{"id":602651,"date":"2024-04-11T11:08:48","date_gmt":"2024-04-11T11:08:48","guid":{"rendered":"https:\/\/wncen.com\/?p=602651"},"modified":"2024-04-11T11:08:48","modified_gmt":"2024-04-11T11:08:48","slug":"crypto-expert-most-undervalued-altcoin-right-now","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-expert-most-undervalued-altcoin-right-now\/","title":{"rendered":"Crypto Expert Unveils Most Undervalued Altcoin Right Now"},"content":{"rendered":"

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.<\/p>\n

“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<\/a>, sharing the total value locked (TVL) chart by DefiLlama.<\/p>\n

\"PENDLE
Total Value Locked (TVL) | Source: DefiLlama<\/a><\/figcaption><\/figure>\n

Arthur Hayes<\/a>, 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.”<\/p>\n

\n

The future of #DEFI<\/a> is $PENDLE<\/a>. <\/p>\n

Yachtzee bitches \ud83d\ude18\ud83d\ude18\ud83d\ude18\ud83d\ude18\ud83d\ude18 pic.twitter.com\/4MtqmQvjpR<\/a><\/p>\n

— Arthur Hayes (@CryptoHayes) April 5, 2024<\/a><\/p><\/blockquote>\n