Arthur Hayes Makes Bold Predictions: Solana For $3, Ethereum For $700

Arthur Hayes predicted the potential levels of assets like Solana, Bitcoin, and Ethereum that will draw the interest of whales and long-term holders on his official Twitter account.

However, if cryptocurrency prices rise to the aforementioned level, investors will suffer unrealized losses in the millions of dollars. H

Arthur Hayes claims that money managers who were negatively impacted by the FTX scenario would restrict the amount of trading venues they utilize, leading to another liquidity crisis in the market that will be the primary driver of another decline.

If the CPI figures released on November 10 turn out to be higher than projected once more, traditional financial markets will see a weekend decline and this week would rank among the worst for the market in 2022.

Most cryptocurrencies should return to extremely low values when yet another liquidity crisis passes the market, attracting bottom-feeders and institutional investors that are eager to average down their existing holdings or gain exposure to the market at two-year low prices.

Arthur Hayes predictions prices will rise between $10,000 and $15,000 for Bitcoin

According to Arthur Hayes, prices will rise to between $10,000 and $15,000 for Bitcoin, between $750-$1,000 for Ethereum, and $3 for Solana. Another nosedive for Solana is more than conceivable, but the run to the aforementioned levels on Bitcoin and Ethereum may seem like an unreasonably unfavorable ending.

60 million SOL coins will be released from staking in a few hours from the time of publication and will likely reach the market, triggering previously unheard-of selling pressure that will likely be the project’s toughest test for Solana and its backers.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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