This Altcoin Diverged Positively From Bitcoin, Topping With A 30 Percent Rise! Here's the Reason for the Rise! 📈🚀
$PENDLE : The Future of DeFi!
Bitcoin, the leading cryptocurrency, is trying to recover its losses as it fell to the $64,000 levels it experienced in early April.
At this point, BTC reached $69,000 again last night, while some altcoins are positive from the market with their rises.
While one of these altcoins was Pendle (PENDLE), the price of PENDLE increased by approximately 30% and attracted attention in the middle of fluctuations in the crypto market. With this rise, PENDLE was at the top of the highest-earning altcoins in the last 24 hours.
While the increase in total lock value (TVL) was the main reason for the rise in Pendle price, Pendle's TVL rose from $240 million at the beginning of the year to approximately 4 billion dollars in April, according to DefiLlama data.
Spot on Chain also shared that Pendle TVL has reached $4 billion, and with this rise in TVL, the price of PENDLE has sharply increased by ~30% in the last 24 hours.
