Arthur Hayes predicts that the price of Ether may experience a big increase along with the progress in artificial intelligence technology.

Referring to the possibility that artificial intelligence applications create decentralized autonomous organizations (DAOs) to run smart contracts, Hayes predicts that tokens issued by artificial intelligence DAOs will be traded on decentralized exchanges and exchanges that mostly run on Ethereum.

Hayes said, "DEXs are suitable structures to support the purchase and sale of all types of tokens issued by an artificial intelligence-powered DAO. DAOs will raise funds and issue tokens on the chain. A large number of new DAO tokens will be traded on DEXs. As DAOs receive more economic value from companies, DEXs will broker more transactions than traditional centralized exchanges.” he made a comment and argued that DEXs on Ethereum will receive the largest share of this.

If this scenario happens, ETH could increase by up to 1500%”

Hayes suggested that if this scenario happens as predicted, DEX trading volumes could reach 20 percent of the traditional exchange volumes recorded in 2022, and Ether could increase by 1556 percent from $ 875 thousand to $ 31 thousand. #ETH #BTC #crypto2023