It has been just predicted the fact that Ethereum could explode by more than 100% and hit a new ATH soon. Check out the latest optimistic predictions about this below.
ETH to hit new ATH soon
According to the co-founder of BitMEX, Arthur Hayes, Ethereum (ETH) is expected to hit a new all-time high (ATH) soon.
Hayes, in a recent tweet to his 424,600 followers on X social media platform, has predicted that the value of Ethereum will surge by over 100% from its current value, and outperform its rival, Solana (SOL).
“Fam, I have a confession to make. I received a message from the Lord while meditating. He said dump that Sam coin and profess your love for Archangel Vitalik. So I dumped SOL and bought more ETH.
ETH = $5,000.”
Ethereum is currently trading at $2,332, up by 4.7% in the past 24 hours. Hayes expresses his desire for Solana to continue to decline against Ethereum (SOL/ETH).
“Get Down!!!!
ETH = $5,000.”
At the moment, SOL/ETH is being traded for 0.04100 ETH, which is equivalent to $95.63.
Moreover, Hayes has expressed his views about the possible authorization of spot Bitcoin (BTC) exchange-traded funds (ETFs).
He has also discussed the disparities between a cash redemption model and an “in-kind” model.
“Bitcoin ETFs cash or in-kind creation what’s important?
In-kind is simpler and cleaner for the fund, as the fund doesn’t have to direct the trading of BTC, but it means BTC can be sourced from anywhere. Cash is more complicated, but it hands big power to the fund. The fund trading desk will have bigly power to direct what should be large trading flows of BTC.
Given the ‘made in America’ political zeitgeist, you can bet only politically connected brokers and exchanges will be used as counter-parties to buy and BTC for the fund. It will be interesting to observe how the market microstructure changes if at all.
Will price discovery move from East to West? Will the most important time to trade be Monday-Friday at 4 p.m. Eastern Daylight Time (EDT) when the creation/redemption window closes? This is going to open up juicy arbitrage opportunities for those who can trade on both American and non-American BTC exchanges.”
