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Ethereum may rally to $10,000 or even $20,000 if the price breaks its highs.
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Stablecoins could reach a market size of $10 trillion by 2028.
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Ethena could soon surpass USDC as the market leader in terms of supply.
As Federal Reserve Chair Jerome Powell prepares for his Jackson Hole address, the crypto market is waiting with bated breath. Uncertainty is high with Bitcoin hovering around $113,500, and Ethereum trading just below $4,200.
Arthur Hayes, co-founder of BitMEX, has outlined his bullish vision for Ethereum and certain altcoins. He argues that the digital asset market could be redefined in the coming years.
He said the political and economic background in the United States indicates aggressive money printing in years to come, especially as the election pressures increase. If this happens, the crypto markets could remain in a bullish stage until 2027 or 2028.
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Why Ethereum Has More Potential
Ethereum is just beginning to regain lost ground. Bitcoin has already surpassed its previous record high. Hayes believes this is a set-up for a powerful rally to “catch up”.
If Ethereum reaches its previous highs, it could be quickly re-priced. Hayes’s long-term predictions suggest that Ethereum could move up to $10,000 or $20,000 in price.
Stablecoins & the Rise of New Altcoins
Analysts believe stablecoins will power the next big crypto-boom. The dollar-backed tokens may grow to $10 trillion by 2028 and become a major part of global finance. According to him, stablecoins will not only be used for trading, but also earn money by investing in U.S. Treasuries.
Hayes mentions Ethereum, Ethena and Hyperliquid when it comes to altcoins that are worth watching. Ethereum is the backbone for most crypto activity. This includes stablecoins, DeFi and other derivatives. Ethena’s supply has already doubled, and he sees it surpassing USDC.
Related From Pullback to Comeback, Altcoin Season Hype builds as market recovers
Hyperliquid may be newer, but it has a lot of potential in a market hungry for yield. Hayes said that these three coins may be the biggest winners in the crypto landscape as stablecoins are reshaping it.
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