BitMEX co-founder Arthur Hayes has shared his optimistic outlook on Dogecoin (DOGE) and Pendle (PENDLE) despite the recent drop in the crypto market.

Hayes expressed his views to his 524,900 followers on X, stating that he believes there is still room for growth in both DOGE, a memecoin, and Pendle, a platform that enables users to tokenize and trade future yields.

“I’m really enjoying the volatile sideways movement of these lesser-known coins. I’m increasing my holdings of PENDLE and DOGE.”

At the time of writing, DOGE is priced at $0.12, showing a more than 2% increase in the past 24 hours. PENDLE is currently trading at $5.65, marking a nearly 13% rise for the day.

Hayes, who also serves as an advisor for the Pendle project, recently locked up $8.4 million worth of PENDLE tokens until September 5th of this year.

The native token of Pendle, PENDLE, allows users to earn rewards by providing liquidity to the platform. By locking up PENDLE tokens for up to two years, users can participate in governance decisions and receive 3% of the total yield generated by the platform’s yield-bearing tokens (YT).

In addition to DOGE and PENDLE, Hayes expressed his bullish stance on Aptos (APT), a competitor to Ethereum (ETH). He believes 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, showing a more than 2% increase in the past 24 hours.

For the latest updates, subscribe to receive email alerts directly to your inbox. Stay informed about price movements by following us on X, Facebook, and Telegram.

Disclaimer: The opinions expressed in this article are not financial advice. Investors are encouraged to conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. All transfers and trades are done at the investor’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not a financial advisor. Please note that The Daily Hodl may receive compensation through affiliate marketing.