Rising to the top of the daily charts, Pendle (PENDLE) has witnessed a gain of 20% and drawn interest to the innovative yield trading system it offers. Meanwhile, crypto insiders believe that DTX Exchange (DTX) and Tron (TRX) might be the next major players.
With their rising influence in decentralized finance (DeFi), could these tokens potentially follow a similar trajectory as Pendle? Find the details below!
Pendle’s (PENDLE) 24% Surge Fueled by Aave V3 Integration and Rising Adoption in DeFi
Pendle (PENDLE) has experienced a significant surge this week, with its value increasing by 24.16%. Starting below $3.50, the price gradually climbed, peaking above $4.20 around September 20. Despite facing resistance and dipping slightly to $4.004, Pendle’s overall performance remains bullish. Weekly trading volume also hit $5.755 million, signaling strong market interest and momentum.
The integration of Pendle (PENDLE) with Aave V3 is a major factor in its recent growth. New potential for yield farming and portfolio diversification have opened up with this strategic move, which enables users to tokenize future yield from Aave V3 investments. Thanks to the new features, Pendle (PENDLE) is becoming more attractive to the DeFi community.
As Pendle (PENDLE) continues to attract new investors and forge strategic collaborations, market analysts anticipate further increase in its value.
Tron (TRX) Eyes Breakout: Founder Justin Sun Predicts Top 3 Crypto Status by 2025
Tron (TRX) is expected to rally after achieving a major milestone by becoming the 10th-largest cryptocurrency on September 16, surpassing Cardano (ADA). The price of Tron (TRX) reached $0.153, marking its first high since October 2022, before a slight correction brought it to $0.152. A breakthrough above this resistance could ignite further upward movement.
The optimistic view of founder Justin Sun further heightens the anticipation. By 2025, he thinks Tron (TRX) may be one of the top three cryptocurrencies.
Unlike seven years ago, when his optimism stemmed from desire, Sun now adopts a more realistic perspective regarding Tron’s (TRX) potential. With the support of the protocol’s creator and the current market trend, Tron (TRX) is a cryptocurrency to keep an eye on for potential future development.
After Pendle’s Rally, Insiders Tip DTX as the Next Breakout Token in DeFi
Surprisingly, DTX Exchange (DTX) might be even better positioned than TRX, having already raised more than $2 million in its presale. The platform is already setting itself apart from other projects by offering access to tokenized real-world assets. This means that prospects for the technology offer traders a world of possibilities beyond digital currencies.
One of the key innovations of DTX is its provision of trading capabilities up to 1,000X without the need for KYC verification, enabling any market participant to enter positions and maximize their impact. The platform’s ability to offer this feature to both retail and institutional clients adds to its appeal.
DTX Exchange also incentivizes user activity through loyalty rewards. Active users trading regularly will receive an increased share of DTX, rewarding those who use the platform constantly and ensuring that they stick around. This provides traders with discounted fees over the long term.
By being active on the platform, traders can maximize their income over the short and long term, building the platform’s liquidity, which in turn works to benefit the user base.
Key Takeaways:
While Pendle’s (PENDLE) 20% surge has captured attention, insiders are tipping DTX Exchange (DTX) and Tron (TRX) as the next tokens to rally, driven by strong DeFi use cases and market momentum.
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