The GOAT price is up over 23% on the day, reflecting growing confidence in the markets. BitMEX co-founder Arthur Hayes highlighted key developments that could support another 10x rally for the meme coin. Hayes has previously shared a positive outlook on the crypto space.

Arthur Hayes Hints at 10X Rise in Meme Coin
As reported by Kriptokoin.com, BitMEX Co-Founder Arthur Hayes has returned to the meme coin space. Hayes brought up the bullish outlook for the Solana-based meme coin Goatseus Maximus again. Highlighting the report recently written by famous Bloomberg analyst Matt Levine about GOAT, Hayes stated that this development could create a potential rally in the crypto price. He stated that another meme coin, dogwifhat (WIF), was also previously included in Levine's report on Solana, and that this situation provided a 10-fold increase in its price. Hayes said the following in his last X post: "Market participants expect a similar 10-fold increase in the price of GOAT." He concluded his article with an upward forecast that fueled market speculation for GOAT. This was not the first time Hayes had expressed a positive opinion about Goatseus Maximus; he had recently announced his plans to bet on this meme coin, but later stated that he had reduced his assets due to uncertainty in the markets. This suggests Hayes’ growing confidence in the potential for a future crypto rally.

What's Next for Goatseus Maximus?
At the time of writing, GOAT was trading at $0.4482, up 23%. The token’s trading volume increased by 2.21% to $155.01 million. The meme coin has been on a volatile course over the past 24 hours, rising to $0.4707 and falling to $0.3733. Investors should be careful when betting on low-priced tokens. While the best meme coins can provide significant returns in the short term, there is usually a high risk associated with these tokens. Despite this, many crypto investors have made big profits by seizing the opportunity of the new Solana meme token launch. Some analysts are predicting a potential rally to $0.5 for Goatseus Maximus. However, for meme coins, the risk and reward are equally likely losses for both parties.