BitMEX Founder Arthur Hayes Reveals Ethereum, Solana and ETH Rival Predictions for Next Crypto Cycle

BitMEX co-founder Arthur Hayes says he leads Ethereum (ethereum) competitors are unlikely to beat the major smart contract platforms.

In a new interview with Crypto Banter, Hayes said that while some of the major layer 1 Ethereum rivals could present good deals in the next cycle, the long-term potential to overtake ETH in terms of market cap. He says he has no gender.

These things go up so fast that it makes sense to allocate to one or more of these things at the bottom. It’s not based on the number of transactions per transaction, it’s the genius of the developer.

Ethereum has thousands of developers. The next blockchain may be hundreds, but that’s all. Developers create this ecosystem. They build applications.

Using Solana as an example, Hayes says: Sol We are facing the challenge of finding a new narrative for the next bull market cycle. According to cryptocurrency veterans, the hype around transactions per second and low fees wont last very long.

If you think about it, every other layer 1 has a team that basically copies and pastes everything that was originally made on Ethereum. Entering Solana is a great f***ing trade.

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But now at $30 it’s trading a bit less. Do they actually have something to offer the market in the next cycle? What will they bring to the market in the next cycle? High gas prices.Thanks to some fancy math on paper, we are faster and the testnet is really fast

it works the first time. [It] It doesn’t work the second time…

I’ll look into some of them if the technical situation on the price chart looks good but my deep understanding is that they can beat ethereum at the moment because they don’t have the developer mindshare I don’t think there is anything.”

At the time of writing, Ethereum is trading at $1,310, flat on the day.

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