CandleFocus Bitcoin’s Strength Prompts Arthur Hayes to Explore Meme Coins
2024-09-23
Author: Content Editor
Arthur Hayes, co-founder of BitMEX, has admitted he was wrong about the weakening of the Japanese yen (JPY) and instead suggested it's time to invest in meme coins. He specifically mentioned the MOTHER token, built on the Solana blockchain and created by rapper Iggy Azalea, as well as dog-themed meme coins like Dogecoin and Shiba Inu. Despite his tongue-in-cheek endorsement, these coins may see bullish activity. Despite the yen not weakening as expected, Bitcoin remained strong over the weekend, currently trading at $63,692. As always, readers are advised to exercise caution when making investment decisions.
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