Arthur Hayes, the co-founder and ex-CEO of the crypto trading platform BitMEX, has identified Solana as the optimal choice for investment during the period when alternative cryptocurrencies are thriving. The co-founder of BitMEX, who has amassed a fortune in Bitcoin, suggested he might invest in Solana again. He showed enthusiasm for the digital currency’s recent value trends and its prospects moving forward. He seems to be eyeing Solana as the upcoming standout among alternative cryptocurrencies. In a post on X, previously known as Twitter, published on Thursday, Hayes posted a price chart from Binance that showed the fluctuations in the value of Solana’s own cryptocurrency, SOL, when matched against the stablecoin Tether, referred to as USDT. The graph indicated that the cost of Solana had dropped into a danger zone, registering at $94.68. The Bitcoin magnate has thus advised traders to reconsider investing in Solana, hinting at an impending upswing for the digital currency. In other news, a cryptocurrency expert anticipates an extraordinary increase of 122,563% in the value of Shiba Inu, revealing the projected price target. Hayes suggested that people should consider re-entering the Solana market following the downfall of multiple US banks that occurred over the past weekend. The U.S. entrepreneur thinks that should a major banking emergency arise, it could lead the Federal Reserve to inject capital into the marketplace. This move might set off a wider surge in the cryptocurrency market, with Solana potentially at the forefront of the upward swing. Currently, Solana’s trading value stands at $101.89, as per CoinMarketCap data.