Will ENA continue to break new highs? Can I still enter at the current position?
Currently, the price of BTC has fallen sharply, falling to around $68,800. Compared with the price on Monday, this means a drop of 4.3%.
At the same time, Ethena's native token ENA also followed the overall market decline, reflecting the price trend of BTC, and fell by 4%. Currently, ENA is still rising and trading at around $1.30.
I think the decentralized financial protocol ENA can significantly extend and drive the Bitcoin bull market to new heights.
For example, limiting excessive leverage in the derivatives market and reducing spot supply can drive Bitcoin prices higher over a longer period of time.
In simple terms, by limiting excessive leverage in the future market and reducing spot supply, Ethena can significantly support the price of BTC and extend the current bull market.
*The above is not an investment advice
Again, if you come to me, I can take you ashore, just lie down, #大盘走势 #ENA
I will also do more detailed market analysis and bull market strategy layout sharing in the exchange Junyang#新币挖矿 #WIF
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