• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Ethena Surge: What Behind ENA's 13% Rise?

Ethena Surge: What Behind ENA's 13% Rise?

user avatar

by Giorgi Kostiuk

a year ago

Today's cryptocurrency market surprised with significant upward movements in major altcoins, with Ethena (ENA) taking the spotlight by surging over 13% in the past 24 hours.

Impact of Trump’s World Liberty Financial

A key driver of this rally was the recent accumulation of ENA by Trump’s World Liberty Financial. The fund spent $500,013 USDC to purchase 509,955 ENA tokens at an average price of $0.981.

ENA's Reversal Growth

With today's rally, ENA has made a strong reversal from its key breakout level of $1.12 and is now holding steady above $1.16.

Future Growth Prospects

If the bullish momentum continues, the token might target its next major resistance at $1.52, which is also its all-time high. However, investors are advised to tread cautiously due to volatile market conditions.

The cryptocurrency market remains unpredictable, but Ethena (ENA) has potential for further growth if current trends persist. It is advised to be cautious with investments.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Pendle Price Shows Signs of Recovery with New Staking Model

chest

Pendle's price has risen by 9% as it introduces a new staking model, replacing long token locks with liquid staking.

user avatarMaria Gutierrez

AXSUSDT Breaks Out of Long-Term Bearish Channel

chest

AXSUSDT has broken above a long-term bearish channel, indicating a potential trend reversal with strong volume.

user avatarArif Mukhtar

AXSUSDT Tests Key Support Levels After Rally

chest

AXSUSDT is testing key support levels after a recent rally, with the previous resistance zone around 180-200 USDT now acting as critical support.

user avatarLuis Flores

UK Lawmakers Call for AI Stress Tests in Financial Sector

chest

A cross-party group of UK lawmakers is calling for regulators to implement AI-focused stress tests to prevent potential disruptions in the financial sector.

user avatarDavid Robinson

Impact of MakinaFi Hack on DeFi Landscape

chest

The recent hack of the MakinaFi protocol highlights systemic risks in decentralized finance and emphasizes the need for improved security measures.

user avatarZainab Kamara

Experts Clarify 7.5% VAT Application on Banking Services in Nigeria

chest

Experts clarify that the 7.5% VAT applies only to service fees, not to the actual money transferred or deposited.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.