Arthur Hayes Unveils Big Aptos (APT) Prediction, Updates Outlook on Memecoin Sector

BitMEX co-founder Arthur Hayes just unveiled a massive prediction for Ethereum (ETH) competitor Aptos (APT).

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

“I’ll put this out there on this particular venue and I’ll qualify it with more information probably later this summer once I get back in the swing of things. Aptos flips Solana in the layer-1 game. I’ll put that out there. I’m not going to say any more than that.

I think Aptos could be the number two L1 over Solana within this cycle. That’s a one to three-year sort of prediction.”

Aptos, with a market cap of $3.54 billion, is trading for $8.10 at time of writing, down 5.02% in the last 24 hours. Meanwhile, Solana, with a market cap of $72.246 billion, is trading for $155 at time of writing, down 3.78% in the last 24 hours.

Hayes also predicts that memecoins are a sector of digital assets that are not going to go away.

“Memecoins are here to stay and are going to get even crazier as there’s more money printed. I’m in Singapore a lot and it’s a small place and a very homogenous society between the major ethnicities and every time I walk down Orchard Road to the shopping district to do some errands and walk by the Chanel store, Louis Vuitton, Gucci, all the mainstream big brands, there is always a line of local Singaporeans standing in line to buy whatever piece of alphabet that 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 certainly are going to sit on their computer and the Internet and trade whatever the memecoin is that’s hot this cycle because you don’t have to understand anything about crypto just like you have to understand anything about fashion.

‘Everybody else likes it. I like it too. Very, very human. So I think memecoins are here to stay. For the person who’s just being initiated in the crypto, it’s like literally the easiest thing to understand. ‘Oh, yeah, that’s a cool image. That’s a really funny joke that I understand and everyone else is in on the joke and I can make money as the joke gains in virality. OK, cool. I’ll buy this memecoin.’”

Generated Image: DALLE3

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