Pendle’s Rebound Signals Hope for TAO – Will Altcoin Market Recover?

Despite a challenging first quarter of 2025 that saw Ethereum plummet by 45%, Pendle (PENDLE) has emerged as a beacon of optimism in the volatile cryptocurrency market. This altcoin has defied the downtrend, gaining 20% over the past week, and cutting its losses by 40%. Notably, Bittensor (TAO), one of the hardest-hit altcoins, is showing a similar pattern. While still down 60%, TAO may be on the verge of mirroring Pendle’s impressive rebound.