This Altcoin Diverged Positively From Bitcoin, Ranked At The Top With Its 30 Percent Rise! Here is the reason for the rise!

Leading cryptocurrency BitcoinIt is trying to recover the losses it suffered while falling to the level of $ 64,000 at the beginning of April.

at this point BTC While it reached $ 69,000 again last night, some altcoins also differentiate positively from the market with the rise they experienced.

This from altcoins one of PENDLE While the PENDLE price increased by approximately 30%, it attracted attention amid the fluctuations in the crypto market. With this rise, PENDLE ranked at the top among the altcoins that gained the most in the last 24 hours.

While the main reason for the increase in Pendle price is the increase in total locked value (TVL), according to DefiLlama data Pendle’s TVL rose from $240 million at the start of the year to nearly $4 billion in April.

In his post, Spot on Chain also pointed out that Pendle TVL reached 4 billion dollars and with this increase in TVL, the PENDLE price increased sharply by ~30% in the last 24 hours.

the $PENDLE price rose sharply ~30% (24H) as the @pendle_fi is reaching ~$4B in TVL!

Wallet 0xacf (likely an investor) took this opportunity to deposit 200K $PENDLE ($1.26M) to #Binance at $6.27 1hr ago.

The wallet vested 562.5K $PENDLE in 2022/3, at ~$0.147 ($82.5K),

And has… pic.twitter.com/hQWfKggs7d

— Spot On Chain (@spotonchain) April 5, 2024

“PENDLE: The Future of DeFi!”

While PENDLE attracted the attention of investors with its rise, it made a name for itself with its shares. From BitMEX former CEO Arthur Hayes de Pendle post has arrived. Pointing to the rise in PENDLE price, Hayes said: He described Pendle as the future of decentralized finance (DeFi).

PENDLE At the time of writing, it continues to trade at $5.74.

The future of #DEFI work $PENDLE.

Yachtzee bitches 😘😘😘😘😘 pic.twitter.com/4MtqmQvjpR

— Arthur Hayes (@CryptoHayes) April 5, 2024

*This is not investment advice.