Arthur Hayes, co-founder of BiMEX, predicts that Ethereum (ETH) is expected to outperform Solana (SOL) in the current bull run.

In an interview with Fortune magazine on May 18, Hayes stated: "The prospects for Ethereum are better mainly because it is unpopular." He pointed out that despite ongoing doubts about Ethereum from the outside, it still has the highest total locked value (TVL), the most developers, and is the most secure proof-of-stake blockchain.

Hayes acknowledged that since 2020, ETH's price performance has not been ideal, while Solana has shown rapid growth. However, he added: "If new fiat capital is to be deployed in the system, I believe Ethereum may outperform Solana in the upcoming 18-24 months bull run."

Solana's main use case is meme coins, and the network performed exceptionally well during the hype earlier this year. However, with the bubble bursting, its activity and revenue have significantly declined. In contrast, despite facing various FUD (fear, uncertainty, and doubt) and negative public opinion, Ethereum remains the industry standard for DeFi, DApps, stablecoins, and RWAs, dominating the market share across various fields.

From recent performance, Solana has risen from a low of 100 USD in April to over 180 USD on May 14, before falling back to below 165 USD; Ethereum has risen from a low of 1,400 USD to nearly 2,700 USD on May 14, then also fell back to below 2,400 USD. Although the trends are similar, Ethereum has performed slightly better over the past six weeks, which may be why Hayes is optimistic about its future rally.

When asked about the next trend in the cryptocurrency market, Hayes stated that 20% of his portfolio is allocated to gold and believes that BTC's dominance will continue to rise. He predicts that Bitcoin could approach $200,000 in the next slight increase, followed by an altcoin season, during which some interesting things will be seen.

Hayes also predicts that the target price of BTC will reach around $250,000 by the end of this year. In a recent blog post, he stated that the pressure on the dollar could push the price of BTC up to $1 million before the end of this century. At the same time, "the return of foreign capital and the depreciation of massive U.S. government bonds will become the two major catalysts driving the price of Bitcoin to reach $1 million from now until 2028."

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