Pendle Price Eyes New All-Time High Above $7.5, What’s Behind the Rally?

PENDLE, the native cryptocurrency of the Pendle protocol, has once again been in action in its attempt to surge past $7.0 and hit a new all-time high. In the last 24 hours, the daily trading volume for PENDLE has surged by 100% to $138 million with the PENDLE price currently trading 6.20% up at $6.44 and a market cap of $1.539 billion. Over the last month, the altcoin has gained a staggering 80% while the rest of the crypto market has been in the consolidation phase.