↗ The Pendulum Swings - A Comprehensive Look at Pendle Coin's Performance'

There's been a multitude of developments surrounding Pendle Coin. Interestingly, a price prediction for PENDLE forecasts that it could reach $5.95 by May 2024. The coin has seen a mix of rises and falls, for example, a significant surge despite weakening crypto price action. One notable rise came following a domain hijack attempt, resulting in a 14% price increase.

Furthermore, high-profile investments in Pendle, such as BitMEX Co-Founder Arthur Hayes investing, have caused significant price jumps. If Hayes decides to sell, however, predictions suggest Pendle might drop. Despite this, the coin has seen major support, staving off whale sell-offs and often prompting rallies. One such recovery was related to prominent institutional buying.

Unfortunately, Pendle has seen losses too, with the coin overtaken by other crypto-winners such as Cheelee and other tokens entering new exchanges. The TVL for DeFi Protocol Pendle dropped significantly, suggesting possible issues. Nevertheless, large whale activity indicates potential buy signals, promising a recovery ahead.

Noteworthy is the ongoing discussion about Arthur Hayes' strategy investing in PENDLE. With other developments like total value locked nearing $1B and notable price recoveries, these suggest a generally optimistic outlook despite the struggles.

PENDLE Coin News Analytics from Thu, 09 Nov 2023 08:00:00 GMT to Wed, 07 Aug 2024 15:00:00 GMT - Rating 2 - Innovation 2 - Information 6 - Rumor -1