Coins experienced significant price movements this week, with some performing exceptionally well. The surge in prices can be attributed to various factors, including the release of CPI reports and exciting developments within the respective token communities.
Pendle (PENDLE) emerged as the top gainer of the week, with its price increasing by 12.5% in the past seven days. Currently trading at $6.09, Pendle’s market cap reached $942 million during this period. The token’s remarkable APY rates have garnered attention, particularly the APYs around 30% offered by Pendle USDe and sUSDe pools. There is also speculation surrounding a potential second Ethena airdrop.
If you’re looking for stablecoin yield opportunities, Pendle USDe and sUSDe pools continue to offer competitive APYs of around 30%. Additionally, platforms like Morpho, Aave’s Merit Program, and BounceBit present alternative options for maximizing returns.
Lido DAO (LDO) also experienced a price surge, with an 11.24% increase in the past week. Currently trading at $2.22, Lido DAO’s market cap stood at $1.9 billion. The token’s community partnership and participation in the LRTFi Summer event further fueled enthusiasm for Lido DAO.
Ethereum Name Service (ENS) saw a notable price increase of 5.67% in the past seven days. With a current trading price of $24.78, ENS’s market cap reached $780 million. The token’s community announced the launch of its third Large Grants round for Q3 2024, emphasizing its commitment to supporting on-chain, open-source software development and community education.
Tron (TRX) also experienced a price surge, with a 4.5% increase in the past week. Currently trading at $0.1203, Tron’s market cap stood at $10.4 billion. The token’s price surge can be attributed to the upcoming Independence Day celebration, marking six years of innovation and growth on the Tron network.
Maker (MKR) witnessed a 1.9% increase in its price over the past seven days. Currently trading at $2,400, Maker’s market cap reached $2.2 billion. The token’s price surge can be attributed to a proposal suggesting an increase in the sUSDe 91.5% LLTV pool supply cap to 200 million DAI and the sUSDe 86% LLTV pool supply cap to 500 million DAI.
Exciting developments and events within these respective token communities have contributed to the price surges witnessed this week. Investors and enthusiasts continue to monitor these coins closely as the market remains dynamic and full of opportunities.