#EthereumFuture

🚀💥Why Arthur Hayes Sees Ethereum Outperforming Solana In The Next Market Impulse

Amid price struggles over the past two years, Ethereum has been reduced to a meme in cryptocurrency circles, written off by retail and institutional investors alike.

Well, retail and institutional investors, except BitMEX founder and Maelstrom Chief Investment Officer Arthur Hayes. Where others see a lost cause, Hayes sees opportunity, picking the asset over market rival Solana, one of the best-performing crypto assets of the past two years.

Hayes has pitched his tent behind Ethereum against Solana. Speaking with Laura Shin on the “Unchained” podcast on April 8, the market analyst tipped Ethereum to outperform Solana in the market’s next potential move up.

He stressed that this outlook did not mean that Solana would not also see significant gains but opined that it may not perform as well relative to Ethereum.

Another reason Hayes offered for backing Ethereum is an anticipated cool down of the memecoin frenzy on Solana in a potential market leg up.

Nonetheless, in the short term, it is Ethereum’s underwhelming price performance that continues to attract wide concern. Amid recent market turbulence, the asset briefly dropped below the $1,400 price point—levels it first hit at the beginning of 2018.