BitMEX co-founder Arthur Hayes has recently made a bold prediction regarding the Ethereum (ETH) competitor, Aptos (APT).
During a recent interview with Coin Bureau’s Jessica Walker, Hayes forecasted that Aptos, a layer-1 (L1) smart contract blockchain, will surpass Solana (SOL) in the current market cycle.
“I’ll make this statement here and may provide further details later this summer once I am more active. Aptos will overtake Solana in the layer-1 arena. That’s my prediction. I won’t elaborate further at this time. I believe that Aptos could become the second-ranked L1 platform after Solana within the next one to three years,” Hayes stated.
With a market capitalization of $3.54 billion, Aptos is currently trading at $8.10, reflecting a 5.02% decline in the past 24 hours. Meanwhile, Solana, with a market cap of $72.246 billion, is trading at $155, down 3.78% in the last 24 hours.
Hayes also expressed his belief that memecoins are here to stay and will continue to gain popularity as more money is printed.
“Memecoins are a permanent fixture in the digital asset space and will only become more popular as more money enters the market. When I’m in Singapore, I see how people are willing to queue up for luxury brands like Chanel, Louis Vuitton, and Gucci. Similarly, they will eagerly trade the hottest memecoin online without needing to fully understand the technology behind it,” Hayes explained.
He emphasized the simplicity of memecoins for newcomers to the crypto space, likening it to following a trend in fashion.
“Memecoins are easy to understand for beginners. People see a funny meme or image, everyone else is investing in it, so they join in too. It’s a very human reaction. I believe memecoins are here to stay because they resonate with people on a relatable level,” Hayes added.
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