PENDLE Price Retracement and Binance Labs Investment
PENDLE is experiencing a slight price retracement, with a 0.7% decline in the last 24 hours. Despite this, the coin has gained 6.4% in the last seven days, indicating that it has not lost its previous gains. Binance Labs has recently invested in Pendle Finance, a yield derivative protocol, which is likely to boost the ecosystem’s value. Pendle is operational on multiple blockchains and offers lucrative yields for its users.
Fruitful Partnerships and New Risk Weighted Assets (RWA)
Following Binance Labs’ investment, Pendle has formed partnerships with other organizations, such as Flux Finance. These partnerships and listings on different blockchains will enhance the utility of PENDLE. Pendle Finance has also released new Risk Weighted Assets (RWA), including sDAI by Spark protocol and fUSDC by FluxDefi, providing users with optimized features and boosting their RWA offerings.
PENDLE Price Analysis and Resistance Levels
The PENDLE price chart reflects indecision among traders, with limited trading activity and a sideways trend. Although the short-term price outlook is bearish, positive developments within the ecosystem may encourage long-term price surges. The $0.59 resistance level is critical to PENDLE’s price, and overcoming it could lead to a potential rally. Traders should consider price volatility before making trading decisions.
Sonik Coin as an Alternative
Sonik Coin is a meme coin sensation with a strong following in the crypto community. It aims to become the fastest project to reach a $100 million market cap. With a growing community and a total supply of nearly 299.79 billion tokens, Sonik Coin has massive potential. The presale is currently ongoing, and investors can purchase tokens at a low price. SONIK also offers a buy and stake feature, allowing users to earn additional rewards.
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