• 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

Digital Economy Valuation Hits 323 Trillion Amidst Stable Crypto Prices

chest

The digital economy has recently reached a remarkable valuation of 323 trillion, with XRP stabilizing at 191 and Cardano consolidating at 0.35.

user avatarLucas Weissmann

Spacecoin and KAIST Forge Strategic Alliance for Decentralized Satellite Internet

chest

Spacecoin collaborates with KAIST to advance decentralized satellite internet technology through a pivotal seminar.

user avatarFilippo Romano

LEO Token and WETH Under Observation for Market Dynamics

chest

LEO Token and Wrapped Ethereum are being closely monitored for their unique market roles and potential price movements.

user avatarTomas Novak

Monero and Chainlink Highlighted for Their Market Resilience

chest

Monero and Chainlink are noted for their strong performance metrics and potential for rapid gains during risk-on periods.

user avatarEmily Carter

AIP Fellowship Program Receives Strong Interest

chest

The AIP fellowship program has garnered significant interest, with over 400 applications received for a limited number of positions.

user avatarBayarjavkhlan Ganbaatar

Aster's Total Value Locked Surges to Over 123 Billion

chest

Aster's Total Value Locked (TVL) has reached over 123 billion, reflecting growing confidence in the DeFi space.

user avatarMaya Lundqvist

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.