BitMEX co-founder Arthur Hayes just revealed a massive prediction for Ethereum (ETH) competitor Aptos (APT).
In a new interview with Coin Bureau co-host Jessica Walker, Hayes predicted that layer 1 (L1) smart contract blockchain Aptos will overtake Solana (SOL) this market cycle.
“I will post this in this specific location, and as things turn around, I will qualify this with more information later this summer. Aptos upsets Solana in its layer 1 game. I’ll put it there. I won’t say more than that.
I think Aptos could overtake Solana and become L1 #2 this cycle. That is a one to three year forecast.”
Aptos, which has a market capitalization of $3.54 billion, is trading at $8.10 at the time of writing, down 5.02% in the last 24 hours. Meanwhile, Solana, which has a market capitalization of $72.246 billion, is trading at $155 at the time of this writing, down 3.78% in the last 24 hours.
Hayes also predicts that memecoins are a digital asset sector that will not go away.
“Memecoin is here to stay and will only get crazier as more money is printed. I go to Singapore often and it is a small place and a very homogeneous society among the major ethnic groups. Whenever I walk to the shopping district along Orchard Road to run errands, passing Chanel stores, Louis Vuitton, Gucci, etc., the mainstream big brands always have local Singaporeans queuing up to buy the alphabet pieces they want to wear on their bodies…
So if people are willing to stand in line to buy cowhide with ‘L’ and ‘V’ tattoos on them, they will certainly be sitting on their computers and on the internet trading whatever memecoin is popular this cycle. You don’t need to understand anything about cryptocurrency any more than you need to understand anything about fashion.
‘Everyone else likes it too. I like it too. Very, very human. So I think memecoins are here to stay. For someone who is just getting into cryptocurrency, it seems like the easiest thing to understand in a literal sense. ‘Ah, yes, that’s a really cool image. That’s a really funny joke that I understand and everyone else is in on the joke. If the joke goes viral, I can make money too. Ok, fine. I will buy this memecoin.’”
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