Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Arthur Hayes Calls Solana a Superior Version of Bitcoin to Ethereum

Arthur Hayes Calls Solana a Superior Version of Bitcoin to Ethereum

HappyCoinNewsHappyCoinNews2024/11/03 23:33
By:HappyCoinNews

Founder BitMEX Arthur Hayes named Solana "an improved beta version of Bitcoin" because the crypto project reacts promptly to market conditions. In his opinion, Solana may outpace other altcoins in price growth and even Ethereum , which he describes as "outdated, slow and boring."

Hayes plans to operate Solana for making quick trades, considering SOL a better short-term instrument than Ethereum , which he keeps for a long period. At the same time, the expert does not plan to sell his ethers:

I will be trading SOL during the election period. I expect speed from this beta version of Bitcoin when the real one Bitcoin will show good results…

 

This doesn't mean I'm going to sell all my ETH, which is a very long position. It's just that right now Solana is the best trading tool…

Hayes also noted the impressive recovery Solana from $7 to over $180 despite the FTX crash, which he said was proof of the token's ability to recover and hold value.

Hayes added that the upcoming US elections should not be considered the main force behind the long-term bull run. The main influence on the future of the crypto market is the Federal Reserve's stance on monetary policy.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Ether gains momentum as capital shifts from bitcoin and derivatives activity increases

Capital flows are shifting from bitcoin to ether, with derivatives market activity signaling growing confidence in ether’s near-term upside, analysts said.Ether has surged over 6% while in the past 24 hours, while bitcoin saw a slight decline, as open interest and demand for call options hit record highs for the second-largest cryptocurrency by market cap.

The Block2024/11/25 18:00

WisdomTree registers XRP ETF entity in Delaware: report

WisdomTree, an issuer of exchange-traded funds, registered an XRP ETF entity in Delaware.The move signals that the fund manager will likely file an S-1 registration with the SEC.

The Block2024/11/25 18:00