During a period of market turbulence in the world of cryptocurrencies, Arthur Hayes, one of the founders of BitMEX, has expressed his positive outlook on Dogecoin (DOGE) and Pendle (PENDLE). Despite recent uncertainties, Hayes shared his confidence in the potential for these digital assets to appreciate during this market cycle with his vast following of over half a million users on the social media platform X.
“I’m enjoying this volatile sideways movement causing prices to drop. I’m adding PENDLE and DOGE to my portfolio,” Hayes declared.
Currently, Dogecoin is trading at US$0.1224, experiencing a slight 0.5% decrease in the last 24 hours. Meanwhile, Pendle, a platform that facilitates the tokenization and trading of future income, is trading at US$5.89, showing an almost 4% increase in the same timeframe.
In addition to his role as an investor, Hayes also acts as a consultant for the Pendle project. Recently, he made a significant investment of $8.4 million in PENDLE tokens, which are locked until September 5th of this year. Through tokenization on Pendle, users not only have the ability to vote on governance proposals but also earn 3% of the total income generated by their tokens.
Turning to Hayes’ insights on the cryptocurrency market, he holds an optimistic view on the Aptos (APT) blockchain smart contracts, predicting that it will outperform Solana (SOL) in the next one to three years, emerging as a strong competitor in the Ethereum (ETH) ecosystem.
Disclaimer: The opinions and views expressed by the author, as well as any individuals mentioned in this article, are intended for informational purposes only and should not be construed as financial, investment, or other advice. Investing or trading in cryptocurrencies carries the risk of financial loss.
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