BitMEX founder Arthur Hayes predicts Aptos will flip Solana

While Solana continues to see unprecedented growth and adoption, BitMEX founder Arthur Hayes has shared his prediction for what happens between Solana and Aptos.

Hayes is the chief investment officer at Maelstrom, an early-stage investment fund focused on crypto.

The BitMEX founder shared this outlook in an interview that also included Raoul Pal, the co-founder and CEO of Real Vision. The two commented on the current crypto market landscape, risks, degen plays, and end of year predictions.

In terms of market risks, Hayes believes a major black swan event for crypto would be the collapse of a leading crypto custodian. He said that a devastating hack on one of these platforms could in the next two or three years mark the end of the current bull cycle.

Arthur Hayes predicts Aptos to flip Solana

In the recent interview with Coin Bureau, the former BitMEX CEO said he sees Aptos flipping Solana as the L1 competition heats up.

Hayes, a respected crypto figure who has previously touted SOL, thinks the flippening could be on within two-three years. The crypto investor and entrepreneur did not share much about his prediction for Aptos. Howwever, he said he would offer more in September.

 “I think Aptos could be the number two L1 over Solana within this cycle,” Hayes noted, adding, “I’ll put more meat on that probably in September of this year.”

Solana’s growth since inception in 2020 included major hurdles such as network outages and the aftermath of the FTX collapse. But the L1 project’s traction in decentralized finance (DeFi) and other sectors have seen experts become more bullish on its future.

Aptos is a decentralized network and developer ecosystem that also seeks to dominate the market across DeFi, Web3 gaming among other industry verticals.

The support of the Aptos Foundation, through which the protocol has onboarded partners such as Google Cloud, and the network’s resilience, have the community upbeat on what’s next.

Dogecoin ETF this cycle?

Apart from the Aptos/Solana prediction, Hayes commented on the meme coins space, singling out Dogecoin as potentially set for a DOGE exchange-traded fund (ETF) later in the year.

The original meme coin’s listing on US-based trading platform Robinhood adds to the positive view going into the future, the Maelstrom CIO noted.

Despite the positive forecast for Dogecoin, Hayes isn’t so optimistic about most of the meme coins in market today.

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