Keep an Eye on Pendle Crypto as It Makes Huge Gains
The cryptocurrency coin Pendle (PENDLE) is up 13.40% today and rising, and it could be the next big earner for savvy investors.
This lesser known crypto is being overlooked right now, as it is hanging out close to the #100 position on the cryptocurrency market charts, but that may change very soon. As much of the crypto market is settling into a period of low activity, Pendle is standing out with its bullish behavior.
The coin has done okay over the last week, losing very little ground. But it is today that the coin has started making waves. Any increase of more than 10% is well worth a look for investors hoping to make a large return on their investment. Not only is this coin surging today, but a longer look at its movement shows that the coin has been rapidly gaining momentum over the last month. It is up 112% from 30 days ago and rising more right now.
This has been a coin that has gone from one new record to another and rarely lost any ground at all. Even looking back over the coin’s history for the last year, it is obvious that it has maintained its strength and has not been affected by the “crypto winter”. If anything, that low volatility in the market has helped propel this coin as one that is worthy of interest. When not much is going on, people go where the action is, and that’s with Pendle right now. Looking over at Bitcoin(BTC), it hasn’t moved much between 1-2% in growth from week to week recently.
What You Should Know about Pendle
Pendle is a future yield token, making it an outlier among cryptocurrencies. Because it operates differently from many of the mainstream tokens, there is room for growth when other DeFi currencies are standing still. The coin has been out on the market for a few years and started to see steady, substantial growth early last year. It has hardly slowed down since then.
Does this mean it will continue to grow? There is no reason why it should slow down now, but the huge gains it has experienced recently could be short lived, and it may go back to smaller gains in the near future. While the rest of the market is treading water, Pendle is swimming laps. Investors should be looking at this one closely.
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