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Many coins performed well this week, as evidenced by their price movements during this period. This week’s rise can also be attributed to this week’s Consumer Price Index (CPI) reports, which conversely saw a decline in other tokens.
Pendle price review
Pendle (PENDLE) is the biggest gainer this week, as evidenced by its price movements during today’s session. As of press time, Pendle, which is trading at $6.09, has seen a 12.5% rise from its previous seven-day price, with a market cap of $942 million over the same period.
The token’s price surge this week can be attributed to its impressive APY rates, which have since received increased attention. According to a recent report from Messari, the Pendle USDe and sUSDe pools are offering APYs of around 30%, and speculation surrounds a second Athena airdrop.
Lido Dow Price Review
Lido DAO (LDO) is another winner in this week’s session, as evidenced by Spruce’s movements. As of press time, Lido DAO, which is trading at $2.22, has seen a 11.24% rise from its previous seven-day price, with a market capitalization of $1.9 billion over the same period.
The spike in token prices this week can be attributed to a recent partnership by the token community which may have sparked some enthusiasm. On June 19, the community announced that it was a partner and speaker at LRTFi Summer, an event that may have sparked more enthusiasm for the token.
Ethereum Name Service
Ethereum Name Service (ENS) is among the biggest gainers this week, as evidenced by its price action. As of press time, Ethereum Name Service, which is trading at $24.78, has seen a 5.67% rise from its previous seven-day price, reaching a market cap of $780 million during the same period.
The rise in token prices this week can be attributed to a new development in the token community. On June 20, the ENS DAO announced its public goods project, and the working group launched the third round of large grants for the third quarter of 2024, an event that may increase enthusiasm for the token.
Tron price review
Tron (TRX) is another winner this week, as evidenced by its price action. As of press time, Tron, which is trading at $0.1203, has seen a 4.5% rise from its previous seven-day price, reaching a market cap of $10.4 billion over the same period.
This week’s token price spike can be attributed to the network’s Independence Day. The event, which takes place just two days away, celebrates six years of innovation and growth on the TRON network, which may have sparked some interest in its native code.
Maker price review
Maker (MKR) is also among the other gainers in today’s session, as evidenced by its price action during this period. As of press time, Maker, which is trading at $2,400, has seen a 1.9% rise from its previous price in seven days, with its market capitalization hitting $2.2 billion over the same period.
The rise in token prices this week can be attributed to the recent proposal during the week that proposed increasing the maximum supply of the LLTV pool by 91.5% from sUSDe to 200 million DAI as well as increasing the maximum supply of the LLTV pool by 86% from sUSDe to 500 million DAI.
