2024-4-18 10:28 |
Ethena (ENA), the synthetic U.S. dollar protocol built on the Ethereum network, recorded a notable plunge as the market witnessed bearish sentiment. ENA is down by 17% in the past 24 hours and is trading at $0.84 at the time… origin »
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Ethena (ENA), the governance token of Ethena Labs, has surged by an impressive 11% within 24 hours, climbing to $0. 3791 amid a broader cryptocurrency market recovery. This rebound follows a brutal 69% correction over the past 60 days, offering a glimmer of hope to investors.
Three tokens – Ethena (ENA), Dogwifhat (WIF), and Dogizen (DOGIZ) – are currently making headlines for their respective price movements. ENA and WIF are grappling with significant market volatility, while DOGIZ is experiencing a surge in price in its ongoing presale ahead of its anticipated exchange listing.
Technical indicators suggest more downside for Bitcoin in the short-term.
Ethena, the rapidly growing decentralized stablecoin platform, has emerged as the sixth-largest project by Total Value Locked (TVL), boasting an impressive $6. 009 billion. The platform’s native stablecoin, USDe, has gained significant traction and is now the third-largest stablecoin in circulation, with a supply of 6 billion.
Ethena Labs has announced a strategic partnership with Donald Trump-backed World Liberty Financial (WLF). As part of the collaboration, Ethena aims to integrate its sUSDe token, a staked version of its USDe synthetic dollar, into WLF’s forthcoming Aave v3 instance.
Bitcoin hit a new all time high but a price correction maybe due.
WBIT, ENA, and MOG posted significant gains this week as Bitcoin surged past $68K.