Former BitMEX CEO Arthur Hayes and Real Vision CEO Raoul Pal named strong altcoins, highlighting the potential of Solana (SOL) and Aptos (APT).
He noted that a breakout on the ETH/BTC chart could signal the start of altcoin season “in its truest form.”
Hayes is bullish on Ethena (ENA), given the potential of the USDe stablecoin to displace USDT and USDC. The expert also highlighted Ether.Fi, which now dominates the liquid staking ecosystem.
The former head of BitMEX admitted that Aptos could overtake Solana in the “L1 network race.”
Pal hinted at the importance of the Move programming language. He is confident in its potential to “shape the future of blockchain technology.”
Both experts discussed the importance of strategic positioning in the cryptocurrency market. Pal warned against using outdated ideas about the industry:
Hayes expanded on this point by noting that Cardano (ADA) may not be in the top 10 of the upcoming bull run.
Meme madness
According to the ex-CEO of BitMEX, meme coins still have the potential to take off in this cycle, and the market is sure to become “even crazier” as Fed and the US Treasury are “printing more and more money.”
Hayes and Pal’s investment portfolio includes dog-themed coins, including Dogecoin (DOGE), Bonk (BONK) and Dogwifhat (WIF).
The interlocutors also agreed that DOGE could be the next contender to launch spot ETFs.
Real Vision’s CEO emphasized Dogecoin’s unique position as the “original meme token.” He noted that the asset’s cultural relevance and humor give it “a clear advantage over other, more niche cryptocurrencies.”
According to experts, the phenomenon of meme coins is crucial in the culture of the crypto market. However, they warned about the “fleeting” nature of such assets.
Previously, Pal and Hayes concluded that meme cryptocurrencies could benefit blockchain ecosystems by attracting new users and developers.
In June, the former head of BitMEX called for opening a long position on Bitcoin and later on shitcoins due to the start of a rate cut cycle.
Prior to this, Hayes predicted the growth of the first cryptocurrency to $70,000 by the end of the summer.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
