Ethena (ENA) has been facing significant challenges in recent weeks, primarily due to large-scale sell-offs by whale investors. The token, which had experienced some fluctuations, recently saw a sharp drop in value, triggering concerns about its future price trajectory.
Bitcoin's chance of hitting a new all-time high has increased, buoyed by expectations of the adoption of a US Bitcoin reserve.
AVAX hasn't caught the eye of many, when compared to other altcoins. At least not yet.
Solana price has surged this week, and the rising odds of a SOL ETF may push it higher this year. One way of taking advantage of SOL's price action is to invest in top Solana rivals that could replicate its success this year.
The market intelligence platform IntoTheBlock has explained why Avalanche (AVAX) could be a key network to watch in the cryptocurrency sector. Avalanche Has Been Witnessing Consistently High Activity Recently In a new post on X, IntoTheBlock has discussed about how two network-activity related metrics have been like for Avalanche recently.
Investor profit-taking has shaken market confidence in ENA, prompting a sharp sell-off.
A closely followed crypto analyst says that one top-10 altcoin is forming one of the most bullish digital asset market structures around. In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that payments altcoin XRP is forming a bull pennant pattern.
Amid improving network health, the Avalanche price trend reveals a breakout possibility. Will this breakout run reach the $50 milestone?
Ethena (ENA), once a promising cryptocurrency, is now under significant pressure as its price continues to drop. After losing the crucial support level of $0.86, the token has slipped to $0.81, leaving many investors worried about its future.
Bitcoin's recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.
The latest price analysis by Coinidol.com report, the price of Avalanche (AVAX) has ended its decline after hitting a low of $33 on December 20, 2024.
ENA trades below critical support levels, with analysts predicting further declines unless a recovery above $0.86 is achieved.
The team estimates it could earn approximately 27% APY, helping drive revenue to Sky and maximizing returns for Savings USDS depositors.
Ethena token stabilized after falling sharply in recent days following Spark's announcement of stablecoin integration. Ethena (ENA) rose to $0.83 on Jan. 14, recovering from this week's low of $0.7255.
Ethena (ENA), a promising contender in the cryptocurrency space, is under scrutiny following a significant $6.46 million deposit of 7.85 million tokens by Arthur Hayes, co-founder of BitMEX, into Binance and Bybit. This high-profile move has fueled market speculation about potential sell-offs or strategic repositioning, driving a 9.84% price drop.
ENA faces market challenges, yet investor sentiment remains cautiously optimistic.
Bitcoin's fall below $90,000 is a negative sign, but the bulls are expected to vigorously defend the $85,000 level.
AVAX faces continued selling pressure with key technical indicators pointing to further downside potential as price trades below crucial resistance at $40-$42 while approaching important support at $27.
Arthur Hayes actively traded Ethena (ENA), while also encouraging users to buy USDe for staking.
Avalanche (AVAX), known for its lightning-fast blockchain transactions, is currently navigating a challenging phase in the cryptocurrency market. Trading at $36.72, the AVAX/USDT pair has been showing signs of a bearish trend, compounded by broader market pressures and technical resistance zones.
AVAX's short-term price action depends on a few key factors going forward.
The overall cryptocurrency market sentiment appears negative, amid this, Avalanche (AVAX) has gained significant attention from investors and whales, as reported by the on-chain analytics firm IntoTheBlock. Large Transactions Volume Soars by 71% Data from IntoTheBlock reveals that the large transaction volume on AVAX has surged by 71.09% in the past 24 hours.
USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It's a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar.
Bitcoin's bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
Bitcoin (BTC) dipped to its lowest level since November as its post-election rally lost steam. BTC fell to an intraday low of $91,314 before recovering to its current level of $93,311.
Avalanche (AVAX) has been experiencing mixed signals recently, with notable growth in transaction activity but a concerning decline in liquidity. After hitting a high of $4.68 billion in stablecoin market cap in March 2022, Avalanche has seen a significant loss, shedding over $1 billion from its stablecoin market cap in the past 10 days.
Ethena (ENA) has experienced a significant 18% drop in price over the last 24 hours, pushing its market cap below the $3 billion mark. Despite this, ENA remains one of the top 50 largest cryptocurrencies by market capitalization.
Avalanche network activity flashes mixed signals as transaction growth remains strong, but network liquidity takes a hit.
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.
The latest price analysis by Coinidol.com report, Avalanche (AVAX) prices continue to trade below the moving average lines but above the $35 support level.
Digital assets remain in the red as Bitcoin hovers below $95K after its recent plunge from above $100K. Ethena saw its value decline over the past few days, and a 7% price dip in the past day plunged its market cap beneath $3 billion.
Ethena (ENA) price has dropped 18% in the last 24 hours, pushing its market cap below $3 billion. Despite this decline, ENA remains one of the top 50 largest cryptos by market cap.
Bitcoin's sell-off shows no signs of forming a bottom, which is destroying traders' appetite for altcoins.
Ethena, a well-known synthetic dollar protocol built on the Ethereum blockchain, is considering its next goals for the new year.
TL;DR Ethena surpasses DAI and reaches a $6 billion market capitalization with its stablecoin USDe, standing out in the sector. The integration of sUSDe into Aave drives over $1 billion in inflows in just a few weeks, attracting large investors. Ethena launches USDtb, a stablecoin backed by U.S.
As a minor pullback in the ENA price harming the Ethena whales' confidence, the price analysis reflects a buying opportunity.
Avalanche (AVAX), a leading cryptocurrency, is catching the market's attention as analysts suggest it might be on the verge of a major price surge. Currently trading near $43.30, the token has shown impressive resilience in the face of market volatility.
A 21.92% rise in large transactions highlights growing whale interest. Could this aid analysts' $150 prediction for AVAX?
Sustained buying by institutional investors pushed Bitcoin above $100,000, opening the doors for a retest of the all-time high.
Both $AVAX and $RENDER are following Bitcoin's lead by being in the green on Monday. Can both of these altcoins continue to copy Bitcoin by getting back to their all-time highs?
Ethena shows strong technical indicators and consistent growth across multiple timeframes, with a potential target of $2.44
AVAX is the top gainer from the larger-cap alts today.
ENA's recent activity among whales and retail traders places the asset in a favorable position.
Bitcoin bulls keep pushing for $100,000, and if they make it, SUI, ENA, SOL and ICP could also break out.
Here is how some of your favorite assets concluded the week.
The crypto project backed by BitMEX founder Arthur Hayes wants to explore a potential market for financial services on the messaging platform Telegram. In a statement, Ethena Labs says it's mulling building a Telegram-based savings and payment application this year as it sees a $50 billion market for its synthetic dollar USDE.
Ethena Labs, a prominent player in the world of synthetic dollars, has unveiled an ambitious 2025 roadmap designed to enhance the accessibility and usability of its innovative financial products. Central to the plan is the integration of iUSDe, a synthetic dollar variation, into traditional finance (TradFi) portfolios, offering attractive 20% annual percentage yields (APY) to investors seeking stable returns in the current economic climate.
Ethena (ENA) has garnered significant attention in the crypto space, surging by over 11% in the past 24 hours and pushing its market capitalization to a solid $3.5 billion. This rally is driven by a range of strong technical indicators that suggest the token may have more room for growth in the near future.