bullish

Solana

Arthur

Bold

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/deep-worms-price-surge-captivates-the-meme-coin-sector/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Deep Worm’s Price Surge Captivates the Meme Coin Sector</a> 
The approximately 180% increase in Deep Worm’s price has drawn significant attention within the meme coin sector. This remarkable rise underscores a renewed focus on meme coins. Bold predictions by BitMEX co-founder Arthur Hayes regarding WORM support the positive market sentiment.
<h2 id="arthur-hayes-insights">Arthur Hayes’ Insights</h2>
The rapid ascent of Deep Worm reflects a growing interest in the meme coin space, typically driven by community sentiment and speculative investments. The <a href="https://en.coin-turk.com/investors-drive-bonk-prices-higher/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>‘s performance indicates a shift towards high-risk, high-reward assets among investors.
According to CoinGecko data, the WORM price surged nearly 180% today, reaching a 24-hour high of $0.0882. The daily trading volume peaked at $40.91 million. However, at the time of writing, a slight decline was observed, with the price trading at $0.06767.
<h2 id="market-expectations">Market Expectations</h2>
Arthur Hayes is recognized for sharing his views on cryptocurrencies. He characterized WORM as a “narrative-driven DeSci (Decentralized Science) project” and posed the question, “Are you ready to moon? From $WORM to a Billy?”
This statement represents a sudden shift from Hayes’ previous cautious stance towards meme coins due to macroeconomic uncertainties. His bullish outlook has bolstered overall market confidence in the sector.
Additionally, this price surge is viewed as part of a broader increase in the <a href="https://en.coin-turk.com/kraken-secures-virtual-asset-service-provider-license-in-the-netherlands/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/consensys-behind-metamask-allegedly-struggles-financially/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> market following Donald Trump’s victory. Investors anticipate that potential regulatory changes could further support growth in the sector.
Previously, Hayes supported the Solana meme coin Goatseus Maximus, which experienced a significant rally after his endorsement. His recent interest in WORM indicates a possible shift in the meme coin landscape and encourages investors to position themselves for future opportunities.
The increase in Deep Worm’s price and Arthur Hayes’ optimistic remarks may herald new investment opportunities in meme coins and the broader crypto market. Investors can shape their strategies by closely monitoring market dynamics.
The post <a href="https://en.coin-turk.com/deep-worms-price-surge-captivates-the-meme-coin-sector/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Deep Worm’s Price Surge Captivates the Meme Coin Sector</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Deep Worm’s Price Surge Captivates the Meme Coin Sector

Table of Contents

COINTURK NEWS

Other articles published on Nov 19, 2024

Bithumb Adds Raydium and Ponke Tokens

Best AI Video and Animation Tools: Runway AI, Face Swap, and Video Editing

Quantoz Launches Two MiCA-Compliant Stablecoins with Tether’s Support

Cardano's Hoskinson and Ripple CTO Explore Midnight Features

USDX Brings Treasury Yields to DeFi: A New Era for Stablecoins?

Paju city officials in South Korea threaten to seize and sell crypto assets of tax debtors

Join our free newsletter for daily crypto updates!