana is trading at $139.
There is a claim that Ethereum (ETH) will rise before Solana (SOL).
On the 24th (local time), Arthur Hayes, co-founder of BitMEX, claimed on X that "Ethereum will reach $5000 before Solana reaches $300." This represents an increase of approximately 143% and 116% compared to the current prices of Ethereum and Solana, respectively.
Ethereum supporters reacted positively to this statement. This is because pessimistic evaluations of Ethereum's rise have increased recently. Previously, Standard Chartered had lowered its year-end target for Ethereum from $10,000 to $4,000, predicting a continuous decline. Bloomberg also pointed out that "Ethereum has fallen by about 40% over the past year due to a lack of leadership and strategy," indicating that the demand for Ethereum in the market is unstable.
As of 3:27 PM, Ethereum is trading at $2055, down 0.52% from 24 hours ago, and Solana is trading at $139, up 0.77%, based on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
