{"id":576054,"date":"2024-09-12T14:01:58","date_gmt":"2024-09-12T14:01:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=576054"},"modified":"2024-09-12T14:01:58","modified_gmt":"2024-09-12T14:01:58","slug":"pendle-price-prediction-arthur-hayes-sets-10-target-for-pendle-following-launch-of-btc-yields-offering-45-as-a-whale-moves-on-this-new-ico","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pendle-price-prediction-arthur-hayes-sets-10-target-for-pendle-following-launch-of-btc-yields-offering-45-as-a-whale-moves-on-this-new-ico","title":{"rendered":"Pendle Price Prediction: Arthur Hayes Sets $10 Target For PENDLE Following Launch Of BTC Yields Offering 45% As A Whale Moves On This New ICO"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Pendle price <\/span><a href=\"https:\/\/www.geckoterminal.com\/arbitrum\/pools\/0xdbaeb7f0dfe3a0aafd798ccecb5b22e708f7852c\"><span style=\"font-weight: 400;\">soared<\/span><\/a><span style=\"font-weight: 400;\"> over 13% in the last 24 hours to trade at $3.55 as of 7:11 a.m. EST as investors take a bet on the altcoin&rsquo;s short-term future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The surge in the PENDLE price comes after the project started offering pools with variable yields as high as 45% for a token backed by the leading crypto, Bitcoin (BTC).&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Episode 1 of the Pendle <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> arc<\/p>\n<p>A foursome production alongside <a href=\"https:\/\/twitter.com\/use_corn?ref_src=twsrc%5Etfw\">@use_corn<\/a> x <a href=\"https:\/\/twitter.com\/Lombard_Finance?ref_src=twsrc%5Etfw\">@Lombard_Finance<\/a> x <a href=\"https:\/\/twitter.com\/babylonlabs_io?ref_src=twsrc%5Etfw\">@babylonlabs_io<\/a>:<\/p>\n<p>Corn LBTC (26 Dec) &#127805; <a href=\"https:\/\/t.co\/9hi7huQzRM\">pic.twitter.com\/9hi7huQzRM<\/a><\/p>\n<p>&mdash; Pendle (@pendle_fi) <a href=\"https:\/\/twitter.com\/pendle_fi\/status\/1833852757796937807?ref_src=twsrc%5Etfw\">September 11, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">BitMEX founder <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/arthur-hayes-closes-bitcoin-short-predicts-market-support-from-janet-yellen-could-drive-btc-higher\"><span style=\"font-weight: 400;\">Arthur Hayes<\/span><\/a><span style=\"font-weight: 400;\"> believes that the launch of these DeFi pools could propel the Pendle price to $10. He shared his bullish outlook on the development in a Sept. 12 post on X.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PENDLE<\/a> + <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> DeFi = $10<\/p>\n<p>Bet <a href=\"https:\/\/t.co\/QSZZIXkgaG\">https:\/\/t.co\/QSZZIXkgaG<\/a><\/p>\n<p>&mdash; Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1834056606788845625?ref_src=twsrc%5Etfw\">September 12, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400;\">The Pendle Price Approaching A Major Resistance Level<\/span><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/z\/ZrDWZLJF.png\" alt=\"PENDLE Chart Image\"><\/p>\n<p><span style=\"font-weight: 400;\">4-hour chart for PENDLE\/USD (Source: <\/span><a href=\"https:\/\/www.tradingview.com\/x\/ZrDWZLJF\/\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-september-10-jasmycoin-kaspa-pendle-dogwifhat\"><span style=\"font-weight: 400;\">Pendle<\/span><\/a><span style=\"font-weight: 400;\"> price is attempting to overcome the $3.6125 resistance level after it formed a short-term positive price channel over the last couple of days. Should the crypto close a 4-hour candle above this technical barrier, PENDLE might have the necessary foundation to climb to as high as $4.3010 in the following 48 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A rejection from the $4.3010 resistance in the next 24 hours could bring an end to the Pendle price&rsquo;s bullish streak. In this alternative scenario, PENDLE will likely fall out of the ascending channel and test the immediate support level at $3.0689. Continued sell pressure should the crypto drop to this point might then lead to the altcoin plunging to $2.4891.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Technicals Suggest The Pendle Price Will Keep Rising, But A Correction May Be On The Cards<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Looking at technical indicators, it seems the Pendle price has the momentum needed to keep climbing through the course of the next trading day. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators on the 4-hour chart are showing positive signs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the last 12 hours, the MACD line has broken away above the MACD Signal line to indicate that PENDLE&rsquo;s bullish momentum intensified during this period. With the former continuing to rise away from the latter, it seems buyers have no intention of letting their foot off of the gas just yet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">RSI readings have also risen over the last 24 hours, as bulls take control of the Pendle price. Traders will want to keep an eye on this indicator, since its current reading at 82 suggests the altcoin is overbought. High RSI readings are generally seen as a sell signal because they indicate that a crypto&rsquo;s downside potential is greater than its upside potential.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&rsquo;s not unusual for the RSI to remain high during periods when a crypto is pumping. However, the decreasing volume on PENDLE&rsquo;s charts warn that this might not be the case.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the Pendle price tries to keep its bullish momentum alive, investors are rushing to buy <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/memebet\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Memebet Casino (MEMEBET Token)<\/span><\/a>, including one whale who <a href=\"https:\/\/etherscan.io\/tx\/0xe54aeff279d2d6ab56b9d676cea86f1dcc1dd87ece04eaa5550b347f9efad285\"><span style=\"font-weight: 400;\">purchased<\/span><\/a><span style=\"font-weight: 400;\"> $50K worth of the meme coin recently.