Pendle's Puny Fall Or Potential Rise?

Pendle Coin started off 2024 with a noteworthy performance before seeing a slowdown in its usage. Predictions indicate the price of Pendle could rally again, with notable figures like Arthur Hayes expressing optimism about Pendle's future. Hayes' positive outlook resulted in a notable increase in the coin's value, with a significant investment from the BitMEX co-founder. Consequently, Pendle price soared by 20% and its total value locked (TVL) significantly surged. A hijack attempt on Pendle Finance's domain was effectively remedied, leading to a 14% price increase. Despite the ups and downs, Pendle, Pepe Coin, and MoonBag are flagged as promising cryptos under $0.50, offering substantial return on investment (ROI) potential. However, Pendle recently experienced a significant loss of TVL, raising concerns about price stability. Arthur Hayes locked up a substantial amount of Ethereum-based DeFi altcoin, adding to the speculative buzz surrounding Pendle. As per the latest data, the coin eyes a new all-time high (ATH) with significant buy signals pointed by massive whale activity. A potential reversal is on the cards amid an institutional buying spree. However, Pendle also grapples with the risk of a major correction and the possibility of price decline following Hayes' move to sell. Predications suggest that Pendle might hit $5.95 by May 04, 2024. Despite a host of challenges and uncertainties, the new-age cryptocurrency, aided immensely by presale projects like MoonBag, has emerged as a preferred choice in the volatile crypto market.

PENDLE Coin News Analytics from Thu, 09 Nov 2023 08:00:00 GMT to Sun, 25 Aug 2024 20:17:38 GMT -