According to Odaily, Arthur Hayes has expressed his preference for the current market fluctuations that have led to a decline in the prices of certain cryptocurrencies. He has stated that he is increasing his positions in Pendle (PENDLE) and Dogecoin (DOGE).
Hayes, a well-known figure in the cryptocurrency industry, has shown a positive attitude towards the sideways market trend, which has resulted in a drop in the prices of some less popular cryptocurrencies. He has taken advantage of this situation to increase his holdings in PENDLE and DOGE, two cryptocurrencies that have shown significant potential.
This move by Hayes indicates his confidence in these cryptocurrencies and his belief in their future growth potential. It also reflects his strategic approach to investing in the volatile cryptocurrency market, where he sees opportunities in market fluctuations and price drops.
It's important to note that while Hayes is increasing his positions in these cryptocurrencies, this should not be taken as financial advice. Cryptocurrency investments carry a high level of risk due to their volatility and should be undertaken with caution.