{"id":29724,"date":"2024-09-23T19:00:56","date_gmt":"2024-09-23T16:00:56","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29724"},"modified":"2024-09-23T18:28:18","modified_gmt":"2024-09-23T15:28:18","slug":"pendle-pendle-surges-24-after-federal-reserve-rate-cut-poised-for-further-gains","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/pendle-pendle-surges-24-after-federal-reserve-rate-cut-poised-for-further-gains\/","title":{"rendered":"Pendle (PENDLE) Surges 24% After Federal Reserve Rate Cut, Poised for Further Gains"},"content":{"rendered":"

After the Federal Reserve’s rate cut, the crypto market is showing a good trend; many cryptocurrencies have witnessed appreciable rise during the past 24 hours. Pendle (PENDLE)<\/strong> has been among the top among them rising by 24% in the past 24 hours and by 30% over the past week.<\/p>\n

Leading crypto analytics platform Phoenix says PENDLE is currently trading at $4.10<\/strong>, showing an 18% increase and maintaining a favorable outlook. Having a market value of $658.52 million, Pendle ranks #94 on the market; its 24-hour trading volume has increased 15.74%, reaching $656,768,309. With its amazing price activity, PENDLE has been labeled as “Coin of the Day.”<\/p>\n

Pendle<\/strong> performed really well for several reasons. Said CoinMarketCap (CMC), the 24% surge in the cryptocurrencies has attracted greater attention from investors seeking to profit from its growing momentum. Since they view PENDLE as a successful prospect with predicted future expansion, many traders have started investing in it in reaction to the current price surge.<\/p>\n

Particularly, BitMEX CEO Arthur Hayes grabbed headlines when he predicted PENDLE topping $10. But only yesterday, Hayes sold a considerable number of PENDLE tokens at an average price of $3.52. The token’s price surged 24% following his sell-off, culminating at $4.39, and Hayes would have lost possible $1.29 million.<\/p>\n

Still, PENDLE<\/strong> has a very positive momentum. The coin’s recent 24% spike and 30% growth over the past week have many investors excited about the long-term opportunities. According to Hayes, Pendle is probably going to hit $10 in not too distant future; consequently, it is a great asset for people seeking high returns.<\/p>\n

Given its outstanding performance and rising investor interest, PENDLE is probably a helpful instrument in the continued crypto bull run. Many traders believe that vigilant trading could produce significant rewards as the coin continues on its upward course.<\/p>\n

The information in this article does not provide any investment advice.<\/span><\/i><\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our<\/span><\/i> Telegram,<\/span><\/i><\/a> YouTube<\/span><\/i><\/a>, and<\/span><\/i> Twitter<\/span><\/i><\/a> channels for the latest<\/span><\/i> news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

After the Federal Reserve’s rate cut, the crypto market is showing a good trend; many cryptocurrencies have witnessed appreciable rise during the past 24 hours. Pendle (PENDLE) has been among the top among them rising by 24% in the past 24 hours and by 30% over the past week. Leading crypto analytics platform Phoenix says<\/p>\n","protected":false},"author":6,"featured_media":29726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,657,1],"tags":[2467,8736,8523],"class_list":["post-29724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-en","category-genel","tag-pendle","tag-pendle-pendle","tag-token-analysis"],"yoast_head":"\nPendle (PENDLE) Surges 24% After Federal Reserve Rate Cut, Poised for Further Gains - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/pendle-pendle-surges-24-after-federal-reserve-rate-cut-poised-for-further-gains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pendle (PENDLE) Surges 24% After Federal Reserve Rate Cut, Poised for Further Gains - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"After the Federal Reserve’s rate cut, the crypto market is showing a good trend; many cryptocurrencies have witnessed appreciable rise during the past 24 hours. 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