Krutika Adani
Co-founder and former BitMex CEO Arthur Hayes has placed his bets on these altcoins: MOTHER, MOG, and PEPE just when a bullish month is expected to take crypto markets to new highs.
Memecoins have been the best-performing crypto sector in 2024 with some of them showing growth of up to 8000% in the last one year.
However, a lot of volatility has also hit the markets. Shiba Inu and Pepe have been highly bullish while Dogecoin and DOGS token continue to show bearish behavior.
Memecoins have shown a renewed growth potential after witnessing an almost six-month-long downtrend.
Memecoins have already started showing decent recoveries with Shiba Inu, WIF, Pepe and Bonk leading the markets.