While Bitcoin continues its volatile movements in recent days, BitMEX former CEO Arthur Hayes, who made a name for himself with his $ 1 million prediction for BTC, made new statements.
Stating that he is now turning his attention to altcoins in his last blog post, Hayes also announced the altcoins that he intends to include in his portfolio in the coming months.
Stating that the altcoins he is considering investing in at this point include dYdX, GMX, Pendle, Krav, Elixir, Flare, Axelar and stablecoin Ethena, the famous CEO said that he has full faith in these altcoin projects.
Arguing that both the macro and micro stories of these altcoin projects are strong, Hayes claimed that these projects will come to the fore sooner or later.
“In the coming months, I will focus my attention on the dYdX, GMX, Pendle, Krav, Elixir, Flare, Axelar and stablecoin Ethena projects.
Because liquidity in centralized exchanges has started to shift to decentralized exchanges (DEX) and I think dYdX and GMX will come to the fore with this transition.
Finally, for those who want to get rid of the stress of speculations about Tether (USDT), I recommend Ethena USD, which has no connection with traditional finance but has a very strong dollar stability. Because Tether is going bankrupt and Ethena will definitely be the best stablecoin pegged to USD.”
While the former BitMEX CEO turned to altcoins where he saw rally potential, it was noteworthy that he made a negative assessment about more popular altcoins such as Cardano (ADA) a few days ago.
*This is not investment advice.