PENDLE coin has attracted much attention due to its recent soaring price and market value, becoming one of the most popular cryptocurrencies in the currency market. PENDLE coin is the native digital currency project of Pendle protocol. PENDLE is a permission-free DEFi revenue protocol. Users can implement various revenue management strategies. For investors, in addition to understanding the basic information of the project, they also want to know about PENDLE coin. The market situation, especially want to know how much the current PENDLE currency can rise in 2024? According to the predictions of analysts in the circle, it may rise to 9.96 US dollars. Next, the editor will tell you in detail.
According to the predictions of industry analysts, the value of PENDLE coin will increase by 64.45% in 2024, reaching US$9.96. But this is just an analyst's prediction, and it does not mean that the price will definitely be this in the future. Investors still need to analyze the PENDLE coin market based on the current market conditions.
PENDLE coin is the native utility token of the Pendle protocol and is mainly used for functions such as guidance, incentives, and fee accumulation. Pendle is a protocol that enables tokenized future yield transactions on the amm system. Its purpose is to allow users to obtain assets generated by yields and to provide traders with the opportunity to directly access future yield streams.
Pendle is a decentralized finance project focused on enabling trading and participation in future returns of assets locked in different DeFi protocols. The token associated with this project is called PENDLE. The project was founded by a group of DeFi developers and enthusiasts to solve the problem of insufficient liquidity of assets locked in different DeFi protocols.
The value of PENDLE coin is mainly determined by its participants’ trading activities, supply and demand mechanism, community and user volume and other factors. As the circulation of stablecoins increases and the demand for stablecoin-based transactions increases accordingly, PENDLE coins may play an important role in the future value. In addition, the platform continues to provide more services to its users and gradually builds a complete decentralized trading ecosystem, which also helps to increase the value of PENDLE coins.
PENDLE coin has a certain purchase value. According to official data, the current price of PENDLE coin is 6.07 US dollars. Although it is lower than the historical high price of 7.5238 US dollars, it is higher than the issue price of 1.6957 US dollars. The current investment return is also relatively optimistic at +258.29 %, with a market value of US$851 million. Overall, the current market development of PENDLE currency is relatively good.
PENDLE is the native token of PENDLE Finance. It is an ERC-20 token built on the Ethereum blockchain and plays various roles in the PENDLE ecosystem. PENDLE is used as an exchange and payment method within the protocol. Users can use PENDLE to pay fees, access certain services and participate in the governance of the protocol.
PENDLE coin also has other utilities related to PENDLE functionality, such as creating and trading NFTs. While PENDLE is initially based on the Ethereum blockchain, PENDLE also plans to expand to other blockchains and ecosystems.
PENDLE is a permissionless decentralized finance (DeFi) protocol built on the Ethereum blockchain where users can execute various yield management strategies. PENDLE Finance's goal is to provide users with attractive yields by increasing their exposure to yields in bull markets and hedging the risk of declining yields during bear markets.
The PENDLE protocol allows users to lock in future income in the form of ERC-20 tokens called Future Yield Tokens (FYT). These tokens represent holders’ rights to future income streams generated by the cryptocurrency asset, such as loan yields or staking rewards. Users can create, trade and sell these tokens through the PENDLE market.
In addition to future earnings tokens, PENDLE also provides a market for users who wish to trade FYT future earnings derivatives. These derivatives allow users to speculate on future income streams from underlying assets without directly owning those assets. Future yield derivatives provide a form of exposure to future revenue streams without locking tokens into smart contracts.
The purchase method of PENDLE coins is very simple. Here, the editor takes the purchase of PENDLE coins on Binance Exchange as an example to introduce the tutorial of buying PENDLE coins on the exchange in detail. The specific process is as follows:
1. Open the currency An exchange (click to register), click [Register via mobile phone number/email] on the homepage to enter the registration page.
2. Select a mobile phone number to register, enter the mobile phone number, click [Next], and perform verification code verification.
3. Set a password and click [Next].
4. For identity authentication, click [User Center] - [Identity Authentication] in the upper right corner.
5. Select [Trading] - [Spot Trading] on the homepage to enter the trading page
6. Enter the currency abbreviation [PENDLE] in the search bar on the right and select the [PENDLE/USDT] trading pair
7. Select [Spot], enter buy, and click [Buy PENDLE].
The above is the detailed content of How much will PENDLE coin rise in 2024? Can I buy PENDLE coins?. For more information, please follow other related articles on the PHP Chinese website!
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