BitMEX co-founder Arthur Hayes recently made a bold prediction about Aptos (APT), a competitor to Ethereum (ETH).
During an interview with Coin Bureau co-host Jessica Walker, Hayes forecasted that Aptos, a layer-1 (L1) smart contract blockchain, will surpass Solana (SOL) in the current market cycle.
“I’m putting it out there now, and I may provide more details later this summer once I’m fully back in the game. Aptos will overtake Solana in the layer-1 arena. That’s my statement. I won’t elaborate further. I believe Aptos could become the second-ranked L1 platform after Solana in the next one to three years,” Hayes stated.
Aptos currently has a market capitalization of $3.54 billion and is trading at $8.10, experiencing a 5.02% decrease in the last 24 hours. On the other hand, Solana has a market cap of $72.246 billion and is trading at $155, with a 3.78% decline in the last 24 hours.
Hayes also expressed his belief that memecoins are a permanent fixture in the digital asset sector.
“Memecoins are here to stay and will only get more popular as more money is injected into the market. I see it firsthand in Singapore, where people stand in line to buy luxury goods from top brands. Similarly, they will eagerly trade the latest memecoin online because it’s trendy and easy to understand, just like fashion trends,” Hayes explained.
He emphasized that memecoins are appealing to newcomers in the crypto space as they are simple to grasp and participate in.
“It’s a very human behavior – to want to be part of something that everyone else is involved in. Memecoins offer that accessibility and fun element that attracts new investors who may not fully grasp the complexities of cryptocurrencies,” Hayes added.
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