Arthur Hayes made striking predictions about the future of cryptocurrencies in his interview with Coin Bureau. Hayes stated that in the next one to three years, Aptos could surpass Solana and move into second place in the Layer-1 Blockchain network rankings. This forecast will be detailed by September 2024 and indicates significant changes in the ranking of Layer-1 networks.
Rivalry Between Solana and Aptos
Hayes emphasized that Aptos can contribute to the adoption of Web3 technologies by promoting an ecosystem supported by decentralized applications. Using a smart contract programming language called Move, Aptos stands out as a blockchain network with similar features that competes with Solana.
In the interview, Hayes also touched upon the existence of memecoins in the cryptocurrency market. Describing these coins as "luxury brands" of the crypto world, Hayes stated that the innovative and cultural significance of memecoins have made them attractive to investors.
Warning Against the Risk of Hacking
Hayes emphasized that one of the biggest threats facing the cryptocurrency market is the increasing risk of hacking. Stating that if a large cryptocurrency custodian is hacked, it could lead to a loss of between 50 billion and 100 billion dollars, Hayes stated that such an event could bring the end of the market cycle. Therefore, he emphasized that security measures are of great importance.
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I EXPLAIN IN DETAIL.
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