BitMEX co-founder Arthur Hayes is expressing his bullish outlook on Dogecoin (DOGE) and Pendle (PENDLE), despite the recent downturn in the cryptocurrency market. Hayes, who has a significant following on the social media platform X, believes that both DOGE and Pendle have more potential for growth in this market cycle. DOGE, a memecoin, is currently trading at $0.12, showing a 2% increase in the last 24 hours. PENDLE, on the other hand, is trading at $5.65, experiencing a nearly 13% surge in value today.

Hayes, who is also an advisor for the Pendle project, recently made headlines by locking up $8.4 million worth of PENDLE tokens until September 5th of this year. PENDLE, the native token of the platform, offers rewards to users who provide liquidity to the protocol. By locking up PENDLE tokens for up to two years, users can not only vote on governance proposals but also earn 3% of all the yield generated by its yield-bearing tokens (YT).

In addition to DOGE and PENDLE, Hayes is bullish on Aptos (APT), a competitor to Ethereum (ETH). He predicts that Aptos, a layer-1 (L1) smart contract blockchain, will surpass Solana (SOL) in the current market cycle within the next one to three years. Aptos is currently trading at $6.81, showing a 2% increase in the last 24 hours.

It’s important to note that the opinions expressed by Hayes and The Daily Hodl are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The risks associated with transfers and trades are the responsibility of the individual, and any potential losses incurred are their own. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor do they provide investment advice.