- Several altcoins saw gains as high as 55% in the day
- Pendle surged 24.60% in a day and gained 40% since April 7 despite prior market pressure
- Flare reversed weekly losses with a 31.98% increase while Fartcoin continued its strong bullish momentum
The market on April 9 was certainly a wild ride. While we began the day still on a down note, negatively influenced by the escalating tensions between the U.S. and China and the looming trade war — the White House’s decision to delay tariffs for 90 days gave financial markets some much-needed relief.
This caused nearly all cryptocurrencies to regain some of their losses in the week. For instance, Bitcoin regained the $80,000 level, while Ethereum and XRP saw daily gains of 12% and 14%, respectively.
However, other altcoins were able to gain even more value over the day — marking a significant turnaround in market sentiment.
Pendle – $PENDLE
Pendle ($PENDLE) a DeFi protocol focused on tokenizing and trading future yield saw a major increase in value this Wednesday. Over the course of the day, the altcoin managed to gain around 24.60% in value.
The outlook for the asset gets even more optimistic on a larger scale. While the entire market endured heavy selling pressure over the week, $PENDLE gained over 40% in value since April 7th. Over the last week, the currency is up by around 8%.
According to CoinMarketCap, $PENDLE currently trades at $3.30 per token. The project now has a market capitalization of around $525 million, gaining almost a third of that value over the last month alone.
Flare – $FLR
Flare, a Layer 1 blockchain designed to enhance interoperability between different networks, is also one of the top-ranking assets of the day. The $FLR token is currently at a 31.98% increase in value, effectively reversing the currency’s losses seen at the start of the week.
As of today, $FLR trades at $0.01473 per token. At its highest point in the day, Flare reached a market capitalization above $1 billion, before correcting to the current market value of $924 million.
Fartcoin – $FARTCOIN
The infamous memecoin continues to rank as one of the most profitable cryptocurrencies of April so far. Only a couple of days ago $FARTCOIN managed to gain 25% in a single day, despite the economic meltdown from the tariffs debacle.
Today the memecoin surged 55%, marking a substantial increase in value within a single day. Fartcoin is now up by 77% over the week, adding up to an incredible 250% increase over the last month.
Fartcoin currently trades at $0.7539 per token, with a market capitalization of $750 million at this time of writing.
Did you know WEEX is offering a 50% deposit bonus? Deposit and get a 50% bonus, up to 1,000 USDT. It’s a great way to increase your trading potential—make sure to take advantage before the offer ends!
