- BitMEX co-founder predicts Aptos will overtake Solana as high blockchain.
- Intensification of competitors between layer 1 blockchains (Aptos, Solana, Sui, and so on.).
- Strategic timing is vital to maximizing income throughout the “Banana Zone” market cycle.
BitMEX co-founder Arthur Hayes predicts a serious shift within the Layer 1 blockchain area, predicting that Aptos (APT) will overtake Solana (SOL) to turn into the second largest platform within the close to future. This daring declare follows Aptos' latest milestone of surpassing Solana in month-to-month transactions by a big margin.
It’s price noting that transactions on Aptos surpassed these on Solana in Might, setting a brand new milestone for the blockchain. Notably, Aptos was forward of Solana by a whopping 57 million transactions.
In a video interview, Hayes estimated one to a few years for Aptos to overhaul Solano, promising extra insights in September and “I received't say something greater than that.“
Hayes additionally predicts a dogecoin (DOGE) exchange-traded fund (ETF) till the top of the present cycle, citing its longevity, massive market cap and availability on Robinhood within the US.
Lastly, Hayes additionally shared his opinion on the explanation for the top of this cycle, predicting that the most important threat of this cycle within the subsequent two to a few years is {that a} main cryptocurrency depository will likely be hacked and lose $50 to $100 billion in cryptocurrencies, ending the cycle .
Raoul Pal, co-founder and CEO of Actual Imaginative and prescient, was additionally current on the podcast and revealed that his crypto holding is 90% Solana. He additionally added that he has noticed the BTC-ETH crossover. When it breaks above, it marks the start of the “actual altcoin season”.
Each Hayes and Pal agree that the “layer 1 play” will likely be a big space of innovation and potential revenue within the coming “banana zone” (a interval of excessive market exercise). They point out different potential contenders like Sui, Celestia, and Monad.
Pal additionally emphasised the significance of market timing within the combine, particularly throughout the “banana zone” when alternatives for important positive factors come up. It signifies that most of the most promising tokens for this cycle have already began to get well from their lows.
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