The Flow Horse, a well-known figure in the cryptocurrency markets, suggests that Pendle, a low-cap decentralized finance altcoin, is preparing for a significant rise. The crypto analyst stated on social media platform X that Pendle (PENDLE) allows users to symbolize and sell their future returns, indicating an upcoming surge.
The Flow Horse expressed that Pendle has completed its accumulation process and has achieved success at its highest levels this year. According to the analyst’s comments, PENDLE is poised to explode, which is considered a positive signal for the altcoin.
In the past 24 hours, the popular altcoin Pendle has shown an increase of 11.5%, trading at $1.24. The analyst predicts that a large-scale capital flow will shift from Bitcoin (BTC) and Ethereum (ETH) competitor Solana (SOL) to Ethereum following its slowdown.
According to The Flow Horse, ETH has become somewhat of a joke as most people focus on Solana and BTC, and ETH does not progress as intensely as everything else. However, the analyst believes that ETH is ready for a major rise and will experience a similar explosion.
Cryptocurrency analyst The Flow Horse predicts that low-cap DeFi altcoin Pendle (PENDLE) will soon rise and capital will flow into Ethereum. According to the analyst, Pendle’s fundamental metrics and accumulation process offer potential for tokenization in the future. At the time of writing, Ethereum is trading at $2,232 with a 1.4% increase in the past 24 hours.
