Ethena (ENA) coin has seen a significant surge in its market value, with the cryptocurrency witnessing a 14% gain within 24 hours. This has been driven by the Golden Cross sparking a $1 breakout move. Renowned investor, Arthur Hayes, is said to have invested in ENA several times, particularly as the token soared 5%. Analysts predict ENA as a key altcoin to watch for, which has risen 34% following the Golden Cross, and suggest a price target of $2.4.
ENA's progressive growth shows no sign of declination, with an aim to maintain momentum amid TVL reaching record highs. ENA's growth seems to ready for a colossal surge, owing to the bullish flag breakout and the double bottom pattern. The cryptomarket saw ENA's price breach $0.70, recording an 18% rally.
Significant integrations and partnerships such as Transak and Pendle Finance are amplifying ENA's growth trajectory. ENA whale accumulation along with $260M buybacks has led to a notable boost in the cryptocurrency's momentum. Amidst speculations of a potential Coinbase listing, ENA's price faces resistance.
ENA's acceleration has been fueled by a significant stablecoin launch while Arthur Hayes also buying into the cryptocurrency. The partnership with Anchorage Digital also fueled positive sentiments in the market. ENA witnessed a 43% surge with its fee-sharing mechanism activating soon.
However, ENA's significant token unlocks could potentially have a dire impact on its price and stability. Despite the massive token unlocks, ENA's price soared by 14%, leaving investors puzzled.
ENA Coin News Analytics from Wed, 12 Mar 2025 07:00:00 GMT to Wed, 13 Aug 2025 12:28:31 GMT -
Rating 9
- Innovation 4
- Rumor -2
