Arthur Hayes, the former CEO of BitMex, made hints about a possible altcoin season this weekend, concentrating on the likelihood that Solana (SOL) may cross $100. On social media, he expressed his excitement and predicted a good weekend for market moves.
Hayes, who is renowned for his astute observations of market patterns, predicts that SOL, which is presently trading at $63.2, may rise by an astounding 66.6% during the next several days.
This prediction is made in the midst of Solana’s spectacular two-month rise, which has seen a notable increase of more than 200% since mid-October. If Hayes’ predictions come to pass, it may be a significant turning point for the well-liked token.
Hayes’s confidence about cryptocurrencies becomes relevant when one considers that Bitcoin (BTC) is now trading about $44,000 and has been constantly achieving local highs. The state of the market is consistent with his projections, indicating that an altcoin season may be gaining traction this weekend.
Hayes, who predicted a busy December for the cryptocurrency market, has remained upbeat about the year. His previous forecasts have come true, so it makes sense that SOL may set new records this weekend.
The cryptocurrency world is still concentrating on Solana’s performance and its chance to surpass the $100 threshold as they wait to hear Hayes’ prediction. Every cryptocurrency fan and investor is watching the market closely for any signs that might indicate the start of altcoin season.
With SOL dominating the crypto discourse, the weekend looks promising for those hoping to profit from the expected price swings.
