Arthur Hayes, the co-founder and former CEO of cryptocurrency exchange BitMEX, predicts that the price of Ethereum (ETH), the king of altcoins, will greatly benefit from artificial intelligence (AI) technology and rise by over 1,550%. “Artificial Intelligence” Prediction for Ethereum In his recent blog post, Hayes highlighted a scenario where artificial intelligence applications create decentralized autonomous organizations (DAOs) to execute smart contracts, stating that Ethereum’s position as the most widely used decentralized virtual machine provides a logical basis for such a scenario. According to Hayes, tokens issued by AI DAOs will be traded on decentralized exchanges (DEXs) and exchanges built primarily on Ethereum: Naturally, a DEX would be suitable for trading any form of capital, debt, service, participation, etc. The post Famous Forecaster’s Major Scenario for the Altcoin King! appeared first on COINTURK NEWS.
