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PENDLE Looks Set To Be Today’s Top Crypto Gainer While Launchpad Presale Surges

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LaunchPad DEXTools
LaunchPad DEXTools

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PENDLE is currently a top crypto gainer due to consecutive listings on prominent platforms. It has experienced a significant surge in value, attracting a wider audience. PENDLE has also emerged as the hottest asset on Arbitrum (ARB), providing an exceptional opportunity for yield farming and substantial financial gains. Meanwhile, the Launchpad XYZ presale raised more than $1M.

Back-to-Back Listings Propel PENDLE Token’s Value Surge

The consecutive listings of Pendle on six major digital assets platforms, such as BitMart, Binance, KuCoin, and Huobi, have ignited a wave of excitement among traders and investors.

As a result, the PENDLE token’s value has experienced a significant surge, reflecting the growing confidence and interest in the altcoin. The strategic achievement of securing listings on reputable exchanges has increased accessibility and exposure for PENDLE. It has attracted a wider audience of potential buyers and contributed to the overall upward trajectory of the cryptocurrency.

Meanwhile, $PENDLE has emerged as the hottest asset on Arbitrum, experiencing an extraordinary 79% surge in value today. The strategic decision to list the $PENDLE – $ETH pool has proven highly beneficial for investors. By leveraging 3x in the Nitro Pool, they can capitalize on an impressive 162.8% APY return. This presents an exceptional opportunity to optimize yield farming and achieve substantial financial gains.

Pendle Token’s Remarkable Growth: Insights into the Dynamics Behind the Surge

Pendle has witnessed a phenomenal growth journey this year, surging by an astonishing 1,552% from $0.046 to $1.02. This exceptional performance has positioned the coin at rank 5 on the Hot Pair list on DEXTools.

Pendle DEXTools
Source: DEXTools

This remarkable upswing cannot be solely attributed to recent listings. Analyzing the on-chain data reveals intriguing dynamics behind Pendle’s impressive performance.

Whales, prominent investors, have played a pivotal role in accumulating PENDLE early on, significantly contributing to its price surge. Notably, one whale identified as “0xc54a” has consistently purchased PENDLE from centralized and decentralized exchanges since February 9. With an average buying price of approximately $0.2852, this whale has accrued impressive profits of $1.58 million, a 162% increase.

The whale’s accumulation of PENDLE underscores their confidence in the protocol’s long-term potential. Pendle’s innovative approach to yield farming, enabling future yield tokenization and trading, has caught the attention of forward-looking investors. The protocol’s unique Automated Market Maker (AMM) supports assets with time decay. This grants users greater control over future yield and presents unparalleled utilization prospects.

PENDLE Price Analysis

Pendle price
TradingView: PENDLE/ETH 1-Day Chart

The PENDLE/USD daily chart analysis, reveals a significant bullish rally today, with the coin experiencing impressive gains of over 79%. Throughout the year, PENDLE has demonstrated a consistent upward trend, as indicated by the positive yellow trendline.

Although a minor decline occurred between mid-April and mid-May, the coin swiftly recovered and has been steadily rising with intermittent minor fluctuations. Over the past 14 days, PENDLE has exhibited consistent value growth, with only two days of losses.

Technical indicators, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), support the bullish momentum of PENDLE. The MACD histograms are rising and remain above the zero line, indicating a positive trend. The RSI is in the overbought region, with the indicator line pointing upwards, suggesting the presence of ongoing positive momentum.

Currently, PENDLE boasts a total market capitalization of $236.38 million and a 24-hour trading volume of $4.26 million. On DEXTools, the coin has a reliability score of 99/99, with an impressive 80% Community Trust. These metrics reflect the strong market interest and confidence in the PENDLE project.

Meanwhile, another cryptocurrency is experiencing massive collection in its presale.

PENDLE Alternative

Launchpad XYZ aims to revolutionize the Web3 world by providing crypto traders, investors, and users with a suite of data and tools to enhance efficiency and profitability. Launchpad XYZ offers a range of analytical insights and tools, including a self-custody wallet, decentralized exchange, NFT marketplace, fractionalized assets, and a trading terminal, as a one-stop shop for users navigating the complex Web3 and crypto landscape.

Launchpad XYZ empowers users to discover tokens with the potential for exponential returns, akin to the success of PEPE. Through its comprehensive data and tools, users can identify promising projects early and access curated crypto presales that often yield significant gains. Additionally, staking the native LPX token provides opportunities to earn presale tokens, further incentivizing user engagement.

The project introduces the innovative Launchpad Quotient, an AI-powered ranking system. It evaluates 400 live data points to assess the risk-reward potential of Web3 assets, be they crypto tokens or NFTs. Launchpad XYZ also offers in-depth analytics on numerous coins and identifies arbitrage opportunities. It also provides trading insights from professional traders and offers bespoke indicators for assets through technical analysis.

Launchpad XYZ’s API-driven trading platform offers actionable insights, generating revenue through referral fees, trading system fees, and signal fees. Users can seamlessly trade hundreds of asset pairs on the built-in decentralized exchange (DEX), with future versions introducing limited, perpetual contracts for selected pairs. Staking LPX tokens reduces fees, enhancing the trading experience.

Unveiling the Web3 Ecosystem

Beyond crypto tokens, Launchpad XYZ extends its analytics to other areas of the Web3 ecosystem. Users can explore crypto games, NFTs, and the metaverse through dedicated hubs facilitating access and comparison. The Launchpad Quotient assists in identifying promising assets, while users can stake NFTs for exclusive deals and create their galleries. The platform also provides real-time data on NFT listings and offers a seamless peer-to-peer trading marketplace.

Launchpad XYZ Presale

Launchpad XYZ, a groundbreaking project, has achieved remarkable success by raising $1,086,866 in its presale rounds. Within a few weeks of launching the presale, the project has already reached significant milestones, positioning itself as a promising player in the market. Its primary focus remains on delivering AI-backed solutions to the trading community, aiming to revolutionize the industry.

Currently priced at $0.0445, investors looking to buy LPX should do so now while it offers an attractive entry point. However, this price is expected to rise to $0.046 once the presale funds reach $1,550,000.

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