Coinspeaker Arthur Hayes Predicts Aptos (APT) to Flip Solana (SOL)

BitMEX co-founder Arthur Hayes has made a bombshell prediction that Layer 1 (L1) blockchain Aptos (APT) will flip Solana (SOL) within the next 2 to 3 years. Speaking in a recent interview with Raoul Pal, Hayes noted the imminent flipping might push Aptos to become the number 2 L1 protocol after Ethereum.

Aptos and Solana: L1 Competition To Heat Up

The dominance of Ethereum is constantly challenged by newer and more innovative rivals. Solana came onto the scene in March 2020 with a promise of correcting the flaws of Ethereum.

Some of the identified flaws include scalability, speed, and cost. At the time of its launch, the industry needed a major alternative as congestion woes rocked the Ethereum ecosystem amid the Decentralized Finance (DeFi) explosion.

It took a while for Solana to gain the needed traction, however, it is one of the most revered protocols today. The Solana explosion began with the launch of its meme coin BONK in December 2022. For the first time, the memecoin revolution spread outside Ethereum and this quickly drew the attention of many.

The success of BONK attracted many other meme coins to the Solana platform. This comes amid the cheaper minting fees that also triggered innovative DeFi platforms to launch on Solana. Despite this popularity, Solana soon hit its own congestion woes, reliving the strains that engulfed Ethereum at a point.

According to Arthur Hayes, Aptos is on track to take over the scene in 1 to 3 years. While he did not expatiate on reasons for his conviction, he said more insights will be issued in September.

The choice of Aptos is not surprising considering the protocol has never recorded any downtime since inception. The digital currency ecosystem is always exploring the next best alternative and Aptos fits the profile of a great candidate.

The L1 protocol was designed with a novel smart contract programming language called Move. Move is a fast Rust-based programming language that was independently developed by engineers from Meta Platforms Inc (NASDAQ: META). These engineers worked on the firm’s Diem blockchain.

While Diem did not see the light of day, the team’s expertise became showcased in Aptos with the core goal of making it fit for commercial utilization.

What the Future Holds

Besides the projection into the ranking of core Layer 1 blockchain, the Arthur Hayes interview also trickled down to exchanges. He predicted that the biggest risk he is foreseeing is that a major crypto custodian would be hacked. This hack might lead to a loss of $50 billion to $100 billion in cryptocurrencies.

While breaches are not uncommon in the crypto ecosystem, no hack has resulted in a $50 billion loss before. The risk, however, with the massive institutional embrace cannot be ruled out. With the bull cycle in full swing amid the impact of spot Bitcoin ETF products, Hayes noted that this security breach might effectively signal the end of this cycle.

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Arthur Hayes Predicts Aptos (APT) to Flip Solana (SOL)

According to Foresight News, LTO Network, a project under Layer1, has entered into a collaboration with DWF Labs. The partnership aims to enhance the liquidity of the LTO Network. As part of the agreement, LTO Network will provide collateral to the DWF Labs team to participate in its market-making services. Further business cooperation between the two parties is also expected to unfold as a result of this partnership.

As bitcoin readies itself for an attempt on its all-time high, a breakout into price discovery, and the next possibly parabolic stage of the bull market, Solana ($SOL ) and Injective Protocol ($INJ ) are two of the premier altcoins preparing to follow.

Solana is fastest layer 1 horse

Is Solana the fastest layer 1 horse in the race? Some might say that this is Ethereum, given the approval of the Spot Etherum ETFs, and the fact that these will be available to trade some time in the next few weeks.

However, when comparing the SOL/ETH chart, the uptrend does belong to $SOL and a 544% gain over the $ETH price since June of last year says a lot for which of the two is doing the best.

Source: TradingView

Against the US dollar, $SOL is performing even more spectacularly, with a 705% gain since October last year. The trend line is at a nice 45 degree angle, and the price continues to respect it. The deep correction of 44% after the high of $210 should be noted. This was a very healthy reversal and now it looks like the $SOL price has a great base to build upon.

Source: TradingView

Zooming in it can be seen that the $SOL price is in triangle, and that this should break in the next week or two. Given that the price is in a big uptrend, the breakout is more likely to be to the upside.

$INJ nearing breakout

Source: TradingView

$INJ took a much bigger hit than $SOL , and this 65% reversal forced the price down from the high of $53 all the way down to $18. The price has built a nice base since that low in late March, and is testing the $29 resistance for the third time currently.