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The First Meme Coin-Centric Online Casino<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Meme coins have been the best performers in the crypto market in 2024, and continue to pull investors in who are looking to earn massive profits in a relatively short amount of time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the hype around these tokens, there have not been many options for investors to grow their meme coin bags once the initial euphoria fades.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Memebet Casino (MEMEBET TOKEN) aims to bring the first online casino to the crypto space that lets investors bet directly with their meme coins. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This pioneering project, which has raised over $207K through its presale so far in 48 hours, <\/span><span style=\"font-weight: 400;\">could finally bring the long-term utility that the meme coin space needs to be sustainable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Big name meme coins such as Dogecoin (DOGE) and Pepe (PEPE) can all be wagered on the decentralized platform. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is also an innovative play-to-earn initiative incorporated by the platform that rewards Memebet Casino users who wager their tokens. This means that even if bets don&rsquo;t go investors&rsquo; way, they can still walk away with something.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The more a user wagers, the more MEMEBET Tokens they stand to earn. Holders of MEMEBET Token will also unlock access to exclusive bonuses and challenges on the platform, increasing their earning potential.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An analyst from the popular YouTube channel 99Bitcoins, which boasts more than 706K, says that the MEMEBET Token has the potential to &ldquo;lead all&rdquo; competitors in the growing Telegram gaming market.<\/span><\/p>\n<p><iframe title=\"Telegram Crypto Gaming Tokens Are Exploding And This Telegram Gaming Token Could Lead Them All!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/XYVhEiUiOLA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">To get in on the MEMEBET Token at this early stage, investors can utilize the simple buy widget embedded on the project&rsquo;s website.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Fill your bags or sink.<\/p>\n<p>Buy now &#128071; <a href=\"https:\/\/t.co\/cY4p8PqXzg\">https:\/\/t.co\/cY4p8PqXzg<\/a> <a href=\"https:\/\/t.co\/c0sXK0xriQ\">pic.twitter.com\/c0sXK0xriQ<\/a><\/p>\n<p>&mdash; MemeBet (@Memebetcasino) <a href=\"https:\/\/twitter.com\/Memebetcasino\/status\/1833936086369804485?ref_src=twsrc%5Etfw\">September 11, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\"> Selling for $0.025, the token can be purchased using either ETH, USDT, BNB, MATIC or bank card. Investors might want to hurry because the crypto&rsquo;s price is scheduled to increase in about 20 hours.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/memebet\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Purchase MEMEBET Token here before its next price increase.<\/span><\/a><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye\/\"><span style=\"font-weight: 400;\">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-surges-almost-3-as-us-inflation-data-signals-soft-landing-boosting-rate-cut-bets\"><span style=\"font-weight: 400;\">Bitcoin Surges Almost 3% As US Inflation Data Signals Soft Landing, Boosting Rate Cut Bets<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/pepecoin-price-soars-10-as-this-pepe-2-0-ico-closes-on-13-million\"><span style=\"font-weight: 400;\">PepeCoin Price Soars 10% As This PEPE 2.0 ICO Closes On $13 Million<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - 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https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pendle Price Prediction: Arthur Hayes Sets $10 Target For PENDLE Following Launch Of BTC Yields Offering 45% As A Whale Moves On This New ICO - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The Pendle price soared over 13% in the last 24 hours to trade at $3.55 as of 7:11 a.m. EST as investors take a bet on the altcoin\u2019s short-term future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/576054\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pendle Price Prediction: Arthur Hayes Sets $10 Target For PENDLE Following Launch Of BTC Yields Offering 45% As A Whale Moves On This New ICO\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-12T14:01:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-29-at-8.30.42-PM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1432\" \/>\n\t<meta property=\"og:image:height\" content=\"726\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Steven Walgenbach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@__CryptoSteve\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steven Walgenbach\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/576054#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/576054\"},\"author\":{\"name\":\"Steven Walgenbach\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/87782b69af094c4f9a428f68ec30855a\"},\"headline\":\"Pendle Price Prediction: Arthur Hayes Sets $10 Target For PENDLE Following Launch Of BTC Yields Offering 45% As A Whale Moves On This New ICO\",\"datePublished\":\"2024-09-12T14:01:58+00:00\",\"dateModified\":\"2024-09-12T14:01:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/576054\"},\"wordCount\":841,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/576054#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/576054\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/576054\",\"name\":\"Pendle Price Prediction: Arthur Hayes Sets $10 Target For PENDLE Following Launch Of BTC Yields Offering 45% As A Whale Moves On This New ICO - 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