The crypto market reportedly seems bullish after the Federal Reserve cut rate, boosting many cryptocurrencies over the last 24 hours. Pendle ($PENDLE) has popped out to the prominent crypto gainers among other altcoins with a significant surge of 24% over the last 24 hours and 30% during the last week. As per the stats shared by Phoenix, a crypto analytical platform, $PENDLE is trading at $4.10 with a price surge by 18% and seems bullish.
$PENDLE ranked #94, currently trading at $4.14, is moving in a bullish manner with a total market cap of $658.52 million. Pendle’s 24-hour trading volume is standing at $657,768,309 which is also up by 15.74%. Due to the sudden price surge, $PENDLE is among the top gainers and today titled as ‘Coin of the day’.
$PENDLE is Flooding in News Today: Price Analysis
$PENDLE has managed to be in the news throughout today because of multiple reasons. Firstly, as per CoinMarketCap (CMC) data, $PENDLE has shown significant growth today as surged by 24% and currently fluctuating at an 18% price surge. Many crypto investors and traders are eyeing and investing in $PENDLE to yield maximum profits and for the future prospects.
Almost 10 days ago, Arthur Hayes, the CEO of BitMEX, predicted that $PENDLE is all set to hit $10. After that, he sold a significant amount of $PENDLE tokens yesterday, at the average rate of $3.52, and immediately after that $PENDLE surged by 24% and hit $4.39 today. Because of his sell-off, he lost around $1.29 million, bringing both Artur Hayes and $PENDLE in the news today.
Price Prediction of Pendle ($PENDLE)
$PENDLE seems bullish as showing a prominent surge of 24% during the last 24 hours and 30% during the last week. As predicted by Arthur Hayes, Pendle has the potential to grow exponentially, hitting $10 shortly, and is all set to be a part of the bull run. Many crypto investors are eyeing $PENDLE and investing in it to yield maximum profit in the coming time. Based on $PENDLE’s performance, it is highly believed that it can be proven a very valuable asset with vigilant trading.
Source: https://blockchainreporter.net/pendle-skyrockets-coin-of-the-day-with-an-18-price-surge/