Memeinator (MMTR) price forecast as memecoins receive more love from Arthur Hayes & Elon Musk
Hayes believes “it’s time for a memecoin breakout.”
Tesla CEO continues to support Dogecoin.
MMTR eyes upward continuation amid the developments – up 6.2% in the past day.
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The latest developments show increased attention on meme tokens as the much-awaited October rally approaches. BitMEX co-founder Arthur Hayes has demonstrated his trust in themed cryptos, buying MOG, MOTHER, and PEPE ahead of “a memecoin breakout.”
Moreover, SpaceX and Tesla CEO Elon Musk continued to trigger conversations around Dogecoin with his recent political-centered X post.
The low-cap dog-themed crypto jumped 6.2% the previous day, and bulls appear prepared for “Uptober” outperformance.
Arthur Hayes bets big on memes
The American entrepreneur went on a meme token shopping last week. He revealed his allocations on Iggy’s MOTHER, MOG, and Ether-based PEPE. Further details show he holds over 24 billion Pepecoin.
Also, the BitMEX co-founder has invested in Solana memes such as Ponke (PONKE) and Smoking Chicken Fish (SCF). Moreover, his shifted focus to meme tokens came after Hayes significantly trimmed his positions on PENDE, underscoring his confidence in themed assets in the upcoming sessions.
Elon Musk remains the “Dogefarther”
Musk has been prominent in crypto over the past years due to his support for the original dog-themed token, Dogecoin. While the community awaits Tesla to integrate DOGE for merchandise payments, the billionaire once again demonstrated his love for the altcoin in the latest X post.
The recent teaser saw Dogecoin jumping from $0.1228 to $0.1314 within two hours – a 7% uptick. Elon Musk also owns Bitcoin (BTC) and Ethereum (ETH). Musk’s support contributed to the massive DOGE jump to ATHs in 2021.
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