Arthur Hayes Bullish on DOGE, Pendle, and Aptos Despite Crypto Downturn
Despite the recent downturn in the crypto market, BitMEX co-founder Arthur Hayes remains bullish on Dogecoin (DOGE) and Pendle (PENDLE). In a recent tweet, Hayes expressed his optimism for both projects, highlighting their potential for growth in the current market cycle.
According to Hayes, there is more upside potential for memecoin DOGE and Pendle, a platform that enables users to tokenize and sell future yields. Hayes, who is also an advisor for the Pendle project, recently revealed that he is increasing his holdings of both DOGE and PENDLE.
“I’m loving this choppy sideways to down shitcoin price action. I’m adding to my bags of PENDLE and DOGE,” Hayes tweeted.
At the time of writing, DOGE is trading at $0.12, up more than 2% in the last 24 hours, while PENDLE is trading at $5.65, up nearly 13% on the day.
In addition to DOGE and Pendle, Hayes also expressed bullish sentiment towards Aptos (APT), an Ethereum (ETH) competitor. He predicts that Aptos, a layer-1 smart contract blockchain, will surpass Solana (SOL) in the market cycle within one to three years.
Aptos is currently trading at $6.81, up more than 2% in the last 24 hours.
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