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">
 Uncover ancient treasures and spin your way to BIG wins with our <a href="https://twitter.com/hashtag/NewGame?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#NewGame</a> release <a href="https://twitter.com/hashtag/TombOfGold?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TombOfGold</a> by <a href="https://twitter.com/ThePlayngo?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ThePlayngo</a> at Mega Dice Casino! 🏺
 Ready for an adventure? 😏
 🔗 <a href="https://t.co/fawORyTnCC" rel="noopener noreferrer nofollow">https://t.co/fawORyTnCC</a> <a href="https://t.co/J5UahgvUgc" rel="noopener noreferrer nofollow">pic.twitter.com/J5UahgvUgc</a>
 — Mega Dice Casino (@megadice) <a href="https://twitter.com/megadice/status/1796920039792165361?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 1, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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.
<h2 id="related-news">Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/next-crypto-explode-unveiling-potential-market-shaker-calsona-hmwze" rel="noopener noreferrer nofollow">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024 🚀💥</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye" rel="noopener noreferrer nofollow">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/bitcoin-casinos/" rel="noopener noreferrer nofollow">Best Bitcoin Casinos for Crypto Gambling in 2024</a></li>
</ul>

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

Mục lục

Inside Bitcoins

Các bài viết khác được xuất bản trên 24 thg 7, 2024

WEMIX.Fi Service Revision

Bitcoin ‘massive rally’ due as buy signal hits for 1st time in a year

Chinese-based Microsoft employees are in relocation dilemma

Trump Incident Influences STRUMP’s Rise; MOONHOP Nears $1M Target; Bonk Coin Outlook Unaffected

Tron Surpasses Ethereum in Transaction Volume

Injective Integrates Mountain Protocol to Power Tokenized T-Bills

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!