The cryptocurrency world is buzzing with anticipation as Arthur Hayes, the co-founder and former CEO of BitMEX, has predicted an impending altcoin surge, with Solana (SOL) poised to spearhead the rally.
Hayes shared his insights on X, suggesting that the crypto community could see a massive surge in altcoin prices, driven by Solana’s potential to break the $100 barrier. He stated, “Who is ready for a weekend altseason green doji piss up? Can we send $SOL over $100? Let’s do it fam.”
Who is ready for a weekend alt szn green doji piss up? Can we send $SOL over $100? Let’s do it fam 🫡🫡🫡🫡🫡🫡
— Arthur Hayes (@CryptoHayes) December 5, 2023
Read Also: Solana (SOL) Projected To Capture 20% Of Ethereum Market Cap To Hit $453. Here’s when
Hayes, whose opinions are respected by crypto enthusiasts and investors, believes that Solana (SOL) could surge to $100, a price it hasn’t reached since April 2022.
It’s worth noting that Solana has been on the rise for the last two months. Last month alone, the digital asset enjoyed an impressive 57% surge and is currently trading at $63.38, showing a 5.21% surge in the past 24 hours.
Considering Solana’s performance and the broader crypto market’s current surge, a 57% surge to $100 doesn’t seem impossible. Bitcoin has crossed 44,000, and everyone expects the crypto market to keep rising with Bitcoin.
Market conditions suggest that an altcoin season is on the horizon, with Hayes’s prediction potentially marking the beginning of a significant shift in market dynamics.
The anticipation of the approval of a Bitcoin spot Exchange-Traded Fund (ETF) has also helped drive the crypto market’s surge, and a prominent voice in the market expects this approval to come this year, which is expected to bring a bigger surge.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Solana (SOL) Just Breached Key Resistance Level, Signaling the Start of a Surge to $100
The Crypto Community Responds
The community has welcomed this prediction with open arms. One user on X wrote, “SOL comeback,” expressing optimism for a comeback for the digital asset. If it can keep its momentum going, $100 could just be the start for Solana.
Another user added, “Agreed. Doubling in price is max pain,” agreeing with Hayes and expecting Solana to double its price, which would send it over $120. Another crypto enthusiast confidently agreed with Hayes’s prediction.
As the crypto community eagerly awaits the outcome of the forecast, all eyes are on Solana (SOL) performance and its potential to break the $100 threshold. Crypto investors and enthusiasts are monitoring market developments for signs of an impending alt season.
Meanwhile, Solana also recently breached a key resistance level, increasing the chances of a breakout to $100. With SOL taking center stage in the crypto market, the upcoming weekend holds promise for those seeking to capitalize on a potential surge.
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