Pendle Coin, a recognized player in the DeFi and cryptocurrency market, has undergone various fluctuations, exhibiting robust growth especially in 2024. Expert predictions suggest a
steady year ahead, with potential for new highs by 2025. Given the turbulent nature of cryptocurrencies,
Pendle also experienced a downtime, with prices stalling as large quantities of the coin were dumped from team wallets. Despite these,
Pendle remains on an upward trajectory amassing a year-to-date rise of 355%, and reaching a 50-day high in sync with the inauguration of Bitcoin-linked pools.
Arthur Hayes, the co-founder of BitMex, engaged in a shift from the coin, potentially leading to other investors buying Pendle. Recently, the coin expanded yield opportunities through the introduction of new BTC pools and saved $105M in crypto from an impending hack. Despite the crypto market volatility, Pendle managed to defy expectations, breaking out with a momentum that set its sights on a $5 target. This change was further catalyzed by
institutional buying sprees and investor's interest and support, leading to a rally of about 30%. Despite facing issues with domain hijacking and pending delisting,
Pendle Finance has shown resilience, recovering and potentially paving the way for a new era in crypto investments.
PENDLE Coin News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Fri, 22 Nov 2024 13:00:41 GMT -
Rating 8
- Innovation 7
- Information 5
- Rumor 6
