⇗ 'Pendle Coin Sees Surge and Rumored Market Dominance' - Investment Update

Recent developments in the cryptocurrency market direct our attention towards Pendle, presenting it as a potential crypto-asset for investors. It has expanded its yield opportunities for Bitcoin holders with new BTC pools. Forecasting its price from 2024 to 2030, some experts suggest that Pendle could be a good investment. It has shown promising trends so far, being included in the list of the next crypto-assets to potentially explode.

This trend was reflected as Pendle price surged significantly, making it one of the best altcoins for any portfolio, even beating out Ripple (XRP) and ETFSwap (ETFS). Alongside the positive wave, DeFi Protocol Penpie faced a significant exploit which affected its PNP Token. Meanwhile, the rise of Pendle Finance and the appearance of Notcoin have been noteworthy in the market.

Pendle prices rose rapidly by 10% after the Crypto billionaire and BitMEX Co-founder Arthur Hayes expressed his optimistic views on Pendle Derivative Exchange. Recent events indicate a potential for PENDLE's price surge, catalyzed by factors such as BitMEX Co-Founder's investment and the coin's recovery from a domain hijack attempt.

However, there have been concerns regarding its slowing usage and the question of its recovery is up for debate. Despite market-wide bloodbaths, Pendle managed to soar by more than 17%, suggesting its resilience.

Experts have also shown concerns regarding Pendle's $3 support as its Network Total Value Locked (TVL) dropped by 47%. Nevertheless, amid these challenges and uncertainties, Arthur Hayes remains bullish on PENDLE, indicating a potential upside for the cryptocurrency.

PENDLE Coin News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Wed, 11 Sep 2024 14:00:14 GMT - Rating 5 - Innovation 3 - Information 7 - Rumor -2