A recent swell of attention in the cryptocurrency world has focused around Pendle Coin, listed as one of the
best new cryptocurrencies on the market. It has emerged as a leader in
real world assets (RWA) amidst a revival in the cryptomarket. Both
price predictions and
analysis see promise in its positioning.
Pendle Finance’s surge has drawn attention, despite recent challenges including a
domain hijack attempt which it swiftly recovered from. A significant support level held firm against a
whale sell-off and spurred a price rally towards $5. Post-crisis, Pendle Coin's price shot up by 14%. Speculation arises on whether a
breakout could push the PENDLE price beyond $10. Notably,
BitMEX Co-Founder Arthur Hayes significantly invested into Pendle as its price and TVL soared. As a result, liquidation in PENDLE surged, bringing the question if bears are ruling the market back into the discourse. Despite a slight fall, its price is expected to fuel a new ATH due to potential
catalysts. Recent times have seen the
total value locked (TVL) in DeFi protocol Pendle dropping significantly, which raises questions about the reasons behind such an exodus, but steady price makes it an interesting addition to the portfolio. Furthermore, Pendle Coin is thought to be an excellent investment for the 2024-2030 timeframe, with its price expected to reach $ 5.95 by May 4, 2024.
PENDLE Coin News Analytics from Thu, 09 Nov 2023 08:00:00 GMT to Mon, 19 Aug 2024 19:11:07 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 4
