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Bitcoin has recently faced a bit of turbulence, dropping from its previous high of $63,000. However, the analyst of Crypto Banter's The Sniper Trading show said that it's important to remember that the last low was around $49,000, and we are still maintaining higher lows, sitting comfortably at $59,000-$60,000.
Real World Assets domain cryptos are gaining attention steadily, and the upcoming September 2024 for MKR, ONDO, and, PENDLE, looks favorable for investment. Maker(MKR) MKR is loaded with positive fundamentals like the recent adoption by top crypto asset management Grayscale, which added MKR to its crypto investment list.
Real World Assets (RWA) Tokenization is gaining traction in the crypto market. If you're an investor looking to diversify your portfolio or explore new opportunities, this analysis highlights some of the most promising RWA altcoins to consider in September.
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Pendle, the decentralised finance protocol that's riding the tokenization wave across the crypto space, is one of the top-performing altcoins in the past 24 hours. The protocol's native token PENDLE, which offers holders access to the trading of future yield, was up 42% at the time of writing to hover near $2.75.
TL;DR ONDO's Performance: ONDO, the native token of Ondo Finance, one of the RWA cryptocurrencies, surged by nearly 37% in the last 24 hours, reaching a price of $0.71. Despite this short-term gain, ONDO has experienced a 25% decline from its August 1 price of $0.95.
After a significant drop yesterday, Bitcoin and the broader crypto market finally recovered remarkably.
The Pendle price prolonged its consolidation from last as the broader market witnessed a surge in supply pressure after Bitcoin reverted from $70000 on Monday—the renewed selling pressure in pressing the Pendle coin against multi-month support with potential for bearish breakdown. However, recent accumulations from prominent institutions signal a potential for reversal.
Pendle Finance, a prominent decentralized finance (DeFi) protocol specializing in yield trading solutions, is staging a strong recovery following a major security breach earlier this year. The incident, involving a malicious DNS redirect and domain hijack attempt, led to a temporary shutdown of Pendle's app.
As the crypto market takes a slow approach in the middle of the week, Bitcoin and other top altcoins are taking it easy. However, the low-cap altcoins amplify the minor upticks for a quick rise and breakout rally opportunities.
Despite the recent bounce in the market, there is enough opportunity as many altcoins remain majorly undervalued. Analyst Miles Deutscher said some altcoins could perform exceptionally well if the market gains momentum.
TL;DR TVL Recovery Efforts: Pendle, a yield trading protocol, is addressing a 40% decline in its TVL. To reverse this trend, Pendle has launched new liquidity pools on the Arbitrum network. Pendle-Karak Collaboration: In addition to the pools, Pendle has partnered with Karak Network.
The cryptocurrency market entered the second half of July on a bullish note as Bitcoin price projected a 4-day rally to reclaim the $62000 mark. The recovery momentum spread rapidly to the altcoin market and uplifted the Pendle coin to a $4.45 high while the market cap jumped to $691.5 Million.
Responding swiftly to the attack, the Pendle Finance team shut down their app after detecting a malicious DNS redirect. The PENDLE price is currently trading 14% up at $4.40 with a market cap of $681 million.
Pendle, the native token of the decentralized platform Pendle Finance, has surged 14% today to become the top gainer among the leading 100 cryptocurrencies by market cap. At the time of writing, PENDLE was still up 13.
Pendle domain hijacking causes the website to go down; however, user funds are safe, and the protocol is unaffected.
Hackers targeted the websites of prominent decentralized finance (DeFi) platforms Celer and Compound Finance.
A significant crypto whale moved $3.8 million worth of PENDLE tokens to Binance earlier today.
Since last weekend, the cryptocurrency market has showcased a consolidation trend as digital assets try to stabilize from the recent sell-off. Amid the sideways action, the market sentiment saw a slight uptick on Monday as Bitcoin jumped 4% to revisit $58200.
Here is how some of your favorite assets concluded the week.
Here are the leading RWA cryptocurrencies to follow this month.
Pendle cryptocurrency has recently faced significant challenges amidst the broader volatility in the cryptocurrency market. This article provides a detailed analysis of Pendle's price movements, technical indicators, investor sentiment, and its future outlook in the evolving landscape of decentralized finance (DeFi).
If you invest $1,000 in PENDLE at its current price of $3.96, you will acquire approximately 252.53 PENDLE tokens. Should the price hit $40, your portfolio would skyrocket to $10,101.20.
Pendle Price Prediction: On Wednesday, the cryptocurrency market witnessed renewed supply pressure after a week-long consolidation. This minor relief in most of the major altcoins including Pendle resumed bearish momentum as Bitcoin price recorded a 4% fall today to plunge below the $60000 support.
