Former BitMEX CEO Arthur Hayes and Real Vision CEO Raul Pal named strong altcoins, highlighting the potential of Solana (SOL) and Aptos (APT).
"I'm 90% in Solana. It was the right bet for the current cycle," Pal said.
He noted that a breakthrough on the ETH/BTC chart may indicate the beginning of the altcoin season "in its true form."
Hayes is optimistic about Ethena (ENA), given the potential of the USDe stablecoin to "displace" USDT and USDC. The expert also highlighted Ether.Fi, which now dominates the ecosystem of liquid staking.
The former head of BitMEX admitted that Aptos will be able to overtake Solana in the "race of L1 networks".
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 Pal warned against using outdated ideas about the industry:
"Hold on to your coins, but don't [ruin] your briefcase by owning the wrong things. You [don't want to] miss all the rallies because you're still stuck in the narrative of the previous three cycles."
Hayes expanded on this idea, noting that Cardano (ADA) may not be among the top ten leaders of the upcoming bullish movement.
Meme madness
According to the ex-CEO of BitMEX, meme coins still have the potential to take off this cycle, and the market is bound to become "even crazier" as the Fed and the US Treasury "print more and more money."
Part of Hayes and Pal's investment portfolio is represented by 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.
"This is the oldest meme coin, and it's hosted on Robinhood. If you think that TradFi is going to create an ETF for all kinds of cryptocurrencies, then [DOGE] is exactly the coin with a high market capitalization," Hayes explained his position.
The CEO of Real Vision highlighted Dogecoin's unique position as an "original meme token." He noted that the cultural significance and humor of the asset give it "a clear advantage over other, more niche cryptocurrencies."
"I'm still at DOGE because I think Elon [Musk] is going to do something with the coin," Pal suggested.
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.
Pal and Hayes previously concluded that meme cryptocurrencies can benefit blockchain ecosystems by attracting new users and developers.
Recall that in June, the former head of BitMEX called for opening a long bitcoin and later shitcoin account due to the start of the rate reduction cycle.
Prior to that, Hayes predicted the growth of the first cryptocurrency to $70,000 by the end of the summer.