Source: TradingView

Zooming further in shows that the price could be forming an ascending triangle. If $INJ is rejected from here, the price could come back down to the trend line and bounce again. The chances are more likely of a break up given that this is a bullish chart pattern.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In a market buoyed by optimistic external influences, Hedera and Aptos have emerged as noteworthy assets. The price forecasts for Hedera’s HBAR and the transaction volumes for Aptos underline their potential. Yet, it’s BlockDAG, a premier Layer 1 project, that’s carving out a significant niche.

Its latest keynote unveiled the BlockDAG Low Code/No Code ecosystem, underscoring its technological prowess. Following this event, BlockDAG’s presale rocketed past $42.6 million, affirming its position as a leading Layer 1 crypto. This article delves into the distinct advantages and prospects of Hedera, Aptos, and BlockDAG, guiding those seeking the next major crypto investment.

HBAR Price Dynamics and Forecast: Hedera’s Current Market Analysis

Hedera’s ongoing price movements are pivotal for traders targeting long-term trends. The HBAR/USDT trading pair is testing crucial technical markers, with the price maintaining support above the 200-week EMA.

Essential long-term support points are established at $0.067 and $0.073, with robust resistance levels at $0.162, $0.198, and $0.241. In the daily charts, the price is just above the 100-day EMA, indicating support but suggesting possible volatility ahead.

The Ichimoku Cloud presents a slightly bearish or neutral sentiment. However, a surge past $0.107 could challenge higher resistance levels at $0.118 and $0.124. Currently, HBAR is trading at $0.106, oscillating narrowly between $0.107 and $0.099.

A decisive breakout could dramatically shape the future HBAR price trajectory, offering substantial trading prospects. Keeping an eye on these support and resistance thresholds is vital for informed trading decisions.

Record Performance in Aptos Transactions

Aptos recently achieved a milestone by processing 116 million transactions on May 25, significantly outdoing Solana’s 31.9 million on the same day. This spike was largely driven by the immediate success of the game Tapos Cat, which contributed 10 million transactions on its debut. An initial 72-hour suspension of gas fees fueled this surge, showcasing strategic gamification to enhance Aptos’s transaction volume.

Data from Aptoscan indicates that Aptos hit a peak of 32,000 transactions per second, demonstrating its scalability and adoption levels. Financially, Aptos is on the brink of a breakout from an inverse head and shoulders pattern, with a potential rise to $11.32 (a 22% increase) if it surpasses the neckline at $9.33. Alternatively, a support level at $8.72 could stabilize the price, offering a fallback for investors.

BlockDAG: Revolutionizing with Low Code/No Code and Stellar Presale

BlockDAG has swiftly ascended as a frontrunner among top cryptos for June 2024, thanks to its revolutionary Low Code/No Code ecosystem. This tool enables effortless application creation, management, and deployment by merely dragging and dropping components, drastically cutting back on development time.

This is particularly advantageous for developers focused on swift prototyping and for non-technical users interested in entering decentralized application creation.

The recent keynote not only showcased BlockDAG’s technological advancements but also outlined its strategic market maneuvers. Discussions spanned the release of the X1 App, global marketing updates, and significant enhancements to the roadmap.

The focus was on the Low Code/No Code capabilities along with detailed updates on the mainnet launch, peer-to-peer engine development, and EVM compatibility. This keynote substantially fueled investor interest, pushing the presale tally to over $42.6 million.

BlockDAG’s ongoing presale is notably strong, currently generating $500k daily with projections to hit $5 million daily. Expected to conclude four months prior to the mainnet launch, the platform’s advanced technology, strategic marketing, and strong community engagement position BlockDAG as a lucrative investment in the evolving crypto landscape.

Insightful Conclusion

While Hedera and Aptos showcase robust technical foundations and impressive transaction volumes, BlockDAG’s innovative approach and presale achievements truly distinguish it. The recent keynote accentuated BlockDAG’s Low Code/No Code ecosystem, simplifying app development and enhancing accessibility.

Having raised over $42.6 million in its presale, BlockDAG’s state-of-the-art technology, detailed during the keynote, establishes it as a leading Layer 1 crypto. With these developments, BlockDAG stands out as a standout investment in the June 2024 crypto market, overshadowing HBAR price forecasts and Aptos transactions.

Join BlockDAG Presale Now:

Website | Presale | Telegram | Discord |

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post BlockDAG Dominates Layer 1 Crypto Sphere with Innovative Keynote, Raising $42.6M and Overshadowing Hedera & Aptos Price Predictions appeared first on CaptainAltcoin.

