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Since Donald Trump's win in the U.S. presidential race, the cryptocurrency market has been booming. It surged 30%, with the global market cap reaching a record $3 trillion, while Bitcoin reached a record-breaking $93k.
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Bitcoin hit a new all time high but a price correction maybe due.
The price of Ethena (ENA), the native token of the Euler Labs platform, has surged dramatically by 41% in the past week, attracting the attention of investors and traders alike. This impressive rally has left many wondering: Could ENA be on track to hit $1?With recent bullish signals, growing market activity, and exciting developments from Euler Labs, Ethena's ENA token seems to be entering a promising phase.
New rewards could be in the works for Ethena token holders via Wintermute's governance proposal. Ethena Token Holders Set to Enjoy New Rewards Wintermute has suggested a governance change that would implement a “fee switch”, distributing a percentage of Ethena's (ENA) earnings directly to holders.
Ethena is a financial protocol built on the Ethereum blockchain, designed to provide a synthetic dollar solution that operates independently of traditional banking systems. Whale Accumulation- Recent activity from large investors (or whales) in Ethena (ENA) has greatly impacted its price.
To ensure sENA holders benefit from Ethena's revenue, Wintermute proposed a fee switch framework.
TL;DR Wintermute has proposed a governance change to reward Ethena (sENA) token holders by introducing a “fee switch” to allocate a portion of Ethena's revenue directly to them. The proposal aims to ensure a fair distribution of Ethena's revenue, addressing the gap between the protocol's financial performance and the benefits for staked token holders.
The Ethena community is currently reviewing a proposal from crypto market maker Wintermute to activate a fee switch within the protocol. In the Nov. 6 proposal, Wintermute highlighted the lack of clarity regarding the revenue distribution for Ethena's ENA token.
The probability of a strong altseason has increased as the Bitcoin price has risen. Moreover, the growing Bitcoin dominance fueled the expectation, which appears to become viable as the altcoins continue to gain strength. Presently, the dominance has reached levels around 60% from where the famous 2021 bull run was instigated.
ENA is flashing bullish signals, but how far can these signals take it?
Wintermute's proposed solution is to activate a “fee switch”, which would allocate a portion of Ethena's revenue directly to sENA holders.
The proposal also asked for more transparency on the past and future revenue allocation of the Ethena protocol.
DOGE, ENA and XMR rallied amidst volatile BTC price action before US elections.
A surge in whale activity is often a catalyst for price volatility and bullish trends.
The anticipated crypto bull run has investors closely watching top digital assets showing strong weekly performances. Recently, with the surging in value, these cryptocurrencies are positioned to double in price as market sentiment improves potentially.
Ethena is a financial protocol built on the Ethereum blockchain, designed to provide a synthetic dollar solution that operates independently of traditional banking systems. In mid-October, big investors bought around 5.4 million ENA tokens worth about $2.3 billion.
Dogecoin's recent performance has injected optimism into the broader cryptocurrency market as the token approaches a pivotal resistance level. The digital asset, which had stagnated near $0.1, has surged with growing bullish sentiment and increasing volume. This upward trend hints at Dogecoin's potential to break out and reach a target price of $0.15.
As speculation surrounding potential outcomes from next week's U.S. election intensifies, Bitcoin surged past $71,000 hitting a new all-time-high, igniting double-digit gains across altcoins like DOGE, ENA, POPCAT, and BSV. On Oct.
Ethena Labs remained on investor radar this week after crypto investigator Nomad claimed that the team owns approximately 25% of staked ENA assets in the current season 3 farming event. Nomad stated that this might dilute rewards for unsuspecting users, with those holding stablecoin USDe highly vulnerable.
The ENA token price has increased by 15.68% in the past 24 hours, reclaiming the market cap of $1B. Inching closer to the psychological mark of $0.50, the altcoin is teasing a potential triangle breakout rally.
In a surprising move, the Bitcoin price closed the daily trade above $71,400 and woke up the bulls within the market. The Dogecoin price was on its way to hit $0.15 but now it's attempting to clear the major resistance above $0.16.
Ethena Labs rebutted claims that it unfairly used 180 million of its own tokens to gain rewards from a crypto farming event it hosts.
Ethena Labs, a synthetic dollar protocol built on Ethereum, is under scrutiny after allegedly misusing 180 million ENA tokens on a crypto farming event. The price of a token went down by 6.01%.
