Several coins performed well this week, as seen from their price movements over the period. This week’s pump can also be attributed to this week’s CPI reports, which have conversely seen other tokens plunge.
Pendle Price Review
Pendle (PENDLE) is this week’s top gainer, as seen from its price movements during today’s session. As of press time, Pendle, trading at $6.09, had seen a 12.5% pump from its previous seven-day price, as its market cap stood at $942M during the same period.
This week’s price surge on the token can be attributed to its incredible APY rates, which have since received increased attention. According to a recent Messari report, Pendle USDe and sUSDe pools offer APYs around 30%, and speculation surrounds a second Ethena airdrop.
Lido DAO Price Review
Lido DAO (LDO) is another gainer in this week’s session, as seen from its spruce movements. As of press time, Lido DAO, trading at $2.22, had seen an 11.24% pump from its previous seven-day price, as its market cap stood at $1.9B during the same period.
This week’s price surge on the token can be attributed to a recent partnership by the token’s community that might have stirred some enthusiasm. On June 19th, the community announced it was a partner and speaker at LRTFi Summer, an event that might have sparked more enthusiasm for the token.
Ethereum Name Service
Ethereum Name Service (ENS) is another top gainer this week, as seen from its price movements. As of press time, Ethereum Name Service, trading at $24.78, had seen a 5.67% pump from its previous seven-day price, as its market cap stood at $780M during the same period.
This week’s price surge on the token can be attributed to a new development in the token’s community. On June 20, ENS DAO announced its Public Goods project, working group is launching its third Large Grants round for Q3 2024, an event that might have increased more enthusiasm on the token.
Tron Price Review
Tron (TRX) is another gainer this week, as evidenced by its price movements. As of press time, Tron, trading at $0.1203, had seen a 4.5% pump from its previous seven-day price, as its market cap stood at $10.4B during the same period.
This week’s price surge on the token can be attributed to the network’s Independence Day. The event, only two days away, celebrates six years of innovation and growth on the Tron network, which might have triggered some attention on its native token.
Additionally, interaction with TRX in various crypto operations, particularly staking, is rapidly gaining popularity among experienced users and newbies as one of the most profitable investments of this coin. For instance, on Cryptomus users can stake TRX with up to 20% APR, so that’s not surprising that many crypto owners prefer it to increase their passive income.
Maker Price Review
Maker (MKR) is also another gainer in today’s session, as seen from its price movements over the period. As of press time, Maker, trading at $2,400, had seen a 1.9% pump from its previous seven-day price, as its market cap stood at $2.2B during the same period.
This week’s price surge on the token can be attributed can be attributed to a recent proposal over the week that suggested an increase of the sUSDe 91.5% LLTV pool supply cap to 200 million DAI as well as an increase the sUSDe 86% LLTV pool supply cap to 500 million DAI.
