Arthur Hayes previews Big Aptos (APT) and updates his forecast for the memecoin sector

BitMEX co-founder Arthur Hayes just revealed a huge forecast for Ethereum (ETH) competitor Aptos (APT).

In a new interview with Coin Bureau co-host Jessica Walker, Hayes predicts that the Aptos blockchain for Layer 1 (L1) smart contracts will overtake Solana (SOL) this market cycle.

“I will post it in this particular place and add more information, probably later this summer when things start to pick up again. Aptos reverses Solana in tier 1 play. I’ll put it there. I won’t say anything more.

I think Aptos could be number two in L1 over Solana this cycle. This is a forecast for a period of one to three years.

Aptos, which has a market capitalization of $3.54 billion, is trading at $8.10 at the time of writing, down 5.02% in the last 24 hours. Meanwhile, Solana, which has a market capitalization 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 will not go away.

“Memecoins are here to stay, and as more money is printed, they will only get crazier. I’m in Singapore a lot, it’s a small place and a very homogenous society between the main ethnic groups and every time I walk down Orchard Road to the shopping district to run some errands and I walk past Chanel, Louis Vuitton, Gucci, all among the big major brands mainstream, there is always a line of local Singaporeans standing in line to buy whatever piece of the alphabet they want to put on their body…

So if people want to stand in line to buy cowhide with the letters “L” and “V” tattooed on them, then they will definitely sit down at their computer and on the Internet and trade whatever memecoin is hot in this cycle, because you don’t have to understand nothing about cryptocurrencies, just like you need 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 someone just getting started in cryptocurrencies, 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 else is having fun with it too, and I can make money when the joke goes viral. Ok, nice. I will buy this memecoin.”

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