BitMEX co-founder Arthur Hayes has recently made a bold statement regarding the future of Aptos (APT), a competitor to Ethereum (ETH).
During a conversation with Coin Bureau co-host Jessica Walker, Hayes shared his belief that Aptos, a layer-1 (L1) smart contract blockchain, will surpass Solana (SOL) in the current market cycle.
“I’m putting it out there right now and will provide more details later this summer when I have more information. Aptos will overtake Solana in the layer-1 arena. That’s all I’ll say for now. I believe Aptos has the potential to become the second-largest L1 platform after Solana within the next one to three years,” Hayes stated.
As of the time of writing, Aptos has a market capitalization of $3.54 billion and is trading at $8.10, experiencing a 5.02% decline in the last 24 hours. Meanwhile, Solana, with a market cap of $72.246 billion, is priced at $155, showing a 3.78% decrease in the last 24 hours.
Hayes also expressed his views on memecoins, emphasizing that they are here to stay and will only become more popular as more money is injected into the market.
“Memecoins are not going anywhere and will only become more popular as more money is printed. I see it firsthand in Singapore, where people are willing to queue up for luxury brands like Chanel, Louis Vuitton, and Gucci. If they are willing to do that, they will definitely engage in trading memecoins online,” Hayes remarked.
He added, “For beginners in the crypto space, memecoins are the easiest to understand. It’s like being part of an inside joke that everyone gets, and you can make money as the joke spreads. It’s a very human aspect of trading.”
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