The Flow Horse, a prominent figure in the cryptocurrency markets, suggests that the low-cap decentralized finance altcoin Pendle is paving the way for a significant rise.
Major Surge in PENDLE
The crypto analyst, known by the pseudonym The Flow Horse, stated on social media platform X that Pendle (PENDLE) is poised to rise, enabling users to tokenize and sell their future returns. The analyst included the following statements in their remarks:
PENDLE is definitely about to explode. Complete the accumulation process. Successful turnaround at the highest levels of the new year (support/resistance).
The popular altcoin Pendle has seen a 11.5% increase, trading at $1.24 in the last 24 hours.
“Influx into Ethereum is about to Begin!”
The analyst then predicted that after the slowdown of Bitcoin (BTC) and ETH rival Solana (SOL), capital will start pouring into Ethereum (ETH) on a large scale. The analyst stated the following regarding the matter:
Due to most people’s focus being on Solana, most people’s focus being on BTC, and ETH not progressing with the same intensity as everything else, it has become somewhat of a joke. However, I believe it is preparing for a major surge. From a technical perspective, ETH seems to be just starting to explode, similar to what BTC did some time ago. Therefore, I believe this situation will be overcome. I am confident that when BTC cools off and after the approval of ETFs (exchange-traded funds) after January 10th, we will see a significant amount of capital flowing back into ETH. I also expect some of the capital in Solana to flow back into ETH.
In conclusion, cryptocurrency analyst The Flow Horse predicts that the low-cap DeFi altcoin Pendle (PENDLE) will soon experience a rise, and capital will flow into Ethereum. According to the analyst, Pendle’s fundamental measurements and accumulation process have the potential for future tokenization. As of writing, Ethereum has seen a 1.4% increase in the last 24 hours, trading at $2,232.