Arthur Hayes’ Hot Take: Ethereum to $5,000 Before Solana Even Nears $300

• Arthur Hayes favors a quicker surge for ETH than SOL.
• Users believe ETH’s institutional backing is crucial for adoption.
• ETH is trading around a long-term ascending support line.

BitMEX co-founder Arthur Hayes has stirred up the crypto community with his latest prediction, stating that he believes Ethereum’s price will reach $5,000 before Solana achieves the $300 landmark. 

Hayes dropped this opinion in a recent post on X, and as you might expect, it got a lot of crypto enthusiasts talking. 

One respondent to Hayes’ comment agreed with his prediction, outlining the reasons why Ethereum might have a stronger bullish outlook compared to Solana. According to this user, Ethereum benefits from significant institutional backing, potential support from upcoming ETF developments, and a clearer path in terms of regulation.

What Advantages Does Solana Have, and What Are Its Challenges?

While acknowledging Solana’s speed and high throughput as key advantages for the network focused on scalability, the respondent also pointed out some challenges for Solana. These include its history of netwo…

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