According to Odaily, Layer1 Tabi, a modular game, has announced the details of its public token sale on the X platform. The sale is scheduled to take place from June 13 to July 13. The method of sale will be a Dutch auction. A Dutch auction is a type of auction where the auctioneer begins with a high asking price that is lowered until a participant is willing to accept the auctioneer's price, or a predetermined minimum price is reached.

🔍 Discover the Future of Data Infrastructure with Nuklai (NAI) 🔍
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1️⃣ Introduction and Overview: Nuklai (NAI) is a Layer 1 blockchain infrastructure designed to empower new AI through sophisticated data infrastructure and distributed services. It serves as a collaborative data marketplace and infrastructure provider.
2️⃣ Technology and Features: Nuklai combines AI and blockchain technology to enable a decentralized platform for data sharing, monetization, and AI model training. It specializes in supporting the data ecosystem and AI with data management and computational power.
3️⃣ Whitepaper Analysis: Nuklai is the nucleus of the Nexera ecosystem, unifying the data landscape and enhancing the capabilities of large language models (LLMs) and artificial intelligence (AI). It bridges the gap between data enthusiasts, businesses, and institutional partners, revolutionizing industry collaborations.
4️⃣ Use Case: The NAI token is used for network transaction fees, validator rewards, and governance control. It powers the Nuklai ecosystem, rewarding contributors and facilitating compute power distribution within the network.
5️⃣ Team and Leadership: While specific team members weren't found, Nuklai has made significant strides in becoming the global standard for data infrastructure and AI model training.
6️⃣ Partnerships: Nuklai's partnerships with DePIN Brainstems and its Bitcoin Sentiment Research campaign highlight its commitment to community engagement and innovation in the crypto space.
7️⃣ Security and Audits: Nuklai's smart contract has been audited for security, ensuring the safety of the platform. While specific details about audit weren't found.
8️⃣ Tokenomics: With a total token supply of 10 billion NAI and a current supply of 853 million, Nuklai offers ample opportunities for participation in its ecosystem.
9️⃣ Exchanges: NAI tokens can be traded on various decentralized and centralized exchanges, with MEXC, Gate.io & Uniswap V2 being the popular choices.
🔟 Conclusion: Nuklai (NAI) is set to revolutionize data sharing and AI model training, offering a unique value proposition in the crypto space. Nuklai continues to make strides in the crypto space, offering innovative solutions for data infrastructure and AI model training.
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🔒 Exploring SafeCoin: A DeFi Platform on Solana 🔒
🚀 Let's dive into key features and potential of #SAFE in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: SafeCoin, based on Solana, offers lightning-fast performance and $SAFE as its primary token. Unlike mining, it's acquired via purchase, trade, or staking rewards. SafeCoin serves as a DeFi platform for apps and tokens.
2️⃣ Technology and Features: Utilizing Proof-of-Stake and Solana's code base, SafeCoin ensures efficiency and scalability. Its Proof-of-History mechanism enhances speed, affordability, environmental friendliness, accessibility, and privacy.
3️⃣ Whitepaper Analysis: Safe pursue a future where everyone has complete control and flexibility over their digital assets. Its vision is to move from merely reading and writing in the digital realm to fully owning our digital identities, financial assets, digital art, and more.
4️⃣ Use Case: SafeCoin provides a secure environment for DeFi transactions, with $SAFE tokens serving various ecosystem purposes.
5️⃣ Team and Leadership: SafeCoin's team, including co-founders Tobias Schubotz, Richard Meissner, and others, brings expertise and dedication to the project's success.
6️⃣ Partnerships: Strategic partnerships enhance Safe Coin's capabilities, Safe coin is available on 14+ top industry networks like Arbitrum, Avalanche, Base etc.
7️⃣ Security and Audits: Safe Smart Accounts are the most audited and battle-tested. Since 2018, its smart contracts have passed the highest possible security standards in the industry including formal verification.
8️⃣ Tokenomics: With a max supply of 1 billion SAFE tokens, initial circulation stands at 427 million. Allocations include user participation, ecosystem contributors, and more.
9️⃣ Exchanges: SAFE tokens are tradable on decentralized and centralized exchanges like Uniswap V3 (Ethereum), Coinbase, Bybit, Gate.io, BitMart, and OKX, offering liquidity and accessibility.
🔟 Conclusion: SafeCoin's team, technology, and clear use case position it as a promising project in the DeFi space. The combination of Proof-of-Stake and Solana's efficiency makes it an attractive platform for users and investors alike.
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