Arthur Hayes: Solana Could Outperform Ethereum as High-Beta Bitcoin

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BitMEX founder Arthur Hayes shared his preference for Solana over Ethereum, calling it a "high beta Bitcoin” due to its responsiveness to market shifts.With the U.S.election approaching, Hayes suggested that Solana could outpace other altcoins and even surpass Ethereum, which he describes as "old, slow, and boring.” He highlighted that SOL’s liquidity and […]

The post Arthur Hayes: Solana Could Outperform Ethereum as High-Beta Bitcoin appeared first on Coin Edition.

He explained that he plans to turn to Solana for quick trades, viewing it as a better short-term vehicle than Ethereum, which he’s held for an extended period.

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Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets: India

Topics: News Solana Ethereum Market News Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 06:21:42 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 143 words

Reading Time: 1 minutes read

Sentences: 41 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23369115

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