Hayes stated that the market is currently entering a large bullish cycle related to the priorities of Donald Trump's administration. The more capital crypto companies can attract, the stronger the rally of the second-largest cryptocurrency will be.
"You have to take your hat off to Ethereum. Its impending growth is about to blow the entire market to smithereens," said Hayes.
He noted that almost all major projects in decentralized finance (DeFi) start with Ethereum. It has the most developers, the strongest community, and the experience of creating new categories in cryptocurrency.
This creates additional support for Ethereum, which is a more reliable asset than Solana. The Ethereum network has earned recognition from developers and traders, while Solana still needs a breakthrough application beyond meme coins. Until then, Ethereum will continue to shape the industry, and the popularity of ETH will only grow, believes the crypto investor.
Previously, Arthur Hayes expanded his investment portfolio with several new altcoins: Hyperliquid (HYPE), Lido DAO (LDO), and Ethena (ENA).
