Arthur Hayes Says This Altcoin Is His Top Pick Ahead of US Election, Predicts the Crypto Asset Will Outperform

BitMEX founder Arthur Hayes names an altcoin that he thinks will outperform the remaining forward of the upcoming US presidential election.

In a brand new interview on the Unchained YouTube channel, the crypto veteran says he’s fascinated about buying and selling Ethereum (ETH) rival and good contract platform Solana (SOL) as he believes it can rise in value alongside Bitcoin (BTC).

“Going into the elections, I’ll commerce in SOL. It is excessive beta Bitcoin so I would like the quick motion, it is liquid and I do know it’ll pump if Bitcoin does nicely – I wish to commerce SOL. I do not wish to commerce ETH.”

In keeping with Hayes, Ethereum is simply too “outdated, sluggish and boring,” which is why he’s turning to Solana, as he believes it can outperform each the crypto king and the highest altcoin in the course of the subsequent bull market.

“Solana has the mindshare, it is transferring, it is excessive beta Bitcoin, and so I took just a few small positions. Bitcoin broke out [but] I am not going to purchase Bitcoin, let me purchase SOL as a result of when the market turns, it can carry out higher.”

Nevertheless, Hayes notes that he will not be promoting any of his lengthy ETH positions to wager on Solana.

“That is to not say I will promote my ETH, which has a really lengthy core place. It is simply that Solana is a greater buying and selling automobile proper now, given the market share it has in it.”

Solana is buying and selling at $169.51 on the time of writing, down 1.51% over the previous 24 hours, whereas Ethereum and Bitcoin are valued at $2,502 and $70,749 respectively.

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