Ethereum

Dice

2024

Ethena

The Ethena price surged 10% in the last 24 hours to trade at $0.48 as of 03:51 a.m. EST on trading volume that skyrocketed 84% to $193 million.
This comes after spot Ethereum ETF (exchange-traded funds) products debuted in the US to robust investor interest, sucking in $107 million in net inflows.
Meanwhile, Ethena has announced plans to allocate a portion of its $235 million USDT stablecoin collateral and $45 million surplus reserve into yield-generating real-world asset (RWA) offerings. The move is seen as a means to diversify its investment portfolio and enhance returns for its investors.
From July 20, the price of Ethena went through a retrace to find support at around $0.42, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xc3db44adc1fcdfd5671f555236eae49f4a8eea18" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
After the ETH ETFs debuted, ERC-20 tokens have seen massive gains, with ENA soaring from the $0.42 support to climb up, forming a rounding bottom pattern on the last day.
<h2 id="b-ethena-price-to-continue-surging-over-the-rounding-bottom-b">Ethena Price To Continue Surging Over The Rounding Bottom</h2>
<figure id="attachment_556545" aria-describedby="caption-attachment-556545" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-556545" src="https://insidebitcoins.com/wp-content/uploads/2024/07/ENA_2024-07-24_10-51-53.png" alt="Ethena Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/ENA_2024-07-24_10-51-53.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/07/ENA_2024-07-24_10-51-53-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/ENA_2024-07-24_10-51-53-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/ENA_2024-07-24_10-51-53-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-556545" class="wp-caption-text">
 ENAUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
The Ethena price aims for a sustained bullish rally as it trades well above both the 50-day and 200-day Simple Moving Averages (SMAs).
Moreover, the Relative Strength Index (RSI) is climbing up toward the 70-overbought region, which shows that buyers are actively buying, an indication of continued investor optimism.
The Moving Average Convergence Divergence (MACD) is trading up above the neutral line, a signal of the bullish stance by the bulls. The blue MACD line is also crossing above the orange signal line, forming a bullish crossover. A bullish crossover could encourage the bulls to buy more, which may push the token over the rounding bottom as they target $0.53.
The RSI and MACD could encourage optimistic investors to buy more, which could push the token up.
However, the 200-day SMA crosses below the 50-day SMA, forming a death cross at $0.46. A death cross may prompt the bears to take control of the price, which may push the token back to the next support, around $0.44 (50-day SMA).
Meanwhile, as ENA bulls aim for a rally to the upside, the 99Bitcoins YouTube channel, with over 705,000 subscribers, says that Solana GameFi presale <a href="https://insidebitcoins.com/visit/mega-dice-presale" rel="noopener noreferrer nofollow">Mega Dice (DICE)</a> has the potential to soar 100X after its launch.
<iframe title="IS MEGADICE THE NEXT 100X CRYPTO PRESALE GEM?! GAMING + CRYPTO" width="640" height="360" src="https://www.youtube.com/embed/bxVYKtZ-vdw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="b-gamefi-sensation-mega-dice-zooms-past-1-65-million-in-blockbuster-presale-b">GameFi Sensation Mega Dice Zooms Past $1.65 Million In Blockbuster Presale</h2>
<a href="https://insidebitcoins.com/visit/mega-dice-presale" rel="noopener noreferrer nofollow">Mega Dice</a> is shaking up the crypto gaming landscape, having recently hit the $1.65 million mark in its presale.&nbsp;The project stands out as a top brand in the crypto casino domain, boasting over 10,000 active players and monthly wagers exceeding $50 million.
Its customers enjoy over 4,000 casino games and 50 sports and eSports betting options.
Token holders also stand to share in the casino’s profits daily through its unique staking system.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
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 — Mega Dice Casino (@megadice) <a href="https://twitter.com/megadice/status/1796920039792165361?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 1, 2024</a>
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Now it’s launched its DICE token with the aim of challenging the ascendancy of the crypto casino titan Rollbit Coin.
To join the presale, <a href="https://insidebitcoins.com/visit/mega-dice-presale" rel="noopener noreferrer nofollow">you can buy $DICE on the official website here</a> for $0.100254 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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Is It Too Late To Buy ENA? Ethena Price Surges 10% As Spot Ethereum ETFs Launch, And This Might Be The Next Crypto To Explode

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