Satoshi

Ethena

Coin

<p>Ethena (ENA) has emerged among the top altcoin gainers today, showing a 12% increase. Trading around $0.4 at press time, the potential to reach $1 seems logical. Notably, ENA’s all-time high (ATH) was above $1, set in April. However, analysts hitting $1 again depends on the Ethereum ecosystem’s growth, potentially driven by the start of ETH ETF trading.</p>
<h2 class="wp-block-heading" id="strong-ethena-ena-price-analysis-a-path-to-1-strong"><strong>Ethena (ENA) Price Analysis: A Path to $1?</strong></h2>
<p>ENA’s recent performance has caught the attention of market analysts and enthusiasts alike. According to JetStart , Ethena is developing a stablecoin backed by Bitcoin and Ethereum.&nbsp;</p>
<p>This innovation has the potential to attract players like BlackRock and Coinbase, making ENA a possible 100x moonshot. Currently, ENA’s market cap stands at $696.01 million, with the price at $0.4.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">➬ <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ENA</a> | <a href="https://twitter.com/ethena_labs?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ethena_labs</a><br><br>➜ Ethena is developing the only stablecoin that backed by Bitcoin and Ethereum<br><br>➜ Such innovation can attach <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@BlackRock</a> &amp; <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@coinbase</a> for further RWA and massadoption on crypto<br><br>➜ That's making <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ENA</a> a potential 100x mooner<br><br>Price: $0.4<br><br>Mcap: $696.01M <a href="https://t.co/lIjUqGgpHW" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/lIjUqGgpHW</a></p>— JetStart <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f47e.png" alt="👾" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@0xStartt) <a href="https://twitter.com/0xStartt/status/1810408361235452247?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Furthermore, in a detailed price analysis, analyst YG Crypto <a href="https://x.com/ygcrypto/status/1810563684864860507" target="_blank" rel="noopener noreferrer nofollow">highlighted Ethena’s volatility</a>. ENA recently plunged from its descending channel, hitting a critical support level between $0.350 and $0.300.&nbsp;</p>
<p>This zone is pivotal, with the token currently holding strong. For ENA bulls, the main strategy involves breaking through dynamic resistance and retesting it. Success in this could see ENA returning to its previous highs.</p>
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdTyQ0-pxbgznQhFzyqi892Zwy0lEjjSMRE7YMediBQaBm1YePO10FzWJrCrIfB8eoZb1pwhlJKvh0W7Wp7wt8qyVbxrqvcJbMvM1r5DsPhBxV2nFua1IP4n866j8bjfguUkKqUQ3vBdnElUw5o3XsDEdVf?key=WaExpXS5LA55ZQh93auDhQ" alt="" style="width: 100%;height:auto">
</figure>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-celestia-tia-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why Celestia (TIA) Price is Pumping</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-the-road-ahead-for-ena-strong"><strong>The Road Ahead for ENA</strong></h2>
<p>For ENA to maintain its bullish trajectory, it must stay above the current support levels. The broader crypto market, especially the performance of the Ethereum ecosystem, plays a crucial role.&nbsp;</p>
<p>Moreover, the <a href="https://www.cnbc.com/2024/07/08/watch-now-etf-edge-on-the-start-of-spot-ethereum-fund-trading-it-could-be-just-days-away.html" target="_blank" rel="noopener noreferrer nofollow">Ethereum ETF</a> trading could be a catalyst for ENA’s price movement. Until then, market participants remain cautious but optimistic about ENA’s potential.</p>
<p>JetStart’s optimism is based on Ethena’s unique proposition of a stablecoin backed by major crypto assets. This innovation could drive mass adoption, positioning ENA as a key player in the crypto market.&nbsp;</p>
<p>Additionally, YG crypto’s technical analysis highlights the importance of the current support levels. Breaking out of the resistance could lead to ENA revisiting and potentially surpassing its ATH.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h2>
<p>ENA is currently one of the top gainers in the crypto market, trading at around $0.4. The next key milestone is $1, a price point it has achieved before. However, reaching this target depends on the Ethereum ecosystem’s performance and the success of the ETH ETF.&nbsp;</p>
<p>With strong support levels and innovative projects backing it, ENA’s future looks promising. Investors and traders will be closely watching for signs of the next big move.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ethena-ena-price-among-top-crypto-gainers-1-coming-next/" rel="noopener noreferrer nofollow">Ethena (ENA) Price Among Top Crypto Gainers – $1 Coming Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethena (ENA) Price Among Top Crypto Gainers – $1 Coming Next?

Daftar Isi

CaptainAltcoin

Artikel lain yang dipublikasikan pada 9 Jul 2024

Paxful Co-founder Pleads Guilty To AML Violations, Faces Jail Term

Could flatcoins replace stablecoins in the crypto market?

Argentina Leads in Cryptocurrency Adoption Amid Rising Inflation

Phishing the Phisher: Notorious Pink Drainers Drained of $30,000 in Ethereum Scam

Notcoin (NOT) Set for Bullish Breakout with Rising Volume

Cryptocurrency Market Sees Significant Gains in a Few Hours

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!