Pendle Coin is seeing a
flip in its market performance, with
institutional investors showing interest and contributing to its robust growth. Insights into what constitutes Pendle and whether it should be a part of your
crypto portfolio have thrown the spotlight on
PENDLE, marking it as a
new era in crypto investment. Even though
DeFi tokens are witnessing a dip, Pendle is holding its own, sparking interest in its potential market domination. The finance platform has managed to recover rapidly from domain hijacking, and PENDLE price has jumped by 14% as a result.
Arthur Hayes, co-founder of BitMEX, has shown huge support for Pendle, investing heavily and leading to a 20% price increase. Other whales, too, are finding Pendle intriguing, significantly impacting its price dynamics. Amid all of this, Pendle has also seen some setbacks – security concerns stand important among these. Even though the price soared by 10% following Arthur Hayes' optimism, investors need to tread with caution, considering the shaky phases of the coin’s trajectory. Additionally, Pendle's close calls with various altcoins such as
ButtChain, Chainlink, Ondo, Uniswap, and its winning streak in the crypto market add to its market proposition. However, a word of caution comes with recent situations of
token thefts, causing a loss of about $5.62M through Permit Phishing.
PENDLE Coin News Analytics from Thu, 09 Nov 2023 08:00:00 GMT to Wed, 31 Jul 2024 19:33:42 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor -3
