- BitMEX co-founder Arthur Hayes famous the surge in Ethereum-based ENA regardless of criticism:
- ENA's market cap has reached $1.39 billion and is presently ranked 68th on CoinMarketCap.
- ENA worth surged after the pullback, rising by 48.65% in 10 days.
BitMEX co-founder Arthur Hayes highlighted the latest efficiency of Ethena (ENA), an Ethereum-based artificial greenback protocol, noting that the protocol has risen by the ranks regardless of widespread criticism. Citing a submit by Athena Labs founder Man Younger, Hayes mentioned the challenge has elevated its provide of USDe by roughly $450 million over the previous 16 days.
In the meantime, in line with knowledge from CoinMarketCap, ENA has risen to 68th place among the many 10,043 energetic cryptocurrencies listed on the main aggregation platform. In line with the info, ENA’s market cap has risen by 0.25% prior to now 24 hours to a staggering $1.39 billion.
In line with further data from CoinMarketCap, ENA’s buying and selling quantity has elevated by over 10% prior to now 24 hours, reaching over $314.5 million on the time of writing. This worth places ENA in twenty ninth place by buying and selling quantity with a circulating provide of 1.52 billion ENA.
Relating to distribution amongst ENA holders, knowledge out there on CoinMarketCap reveals that 79.84% of addresses maintain between $0 and $1,000 price of ENA, by far the most important class of ENA holders. 19.65% of addresses maintain between $1,000 and $100,000 price of ENA, whereas solely 0.51% maintain greater than $100,000 price of ENA.
Observing ENA worth exercise on TradingView, we are able to see that after a pullback that lasted almost 5 weeks, the artificial greenback protocol bounced off assist on Might 16. The altcoin reversed at $0.6538 and has risen 48.65% over the previous 10 days.
ENA’s latest rally noticed it break above key resistance close to $0.75 and goal the following key stage at $0.95. In line with knowledge from TradingView, the worth has fallen barely after testing this stage and is buying and selling at $0.9246 on the time of writing.
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