{"id":523434,"date":"2024-05-20T13:46:43","date_gmt":"2024-05-20T13:46:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=523434"},"modified":"2024-05-20T13:46:43","modified_gmt":"2024-05-20T13:46:43","slug":"top-crypto-gainers-today-may-20-pendle-livepeer-fasttoken-arcblock","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-today-may-20-pendle-livepeer-fasttoken-arcblock","title":{"rendered":"Top Crypto Gainers Today May 20 – Pendle, Livepeer, Fasttoken, ArcBlock\u00a0"},"content":{"rendered":"

Today, the spotlight is on the top gainers in the market, but first, let’s take a quick look at the global sentiment surrounding Bitcoin, the flagship cryptocurrency. Bitcoin has maintained its <\/span>strong position above $66,000<\/span><\/a>, currently trading at $67,188. This stability, with a 10.2% gain over the past seven days and 4.73% over the past 30 days, has fueled optimism among traders.<\/span><\/p>\n

Analysts like Rekt Capital believe the market may be nearing its bottom after recent corrections. Historical patterns post-halving events suggest potential volatility, with Bitcoin previously experiencing significant gains followed by sharp corrections. This context sets the stage for the impressive performance of today’s top gainers.<\/span><\/p>\n

Biggest Crypto Gainers Today – Top List<\/b><\/h2>\n

As the crypto market continues to evolve, certain digital assets are capturing significant attention with their remarkable performance. Today, we spotlight the <\/span>top gainers<\/span><\/a>: Pendle, Livepeer, Fasttoken, and ArcBlock. Each of these cryptocurrencies has shown impressive price surges and robust market dynamics.<\/span><\/p>\n

For instance, Pendle’s price has skyrocketed by 1,071% over the past year, trading at $5.26 today, a 6.61% increase in the last 24 hours. Livepeer has also surged by 299% in the past year, with its current price at $19.90, up 5.14% in the last 24 hours. Fasttoken is trading at $2.01, marking a 137% increase over the past year. At the same time, ArcBlock’s price has exploded by 3,938%, currently at $4.22, a 5.23% rise in the last 24 hours. Without further ado, let’s dive into the details.<\/span><\/p>\n

1. <\/b>Pendle (PENDLE)<\/b><\/h3>\n

Pendle is a protocol on Ethereum that creates a market for yields from supported yield-bearing tokens. It enables various yield-management strategies in a permissionless environment. Pendle achieves this by wrapping yield-bearing tokens into standardized yield tokens (SY), which are compatible with the Pendle AMM. <\/span><\/p>\n

These SY tokens are then split into principal tokens (PT) and yield tokens (YT), known as yield tokenization. PT and YT can be traded on Pendle’s AMM, though understanding the AMM isn’t necessary for trading.<\/span><\/p>\n

\"PENDLE<\/p>\n

Pendle brings traditional finance’s interest derivative market into DeFi, making it accessible to all users. This allows for advanced yield strategies, such as earning fixed yields on assets like stETH, betting on yield increases, and providing liquidity without additional risks. Users can mix and match these strategies to optimize their returns. Pendle unlocks yield potential, offering a platform for managing and trading yield-bearing assets.<\/span><\/p>\n

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sUSDe yield has been lifted to 37.2%.<\/p>\n

sUSDe cap on Pendle has been lifted to 250M 🫡 pic.twitter.com\/msB1FfmZZE<\/a><\/p>\n

— Pendle (@pendle_fi) May 17, 2024<\/a><\/p><\/blockquote>\n