$ENA Single-day Rise of 36% What are the Benefits? No Fluff, No Negativity, Just the Facts!
ENA rose 36% in 24 hours. The coin's low was 0.19, and it is currently quoted at 0.54, doubling in value. However, its previous high was 1.5 USD, and the FDV remains as high as 8.2 billion, with a circulating market cap of 1.5 billion, ranking 63rd in market cap.
As a highly valued VC coin that has been in a downtrend, ENA can be said to be scorned by many. Now, after a strong bottom rebound, does it have the chance to lead VC coins in proving the bearish critics wrong?
Recent favorable points summarized:
1. Catch-up, there’s no reason;
2. BTC is rising, ENA protocol revenue is increasing;
3. Market maker Wintermute proposed that the ENA Foundation distribute part of the protocol revenue to ENA stakers;
4. USDe supply increased from 2.4 billion to 2.8 billion in half a month, stopping the decline and rebounding, with protocol revenue also coming out of the trough;
5. Relevant KOLs are starting to speak positively (I have no vested interest);
