This one
Ethena (ENA) is a crypto token associated with the Ethena protocol, a synthetic dollar protocol built on Ethereum. Ethena (ENA) leverages the Ethereum blockchain to provide a native crypto solution for currency without relying on traditional banking infrastructure. The protocol launched a synthetic dollar called USDe, also known as the "Internet Bond". USDe is an algorithmic stablecoin collateralized by cryptocurrency assets.
Ethena (ENA) has been on a roller coaster ride in the market lately. Currently, ENA is trading at around $0.43, a drop of about 6.5% in the past 24 hours.
ENA reached a peak of $1.52 in April 2024, and the current price has fallen by approximately 70% from its historical high. The price of ENA has fluctuated significantly in recent months. Although its price surged 45% two weeks ago, the complexity of the market means that ENA investors need to carefully weigh potential opportunities and challenges.
TO US
Ethereum Name Service (ENS) is a distributed, open, and extensible naming system built on the Ethereum blockchain. Its main function is to map human-readable names (such as "alice.eth") to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.
As the native token of the system, ENS is used for governance, voting, and managing treasury grants. After several months of adjustment, ENS successfully broke through the important $30 mark after the Ethereum spot ETF was officially launched.
At press time, the Ethereum Name Service (ENS) token is trading at around $29, having gained around 13% in the past 24 hours, and is ranked 58th in terms of market capitalization, with a market cap of $934 million. Furthermore, analysts are reflecting bullish sentiments and suggesting that the token could soon extend gains to the $50 mark.
ETHFI
ETHFI (Ether.fi) is a decentralized, non-custodial delegated staking protocol. Ether.Fi is a brand new infrastructure staking protocol on Ethereum. It allows participants to retain control of their keys when staking on behalf of others.
Deposits to Ether.Fi are automatically re-collateralized with Eigenlayer. Eigenlayer leverages staked ETH to support external systems, building an economic security layer, which increases returns for ETH stakers in the process.
$ETHFI is the native utility and governance token of the Ether.Fi protocol. At press time, the ETHFI token is trading at around $2.39, up around 2% in the past 24 hours, and in terms of market capitalization, ENS is ranked 98th with a market cap of $385 million. Furthermore, analysts reflect bullish sentiment and suggest that the token may soon extend gains to the $10 mark.
ZRO
LayerZero (ZRO) is a leading cross-chain interoperability protocol designed to facilitate seamless communication between different blockchains. The ZRO token is the governance and utility token of the LayerZero ecosystem, enabling holders to participate in the decision-making process and enjoy benefits within the network.
LayerZero achieves this through its unique architecture, which combines multiple advanced technologies to ensure scalability, security, and interoperability. As the blockchain space continues to evolve, adopting this technology can unlock new opportunities and drive the growth of decentralized applications, thereby fostering a more inclusive and efficient digital ecosystem.
As of press time, the ZRO token is trading at around $4.9, having gained around 40% in the past week, and is ranked 87th in terms of market capitalization with a market cap of $535 million. The market is currently generally bullish, and the token may soon extend its gains to the $15 mark.
