The discord over Pendle's future valuation has heightened as industry experts present conflicting viewpoints on the token's projected path. While some envision a gloomy outlook, others hold an optimistic stance, leading to discussions within the cryptocurrency ecosystem.
Renowned crypto analyst CryptoJack recently pointed out a potential double top formation in Pendle's price chart, signaling a possible downturn in the near term. By setting a target price of $4, CryptoJack's careful analysis underscores concerns about market volatility.
On the flip side, Paradigm-backed 0xHonz remains bullish, forecasting Pendle's ascent to the DeFi forefront with a target price of $200 per token. However, market unpredictability and the impending Solana expansion introduce layers of doubt into Pendle's trajectory, stirring intense deliberations among investors.
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