Memecoins
Arthur Hayes reveals Big Aptos (APT) forecast and updates outlook on the Memecoin sector
BitMEX co-founder Arthur Hayes just revealed a huge prediction for Ethereum (ET) competitor Aptos (APP).
In a new interview with Coin Bureau co-host Jessica Walker, Hayes predicts that Aptos, a layer 1 (L1) smart contract blockchain, will surpass Solana (SOL) this market cycle.
“I will post it in this particular venue and qualify it with more information probably later this summer once we get back into the swing of things. Aptos upsets Solana in layer-1 play. I’ll publish it. I won’t say anything else.
I think Aptos could be the number two L1 over Solana within this cycle. This is kind of a one to three year forecast.
Aptos, with a market capitalization of $3.54 billion, is trading at $8.10 at the time of writing, down 5.02% in the past 24 hours. Meanwhile, Solana, with a market capitalization of $72.246 billion, is trading at $155 at the time of writing, down 3.78% in the past 24 hours.
Hayes also predicts that memecoins are a digital asset sector that won’t disappear.
“Memecoins are here to stay and will get even crazier as more money is printed. I’m often in Singapore, it’s a small place and a very homogenous society across the main ethnicities and every time I walk down Orchard Road to the shopping district to do some errands and I pass the Chanel store, Louis Vuitton, Gucci, all the big ones mainstream brands, there’s always a queue of local Singaporeans lining up to buy whatever alphabet piece they want to put on their body…
So if people are willing to stand in line to buy cowhide with ‘L’ and ‘V’ tattooed on it, then they will definitely sit on their computer and on the Internet and trade whatever memecoin is trending this cycle because you do not do it. you don’t have to understand anything about cryptocurrency just like you have to understand anything about fashion.
«Everyone else likes it. I like it too. Very, very human. So I think memecoins are here to stay. For the person who is just being initiated into the world of cryptocurrencies, it is literally the easiest thing to understand. ‘Oh, yes, it’s a beautiful picture. It’s a really funny prank that I get and everyone else is in on the prank and I can earn money as the prank goes viral. Ok nice. I’m going to buy this memecoin.’”
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