Charles Edwards, the founder of crypto hedge fund Capriole Investments, spotlighted what he believes to be the most undervalued altcoin at the moment. Via a statement on X, Edwards pointed to PENDLE, a token operating within the DeFi space, citing its exceptional total value locked (TVL) and market cap as primary indicators of its undervaluation.
“Perhaps the most undervalued alt right now is PENDLE. Massive $4.6B TVL (about 5% of entire crypto world’s TVL) and market cap just 14% of its TVL. Huge flywheel effects with Ethena also. Ludacris growth,” Edwards remarked, sharing the total value locked (TVL) chart by DefiLlama.
Arthur Hayes, founder of BitMEX, also recently shared his optimism about PENDLE, reinforcing its potential within the DeFi sector with an enthusiastic, “The future of DEFI is PENDLE. Yachtzee bitches.”
The future of #DEFI is $PENDLE.
Yachtzee bitches pic.twitter.com/4MtqmQvjpR
— Arthur Hayes (@CryptoHayes) April 5, 2024
Why Is PENDLE Crypt
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