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Reading: Arthur Hayes Predicts Pendle Price Target of $10 After BTC Yield Launch[embed]https://www.youtube.com/watch?v=XYVhEiUiOLA[/embed]
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Kriptoteka > Market > Gaming > Arthur Hayes Predicts Pendle Price Target of $10 After BTC Yield Launch[embed]https://www.youtube.com/watch?v=XYVhEiUiOLA[/embed]
Gaming

Arthur Hayes Predicts Pendle Price Target of $10 After BTC Yield Launch[embed]https://www.youtube.com/watch?v=XYVhEiUiOLA[/embed]

marcel.mihalic@gmail.com
Last updated: September 13, 2024 5:41 am
By marcel.mihalic@gmail.com 8 Min Read
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<div wp_automatic_readability="124.72853848883">

        <div class="telegrame_cta_content"><div class="wrap" wp_automatic_readability="5.3142857142857"><div class="telegrame_cta_content_inr" wp_automatic_readability="28.342857142857"><p>Subscribe to our <u><a href="https://t.me/insidebitcoins" target="_blank" rel="noopener">Telegram </a></u>channel for the latest updates on breaking news</p>
</div></div></div><p><span style="font-weight: 400;">The Pendle price </span><a href="https://www.geckoterminal.com/arbitrum/pools/0xdbaeb7f0dfe3a0aafd798ccecb5b22e708f7852c"><span style="font-weight: 400;">increased</span></a><span style="font-weight: 400;"> by over 13% in the past 24 hours, reaching $3.55 at 7:11 a.m. EST as investors speculate on the altcoin's near-term prospects.</span></p>
<p><span style="font-weight: 400;">This boost in the PENDLE price follows the project's introduction of pools offering variable yields as high as 45% for a token associated with Bitcoin (BTC), the leading cryptocurrency.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="6.7428571428571">
<p lang="en" dir="ltr">Episode 1 of the Pendle <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> series</p>
<p>A collaborative production with <a href="https://twitter.com/use_corn?ref_src=twsrc%5Etfw">@use_corn</a> x <a href="https://twitter.com/Lombard_Finance?ref_src=twsrc%5Etfw">@Lombard_Finance</a> x <a href="https://twitter.com/babylonlabs_io?ref_src=twsrc%5Etfw">@babylonlabs_io</a>:</p>
<p>Corn LBTC (26 Dec) 🌽 <a href="https://t.co/9hi7huQzRM">pic.twitter.com/9hi7huQzRM</a></p>
<p>— Pendle (@pendle_fi) <a href="https://twitter.com/pendle_fi/status/1833852757796937807?ref_src=twsrc%5Etfw">September 11, 2024</a></p></blockquote>

<p><span style="font-weight: 400;">Arthur Hayes, the founder of BitMEX, </span><span style="font-weight: 400;">is confident that the introduction of these DeFi pools could push the Pendle price to $10. He expressed his optimistic view on this development in a post on X dated September 12.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="5">
<p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PENDLE</a> + <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> DeFi = $10</p>
<p>Wager <a href="https://t.co/QSZZIXkgaG">https://t.co/QSZZIXkgaG</a></p>
<p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1834056606788845625?ref_src=twsrc%5Etfw">September 12, 2024</a></p></blockquote>

