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BitMEX co-founder Arthur Hayes is increasing his bullish sentiment on both Dogecoin (Doug) and pendle (Pendle) despite the sudden downturn in cryptocurrencies.
Hayes Tells His 524,900 followers on social media platform
“I like this volatile sideways trend to cut down on the price movement of cryptocurrencies. I will be adding to my PENDLE and DOGE portfolios.
DOGE is trading for $0.12 at the time of writing, up more than 2% over the past 24 hours. Meanwhile, PENDLE is trading at $5.65 at the time of writing, up nearly 13% on the day.
Hayes, who is also a consultant for the Pendle project, was there recently observer Reserved $8.4 million worth of PENDLE tokens as of September 5 of this year.
PENDLE, the platform’s native token, can be used to earn rewards by those who provide liquidity to the protocol. PENDLE token locking can be done for up to two years and allows users to vote on governance proposals while also receiving 3% of the total accumulated yield from Yield Yield (YT) tokens.
Another project that Hayes said he is optimistic about is Ethereum (Ethereum(Aptos competitor)suitable). Hayes pridect That the Layer 1 (L1) smart contract blockchain Aptos will outperform Solana (Sol) This market cycle occurs within one to three years.
Aptos is trading at $6.81 at the time of writing, up more than 2% in the past 24 hours.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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