Memecoins
Arthur Hayes Unveils Big Aptos (APT) Prediction and Updates Memecoin Sector Outlook
Arthur Hayes, co-founder of BitMEX, just revealed a massive prediction for Ethereum (ETH) competitor Aptos (APT).
In a new interview with Coin Bureau co-host Jessica Walker, Hayes predicted This Aptos layer 1 (L1) smart contract blockchain will surpass Solana (GROUND) this market cycle.
“I’m going to post this on this particular venue and I’ll qualify it with more information probably later this summer once I’m back in the thick of it. Aptos flips Solana in Layer 1 play. I’ll put that out there. I’m not going to say more.
I think Aptos could be number two in L1 against Solana in this cycle. This is a one to three year forecast.
Aptos, with a market cap of $3.54 billion, is trading at $8.10 at the time of writing, down 5.02% in the last 24 hours. Meanwhile, Solana, with a market cap of $72.246 billion, is trading at $155 at the time of writing, down 3.78% in the last 24 hours.
Hayes also predicts that memecoins are a digital asset sector that is not going away.
“Memecoins are here to stay and are going to get even crazier as there is more money printed. I’m in Singapore a lot and it’s a small place and a very homogenous society across major ethnicities and every time I walk down Orchard Road to the shopping district to do some shopping and pass the Chanel, Louis Vuitton, Gucci, all Among major mainstream brands, there is always a line of local Singaporeans queuing to buy the piece of alphabet they want to put on their body…
So if people are willing to line up to buy cowhide with an “L” and a “V” tattooed on it, then they will definitely sit on their computers and the Internet and trade whatever memecoin which is trending this cycle because you don’t. You don’t need to understand anything about cryptography, just like you don’t need to understand anything about fashion.
“Everyone likes it. I like that too. Very, very human. So I think memecoins are here to stay. For the person just being introduced to crypto, this is literally the easiest thing to understand. ‘Oh, yeah, that’s a cool picture. It’s a really funny joke that I understand and everyone is in on the joke and I can make money as the joke gains virality. OK cool. I’m going to buy this memecoin.’
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