Arthur Hayes Predicts Solana Will Soar to $200

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According to Arthur Hayes, founder of crypto exchange BitMEX, 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.

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

According to him, Ether will also grow. 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 has noted 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.