Satoshi

Future

Captain

PEPE

Read

<p>PENDLE is on the rise with several bullish factors suggesting it will surpass $20 in this market cycle. According to Defi_Mochi, key metrics and upcoming catalysts position PENDLE as a standout player in the crypto market.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a> bull thesis -&gt; Why <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a> is going beyond $20 this cycle<br>—————–<br><br>Metrics<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">$24B Cumulative yield trading volume<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">Grew TVL by &gt; $500m in two weeks from $3.35B to $3.85B<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Nearly tripled trading vol from $30m to $84m in a week<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">35.5% of circulating…</p>— Defi_Mochi (@defi_mochi) <a href="https://twitter.com/defi_mochi/status/1815363937543880832?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h3 class="wp-block-heading" id="strong-pendle-s-key-metrics-highlighting-growth-strong"><strong>PENDLE’s Key Metrics Highlighting Growth</strong></h3>
<p>PENDLE has metrics that signal robust growth. The cumulative yield trading volume has reached around $24 billion as noted by Defi_Mochi.&nbsp;</p>
<p>Additionally, in two weeks, PENDLE’s total value locked surged by $500M, rising to $3.85 billion. Besides, this growth was accompanied by nearly tripling its trading volume, from $30 million to $84 million within a week.&nbsp;</p>
<p>Furthermore, 35.5% of circulating PENDLE is locked as vePENDLE, and the protocol has generated $18.58 million in annual fees. These metrics indicate strong market confidence and substantial activity within the PENDLE ecosystem.</p>
<h3 class="wp-block-heading" id="strong-catalysts-driving-future-growth-strong"><strong>Catalysts Driving Future Growth</strong></h3>
<p>Several catalysts are expected to propel PENDLE beyond $20. Firstly, <a href="https://www.coindesk.com/business/2024/07/22/sec-approves-spot-ethereum-etfs/" target="_blank" rel="noopener noreferrer nofollow">the launch of ETH ETF</a> this week is a key event.&nbsp;</p>
<p>Historically, PENDLE has been a top pick for ETH betas alongside PEPE and ENS. The opening of yield markets with ETH staking is anticipated to boost yield trading, attracting institutional attention towards ETH markets.</p>
<p>Another catalyst is the launch of the LRT token. The introduction of permissionless restaking by @LidoFinance, a universal restaking layer by @Karak_Network, modular infrastructure for LRT creation by @mellowprotocol, and multi-asset restaking LRT by @Bedrock_DeFi are key developments. These innovations are expected to boost the utility and appeal of PENDLE.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Next Big Airdrop?
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Notcoin airdrop on Telegram made millions to people. Don’t miss out on the <strong><a href="https://t.me/dogshouse_bot/join?startapp=lPBZdx-GSwePJnSgqNglpA" target="_blank" rel="noopener noreferrer nofollow">next TG airdrop</a></strong> by the same team – Dogs on Ton!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/robert-kiyosaki-predicts-bitcoin-price-if-trump-becomes-us-president-again/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Robert Kiyosaki Predicts Bitcoin Price If Trump Becomes US President Again</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-collaborations-and-upcoming-launches-strong"><strong>Collaborations and Upcoming Launches</strong></h3>
<p>Collaborations with notable projects further bolster $PENDLE’s prospects. BTC fi with [redacted], highly anticipated L1 projects such as @monad_xyz and @berachain, and upcoming @binance-backed L2s like @ZircuitL2 are noteworthy collaborations.&nbsp;</p>
<p>Additionally, new <a href="https://captainaltcoin.com/?s=Real-World+Asset&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Real-World Asset (RWA) </a>pools are set to launch, diversifying PENDLE’s offerings and attracting more users.</p>
<p>Moreover, Pendle V3 is another launch slated for Q4. This upgrade will unlock leveraged yield trading, which is expected to attract massive institutional interest, courtesy of @pendle_fi’s elite business development team.&nbsp;</p>
<p>With these catalysts aligning for Q4, PENDLE is poised to solidify its position as the de facto market for yield trading in the crypto sector.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Hence, PENDLE’s metrics and the upcoming catalysts and strategic collaborations, indicate a strong potential for price appreciation. Besides, with these developments unfolding, PENDLE is expected to reach and surpass the $20 mark in this market cycle.&nbsp;</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-pendles-price-might-surge-beyond-20-this-cycle/" rel="noopener noreferrer nofollow">Why PENDLE’s Price Might Surge Beyond $20 This Cycle</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why PENDLE’s Price Might Surge Beyond $20 This Cycle

Table of Contents

CaptainAltcoin

Other articles published on Jul 23, 2024

The Digital Chamber Urged VP Kamala Harris To Embrace Digital Assets

Investors Flock to Meme Coins

Gate.io to wind down services for customers in Japan

JUST IN! Binance Labs Announced the New Cryptocurrency Project It Invested in!

ETH Not a Security: SEC Implicitly Confirms with Approval of Spot Ether ETFs

Helium Mobile (MOBILE) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Join our free newsletter for daily crypto updates!