{"id":14273,"date":"2024-06-12T13:38:43","date_gmt":"2024-06-12T10:38:43","guid":{"rendered":"https:\/\/forklog.com\/en\/arthur-hayes-and-raoul-pal-discuss-promising-altcoins\/"},"modified":"2024-06-12T13:38:43","modified_gmt":"2024-06-12T10:38:43","slug":"arthur-hayes-and-raoul-pal-discuss-promising-altcoins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arthur-hayes-and-raoul-pal-discuss-promising-altcoins\/","title":{"rendered":"Arthur Hayes and Raoul Pal Discuss Promising Altcoins"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Hayes and Pal revealed their investments in altcoins, highlighting promising projects.<\/li>\n<li>Both experts believe DOGE could be a contender for launching a spot ETF.<\/li>\n<\/ul>\n<\/div>\n<p>Former BitMEX CEO Arthur Hayes and Real Vision CEO Raoul Pal identified strong altcoins, emphasizing the potential of Solana (SOL) and Aptos (APT).\u00a0<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/0cX1Huf89PE?si=PgHgDqXwrXC-uLQp\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI am 90% in Solana. It was the right bet for the current cycle,\u201d stated Pal.\u00a0<\/p>\n<\/blockquote>\n<p>He noted that a breakout on the ETH\/BTC chart might indicate the start of the altcoin season \u201cin its true form.\u201d\u00a0<\/p>\n<p>Hayes is optimistic about Ethena (ENA), considering the potential of the <a href=\"https:\/\/forklog.com\/en\/news\/delta%e2%80%91neutral-synthetic-dollars-why-the-usde-stablecoin-matters\">USDe stablecoin<\/a> to \u201cdisplace\u201d USDT and USDC. The expert also highlighted Ether.Fi, which currently dominates the liquid staking ecosystem.<\/p>\n<p>The former BitMEX head suggested that Aptos might surpass Solana in the \u201cL1 network race.\u201d<\/p>\n<p>Pal hinted at the importance of the Move programming language. He is confident in its potential to \u201cshape the future of blockchain technology.\u201d\u00a0<\/p>\n<p>Both experts discussed the importance of strategic positioning in the cryptocurrency market. Pal warned against using outdated perceptions of the industry:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cHold onto your coins, but don\u2019t [ruin] your portfolio by owning the wrong things. You [don\u2019t want] to miss all the rallies because you\u2019re still stuck in the narrative of the last three cycles.\u201d\u00a0<\/p>\n<\/blockquote>\n<p>Hayes expanded on this thought, noting that Cardano (ADA) might not be among the top ten in the upcoming bull run.<\/p>\n<h2 class=\"wp-block-heading\">Meme Madness<\/h2>\n<p>According to the former BitMEX CEO, meme coins still have potential for a surge in this cycle, and the market will inevitably become \u201ceven crazier\u201d as the <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span> and the US Treasury \u201cprint more and more money.\u201d<\/p>\n<p>Part of Hayes and Pal&#8217;s investment portfolio includes dog-themed coins, such as Dogecoin (DOGE), Bonk (BONK), and Dogwifhat (WIF).<\/p>\n<p>The interlocutors also agreed that DOGE could be the next contender for launching spot ETFs.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt\u2019s the oldest meme coin, and it\u2019s listed on Robinhood. If you think about <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span> creating ETFs for all sorts of cryptocurrencies, then [DOGE] is exactly the coin with high market capitalization,\u201d Hayes explained his position.\u00a0<\/p>\n<\/blockquote>\n<p>The Real Vision CEO emphasized Dogecoin&#8217;s unique position as the \u201coriginal meme token.\u201d He noted that the cultural significance and humor of the asset give it \u201ca clear advantage over other, more niche cryptocurrencies.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI\u2019m still in DOGE because I think Elon [Musk] is going to do something with the coin,\u201d Pal speculated.\u00a0<\/p>\n<\/blockquote>\n<p>According to the experts, the meme coin phenomenon is crucial in the culture of the crypto market. However, they warned about the \u201cfleeting\u201d nature of such assets.<\/p>\n<p>Previously, Pal and Hayes <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-and-raoul-pal-see-value-in-meme-tokens\">concluded<\/a> that meme cryptocurrencies could benefit blockchain ecosystems by attracting new users and developers.<\/p>\n<p>In June, the former BitMEX head urged opening a long position on Bitcoin and later on altcoins due to the start of a rate-cutting cycle.\u00a0<\/p>\n<p>Prior to this, Hayes predicted the first cryptocurrency&#8217;s rise <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-predicts-bitcoin-surge-to-70000-by-summers-end\">to $70,000 by the end of summer<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hayes and Pal revealed their investments in altcoins, highlighting promising projects. Both experts believe DOGE could be a contender for launching a spot ETF. Former BitMEX CEO Arthur Hayes and Real Vision CEO Raoul Pal identified strong altcoins, emphasizing the potential of Solana (SOL) and Aptos (APT).\u00a0 \u201cI am 90% in Solana. It was the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,1193,99,1161,1150],"class_list":["post-14273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-arthur-hayes","tag-dogecoin","tag-memes","tag-news-plus"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14273"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14272"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}