Significant events have shaped the cryptocurrency landscape this week, attracting the attention of both investors and analysts.
Arthur Hayes Invests $1.5 Million in ENA
Arthur Hayes has made waves in the crypto world by investing $1.5 million in Ethena (ENA) right after it surged 20% following its listing on Upbit. The investments were made through major platforms like Binance and Galaxy Digital, indicating strong confidence in an upcoming altcoin rally. The price of ENA fluctuated from $0.22 to a peak of $0.37 and currently stands around $0.3371.
FET on the Rise: Bullish Pattern Formation
FET has registered a 10% rise, attracting traders' attention due to the formation of a classic harmonic pattern on the daily chart. It is currently at the final stage, potentially indicating a move towards the $1.50 to $1.65 range. FET has tested a key resistance level at $0.78, and analysts suggest that a breakout above this level could confirm the bullish trend.
BlockDAG’s Partnership with Seattle Seawolves and Presale Success
BlockDAG has partnered with the Seattle Seawolves, integrating blockchain into sports through NFTs and digital collectibles. Currently, the project has raised over $340 million in its presale, selling over 24 billion BDAG tokens. Since its inception, the price of BDAG has increased by 2660%, highlighting significant market interest.
Arthur Hayes' investment in Ethena positively impacted the perception of altcoins, while FET shows promising dynamics. BlockDAG is actively bridging sports and cryptocurrency, opening new opportunities for investment. The overall market situation boosts interest in new initiatives and projects.
