BitMEX CEO Arthur Hayes Says aptos Will Replace solana as Tier 2 1 Within Two Years
BitMEX CEO Arthur Hayes recently shared his views and thoughts on the future of crypto and which projects may come to the fore. In addition to talking about dogecoin ETFs, Hayes noted that he expects major competition from Aptos to Solana.
2 Layer-1 Platforms to Turn Aptos Solana into Number 1
In a recent interview with Coin Bureau, BitMEX founder Arthur Hayes stated that Aptos is on track to become the second leading Layer 1 blockchain, likely surpassing Solana. Interestingly, Hayes predicts that this change will only occur within the next one to three years. But he said he would announce more details about his forecast by September 2024.
Similar to Solana, Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain running a smart contract programming language called Move. Aptos looks set to drive mainstream adoption of Web3 and power a dApp ecosystem to solve real-world problems.
Additionally, Arthur Hayes also talked about meme coins, calling them the ‘luxury brand’ of crypto while adding that they are here to stay. Arthur Hayes also expressed his belief that the Dogecoin ETF could make it to the end of this market cycle. He also highlighted Dogecoin’s status as the oldest meme coin and its availability on top platforms like Robinhood. But he added that meme coins currently in circulation lack long-term cultural value.
Crypto Custodians Face the Biggest Risk
Arthur Hayes touched upon the most important issue of rising hacks in the crypto market. He added that one of the biggest risks the crypto market will face in the next two to three years is the potential hack of a major crypto custodian.
The BitMEX founder believes that such an event could lead to a loss of between $50 and $100 billion in digital assets, which could signal the end of the current market cycle.
It will be interesting to see how long it will actually take for Aptos to turn Solana. There were also previous calls that Solana would spin off Ethereum in the future.
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Bhushan is a FinTech enthusiast and has a good ability to understand financial markets. His interest in economics and finance draws his attention to the emerging Blockchain Technology and Cryptocurrency markets. He is in a constant learning process and motivates himself by sharing the knowledge he has acquired. In her spare time, she reads thriller novels and sometimes explores her culinary skills.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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