<h2><span style="font-weight: 400;">Pendle Price Nearing Significant Resistance Level</span></h2>
<p><img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="PENDLE Chart Image" data-lazy-src="https://s3.tradingview.com/snapshots/z/ZrDWZLJF.png"/><img decoding="async" src="https://s3.tradingview.com/snapshots/z/ZrDWZLJF.png" alt="PENDLE Chart Image"/></p>
<p><span style="font-weight: 400;">4-hour chart analysis for PENDLE/USD (Source: </span><a href="https://www.tradingview.com/x/ZrDWZLJF/"><span style="font-weight: 400;">GeckoTerminal</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">The </span><span style="font-weight: 400;">Pendle</span><span style="font-weight: 400;"> price is striving to surpass the $3.6125 resistance mark after establishing a short-term positive price channel in recent days. A closure of a 4-hour candle above this resistance level may provide PENDLE with the necessary momentum to ascend to around $4.3010 in the next 48 hours.</span></p>
<p><span style="font-weight: 400;">Conversely, if a rejection occurs at the $4.3010 resistance within the following 24 hours, it could halt the Pendle price's bullish trend. In such a scenario, PENDLE might retract from the ascending channel and test the immediate support zone at $3.0689. Persistent selling pressure could propel the altcoin further down to $2.4891.</span></p>
<h2><span style="font-weight: 400;">Technical Analysis Suggests Ongoing Ascend for Pendle Price, Yet a Correction Could Be Likely</span></h2>
<p><span style="font-weight: 400;">From a technical standpoint, the Pendle price appears poised to maintain its upward trajectory over the next trading day. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators on the 4-hour chart indicate upward momentum.</span></p>
<p><span style="font-weight: 400;">In the past 12 hours, the MACD line has surged above the MACD Signal line, signaling intensified bullish momentum for PENDLE. As this trend continues, it appears that buyers are keen to maintain their positions.</span></p>
<p><span style="font-weight: 400;">Additionally, RSI values have elevated during the last 24 hours, reflecting the bulls' control over the Pendle price. Traders should monitor this indicator closely, as the current RSI of 82 hints at an overbought condition. Elevated RSI figures typically serve as sell signals, implying a greater downside risk compared to upside potential.</span></p>
<p><span style="font-weight: 400;">It is common for the RSI to remain elevated when a cryptocurrency is experiencing a rally. However, the declining volume observed in PENDLE’s trading signals may suggest a potential reversal.</span></p>
<p><span style="font-weight: 400;">As the Pendle price endeavors to maintain its bullish trend, investors are rapidly acquiring </span><span style="font-weight: 400;">Memebet Casino (MEMEBET Token)</span>, with one notable whale <a href="https://etherscan.io/tx/0xe54aeff279d2d6ab56b9d676cea86f1dcc1dd87ece04eaa5550b347f9efad285"><span style="font-weight: 400;">recently purchasing</span></a><span style="font-weight: 400;"> $50K worth of this meme coin.</span></p>
<h2><span style="font-weight: 400;">The First Online Casino Focused On Meme Coins</span></h2>
<p><span style="font-weight: 400;">Meme coins have demonstrated remarkable performance in the crypto market throughout 2024, continuing to attract investors eager for substantial returns in a short time frame. </span></p>
<p><span style="font-weight: 400;">Despite the excitement surrounding these tokens, options for investors to enhance their meme coin investments have been limited once initial enthusiasm subsides.</span></p>
<p><span style="font-weight: 400;">Memebet Casino (MEMEBET TOKEN) intends to establish the first online casino within the crypto realm that allows users to directly gamble with their meme coins. </span></p>
<p><span style="font-weight: 400;">This groundbreaking initiative has raised over $207K through its presale in just 48 hours, </span><span style="font-weight: 400;">potentially providing long-term utility to the meme coin ecosystem.</span></p>
<p><span style="font-weight: 400;">Top meme coins like Dogecoin (DOGE) and Pepe (PEPE) can be used for betting on this decentralized platform. </span></p>
<p><span style="font-weight: 400;">Additionally, the platform features an innovative play-to-earn model that rewards users betting with MEMEBET tokens. Thus, even if wagers don’t yield favorable results, users can still benefit.</span></p>
<p><span style="font-weight: 400;">The more a user bets, the more MEMEBET Tokens they can earn. Moreover, holders of MEMEBET Tokens will gain access to exclusive challenges and bonuses on the platform, enhancing their earning opportunities.</span></p>
<p><span style="font-weight: 400;">An analyst from the widely-followed YouTube channel 99Bitcoins, with over 706K subscribers, predicts that MEMEBET Token could position itself to “lead the pack” among competitors in the burgeoning Telegram gaming market.</span></p>
<noscript></noscript>
<p><span style="font-weight: 400;">Investors can take advantage of the MEMEBET Token at this early stage by using the straightforward buying widget featured on the project's website.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="4.0296296296296">
<p lang="en" dir="ltr">Stock up or miss out.</p>
<p>Act now 👇 <a href="https://t.co/cY4p8PqXzg">https://t.co/cY4p8PqXzg</a> <a href="https://t.co/c0sXK0xriQ">pic.twitter.com/c0sXK0xriQ</a></p>
<p>— MemeBet (@Memebetcasino) <a href="https://twitter.com/Memebetcasino/status/1833936086369804485?ref_src=twsrc%5Etfw">September 11, 2024</a></p></blockquote>

<p><span style="font-weight: 400;">Available at $0.025, the token can be purchased using ETH, USDT, BNB, MATIC, or bank card. Investors should act quickly as the token's price is set to rise in about 20 hours.</span></p>
<p><span style="font-weight: 400;">Buy MEMEBET Token here before the next price increase.</span></p>
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