Analyst Predicts Ethereum Could Explode By Up To 1,556% In An AI-Powered Economy — Here's How
Portfolio Pulse from Bibhu Pattnaik
Arthur Hayes, co-founder and former CEO of BitMEX, predicts that Ethereum (ETH) could rally by 1,556% from its current price of $1,875 to $31,063. He believes that Ethereum will benefit from AI technology, with AI applications establishing decentralized autonomous organizations (DAOs) to execute smart contracts. Hayes also anticipates that tokens issued by the AI DAOs will trade on decentralized exchanges (DEXs) primarily built on Ethereum.
July 29, 2023 | 2:25 pm
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Ethereum (ETH) is predicted to rally by 1,556% due to the potential benefits from AI technology and decentralized exchanges.
The prediction by Arthur Hayes, a well-known figure in the crypto industry, could potentially influence investor sentiment and drive up the price of Ethereum in the short term. However, the realization of this prediction depends on the adoption of AI technology and the growth of decentralized exchanges, which are uncertain factors.
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