[[{“value”:”After a significant drop in August 2024 beginning, the market leader and the broader market showed some remarkable bouncebacks. The Pendle is an RWA and DeFi platform specialized in tokenizing yield on the ETH network. It has been at the forefront of this resurgence activity, among other RWAs in the market.
According to CoinMarketCap data, the cumulative market capitalization for RWA-related cryptocurrencies was $29.391 Billion when writing. It represents a great 5.95% increase in the last 24 hours.
PENDLE was up nearly 50% in the past 48 hours and 1% down in 24 hours. It has hovered near $2.70.
Crypto bulls have been remarkably trying to recover from the following market meltdown alongside several stock market indexes.
BTC, JP225, NI225,KOSPI 1.D. | Source: TradingView
The crash swept BTC to lows under $50k on August 5, alongside other cryptocurrency’s sell-off. The decline of the Japanese and South Korean stock markets triggered this.
Why did the Pendle price surg
We współpracy z: https://www.thecoinrepublic.com/2024/08/07/market-optimism-upbit-listing-fuels-pendle-prices-50-surge/
