BitMEX CEO Arthur Hayes has not too long ago shared his opinion and ideas about the way forward for crypto and which initiatives can take the limelight going forward. In addition to talking about Dogecoin ETFs, Hayes acknowledged that he expects some main competitors coming from Aptos to Solana.
Aptos to Flip Solana As No. 2 Layer-1 Platform
During his latest interview with Coin Bureau, BitMEX founder Arthur Hayes acknowledged that Aptos is more likely to overtake Solana in changing into the second main Layer 1 blockchain. Interestingly, Hayes predicts that this shift to occur solely within the subsequent one-three years. However, he stated that he can be offering additional particulars of his prediction by September 2024.
Similar to Solana, Aptos is a Layer-1 Proof-of-Stake (PoS) blockchain working a wise contract programming language dubbed Move. Aptos appears to carry the mainstream adoption of Web3 and empower an ecosystem of dApps in an effort to clear up real-world issues.
Additionally, Arthur Hayes additionally spoke in regards to the meme cash including that they’re right here to remain whereas calling them the ‘luxury brand’ of crypto. Furthermore, Arthur Hayes additionally expressed his perception that Dogecoin ETF might be arriving by the tip of this market cycle. He additionally highlighted Dogecoin’s standing because the oldest meme coin and its availability on high platforms like Robinhood. However, he added that the meme cash at the moment in circulation lack some long-term cultural worth.
Crypto Custodians Face the Biggest Risk
Arthur Hayes touched down upon crucial matter of rising hacks within the crypto market. He added that one of many greatest dangers the crypto market faces over the following two to a few years is the potential hacking of a serious crypto custodian.
The BitMEX founder believes that such an occasion may contain the lack of $50 billion to $100 billion in digital belongings, signifying the tip of the present market cycle.
Well, it is going to be fascinating to see as to how lengthy it truly take Aptos to flip Solana. Previously, there have additionally been calls of Solana flipping Ethereum sooner or later.
The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.
