The nearly 180% increase in Deep Worm price attracted the attention of investors in the meme coin industry. This massive rise highlights the renewed focus on meme coins. BitMEX co-founder Arthur Hayes’ bold predictions on WORM support positive market sentiment.
Views of Arthur Hayes
Deep Worm’s meteoric rise reflects the growing interest in the meme coin space, which is often driven by community sentiment and speculative investments. The token’s performance reflects investors’ shift towards high-risk and high-return assets.
According to CoinGecko data, WORM price increased by almost 180% today and reached a 24-hour high price of $0.0882. One-day trading volume reached $40.91 million. However, at the time of writing, a slight decrease in the Deep Worm price was observed and the price was traded at $0.06767.
Market Expectations
Arthur Hayes is known for his views on cryptocurrencies. Hayes defined WORM as a “narrative-driven DeSci (Decentralized Science) project” and said, “Are you ready to go to the moon? “From $WORM to a Billy.”
This comment marks a sudden shift from Hayes’ previous cautious stance on meme coins due to macroeconomic uncertainties. Bullish outlook boosted market confidence across the industry.
At the same time, this price increase is seen as part of the overall rise in the crypto market after Donald Trump’s victory. Investors anticipate that possible positive regulatory changes could further support growth in the sector.
Arthur Hayes had previously supported the Solana meme coin Goatseus Maximus, and after this support, a strong rally was observed in the GOAT price. Hayes’ recent interest in WORM signals a possible shift in the meme coin and invites investors to position for the future.
This increase in Deep Worm price and positive comments from Arthur Hayes may herald new investment opportunities in the meme coins and overall crypto market. Investors can follow market dynamics closely and shape their strategies accordingly.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
