Altcoin Slump Continues: Pendle and TAO Face Uncertain Future Amidst Market Volatility

Crypto markets remain largely stagnant as altcoins continue to struggle, mirroring the broader market sentiment. Uncertainty surrounding US-China trade negotiations adds fuel to the fire, with investors awaiting a potential breakthrough. This uncertainty has raised questions about the future of PENDLE and TAO coins, two notable altcoin projects grappling with declining trading volume amidst growing concerns regarding liquidity. Experts like Altcoin Sherpa offer insights into both tokens, albeit cautiously. Sherpa expects PENDLE to retrace towards the $2 range but remains optimistic if Bitcoin’s price surges above $3.