Deep Worm Price Rockets 180% With Arthur Hayes Predicting Further Rally

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The cost of Deep Worm has dramatically increased by around 180%, drawing interest from investors in the meme coin industry. This significant rise underscores a growing interest in meme coins, particularly as BitMEX co-founder Arthur Hayes has made bullish predictions about WORM. Importantly, his recent remarks have added to the enthusiasm for the asset’s potential growth, given that favorable feelings towards cryptocurrencies are already prevalent across the broader market.

Deep Worm Price Soars Gaining Arthur Hayes’s Interest

As an analyst, I’ve noticed an extraordinary surge in the popularity of Deep Worm, which seems to validate the increasing interest in the meme coin sector. This niche, fueled by community enthusiasm and speculative investments, appears to be thriving. The performance of Deep Worm’s token mirrors a wider pattern of investors delving into high-risk, high-reward assets, even amidst market instability.

Arthur Hayes, who’s well-known for his straightforward opinions on cryptocurrency, recently expressed excitement about the project WORM on X. He categorized it as a DeSci (Decentralized Science) endeavor driven by storytelling with some skepticism regarding its practical use. Nevertheless, the co-founder of BitMEX hinted at significant potential for WORM, expressing optimistically, “Are you prepared for lift-off? $WORM could reach a billion!

Significantly, there’s been a marked change in Hayes’s perspective, as he previously showed apprehension about meme coins because of economic uncertainties at large. However, his new optimistic view seems to be boosting overall market faith within the meme coin sector.

At the same time, the increase in Deep Worm’s price is happening alongside a larger cryptocurrency market surge. This uptrend seems to be connected to optimism following Donald Trump’s election win. Many investors believe that potential regulatory changes could potentially boost the sector even more in the near future.

WORM Rallies 180%

Based on information from CoinGecko, the value of WORM has experienced a significant increase today, reaching approximately 180% and peaking at $0.0882 in the past 24 hours. This surge also brought the coin’s one-day trading volume to an impressive $40.91 million. However, during my writing process, Deep Worm experienced a slight dip, with its current price being $0.06767.

Although some predict the upward trend will persist, this is due to a shift in attention towards the asset by market analysts. Essentially, influential figures such as Arthur Hayes have significant impact on the cryptocurrency market’s perception because their endorsements tend to sway market sentiment.

Previously, Hayes showed support for the meme token Goatseus Maximus linked with Solana. This led to a significant surge in GOAT‘s price. Now, his recent excitement towards WORM hints at a possible change in the meme coin market, enticing traders to speculate on its prospects.

Simultaneously, these profits occur during a time when there’s increasing interest in popular meme coins, as demonstrated by the rise of key players within the industry. Furthermore, optimism surrounding pro-crypto regulations and a defined regulatory framework following Donald Trump’s election victory has added to expectations for an ongoing bull run across the wider cryptocurrency market.

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2024-11-19 14:44