ZRO, ETHFI, and PENDLE are the altcoins that will outperform:
LayerZero (ZRO)
LayerZero is another altcoin that could benefit from the Fed rate cut announcement, as the project will not have another token unlock until July 2025. ZRO is attractive to investors for two reasons: 1. Its relative strength compared to other products on the market and 2. The fact that it has zero unlocks until July 2025 could drive its gains. ZRO could rebound from this point. If this happens, the price could climb above $5.6. If the coin breaks out further, the outlook could return to $10.
ether.fi (ETHFI)
ether.fi plays a key role in the decentralized finance (DeFi) space, especially in the Ethereum staking and liquidity re-staking market.
As the leading non-custodial staking solution, ether.fi provides users with services and features that allow them to fully control their crypto assets and earn returns through staking.
Over the past month, lending protocols have experienced the highest net inflows with Ether.fi’s weETH/eETH (leading LRT) totaling $252 million in inflows. During the same period, users have invested $52 million into bridge protocols and $39 million into EOAs and Safes.
ETHFI could rebound from this point. If this happens, the price could climb above the 1.67 parallel end. The prospect of a further breakout of the token could return to at least a 3-6x gain.
Pendle (PENDLE)
Pendle aims to provide a “yield to maturity” trading market for “yield-generating tokens”. Pendle introduces the concept of “principal and interest separation” in traditional financial markets into the Defi field, dividing yield-generating tokens into principal tokens and yield tokens, while providing trading liquidity for both tokens. Users can maximize asset utilization and achieve multiple returns through Pendle, bringing new possibilities to the DeFi market.
As a DEX in the interest rate market, Pendle opens new doors for traders and arbitrage users. Although Pendle is not performing well now due to the impact of the overall market environment, if the market shows an upward trend in the future and the prices of various tokens recover, causing YT's APY to rise accordingly, then Pendle will still usher in another period of explosive growth.
