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Highlights
- Hayes predicts Aptos to overtake Solana in the next one-three years.
- Hayes also foresees the launch of a Dogecoin ETF by the end of the current market cycle.
- Hayes added that the biggest risk to the crypto market in the next three years is the hack of a major crypto custodian.
BitMEX CEO Arthur Hayes has recently shared his opinion and thoughts about the future of crypto and which projects can take the limelight going ahead. In addition to speaking about Dogecoin ETFs, Hayes stated that he expects some major competition coming from Aptos to Solana.
Aptos to Flip Solana As No. 2 Layer-1 Platform
During his recent interview with Coin Bureau, BitMEX founder Arthur Hayes stated that Aptos is likely to overtake Solana in becoming the second leading Layer 1 blockchain. Interestingly, Hayes predicts that this shift to happen only in the next one-three years. However, he said that he would be providing further details of his prediction by September 2024.
Similar to Solana, Aptos is a Layer-1 Proof-of-Stake (PoS) blockchain running a smart contract programming language dubbed Move. Aptos seems to bring the mainstream adoption of Web3 and empower an ecosystem of dApps in order to solve real-world problems.
Additionally, Arthur Hayes also spoke about the meme coins adding that they are here to stay while calling them the ‘luxury brand’ of crypto. Furthermore, Arthur Hayes also expressed his belief that Dogecoin ETF could be arriving by 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. However, he added that the meme coins currently in circulation lack some long-term cultural value.
Crypto Custodians Face the Biggest Risk
Arthur Hayes touched down upon the most important topic of rising hacks in the crypto market. He added that one of the biggest risks the crypto market faces over the next two to three years is the potential hacking of a major crypto custodian.
The BitMEX founder believes that such an event might involve the loss of $50 billion to $100 billion in digital assets, signifying the end of the current market cycle.
Well, it will be interesting to see as to how long it actually take Aptos to flip Solana. Previously, there have also been calls of Solana flipping Ethereum in the future.
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