ENA
Ethena Labs recently partnered with World Liberty Financial (WLFI), a decentralized finance initiative supported by elected President Donald Trump. The focus of this collaboration is to enhance the liquidity of stablecoins while increasing user rewards on the WLFI platform. A key element of this partnership is a governance proposal aimed at integrating Ethena's stablecoin sUSDe as the primary collateral asset for WLFI's Aave-supported protocol.
Meanwhile, the native token of Ethena, ENA, has experienced price fluctuations. The ENA token is currently trading between $1.05 and $1.10, stabilizing around $1.04 after a brief drop.
This collaboration is likely to benefit both parties. Including sUSDe as collateral could attract a broader user base to the WLFI ecosystem, thereby enhancing its liquidity.
SOL
After hitting an all-time high of $264 on November 22, SOL experienced a significant pullback, dropping nearly 30% in the last 30 days. Despite this, the Solana ecosystem remains strong, with applications like Raydium and Pumpfun still attracting a large number of users, generating daily fees in the millions. SOL's altcoins, such as PENGU, BONK, and WIF, continue to attract investor attention.
Looking ahead, the price trend of SOL will depend on key support and resistance levels. If the support level of $178 is breached, SOL may face further declines, targeting prices of $158 and $147. However, if it can break through the resistance level of $195, SOL is expected to enter a new round of increases, with target prices possibly reaching $203 and $221.
STMX
StormX (STMX) currently has a market cap of $72.98 million, ranking 544th, with a 24-hour trading volume of $36.74 million, indicating relatively high liquidity. The price of STMX is approximately $0.005917, with a slight increase of 1.32% over the past day. From the chart, STMX shows significant price volatility in the last 24 hours, with a fluctuation range of about $0.0055 to $0.0060. In the past 30 days, there were 17 days of upward movement, indicating that the probability of the closing price being higher than the opening price exceeds half.
The total supply of STMX is 12.5 billion tokens, with a fixed maximum supply cap, which may affect its market dynamics. The trading volume to market cap ratio is 50.4%, further highlighting the liquidity of this token. STMX shows a slight upward trend in the short term, and the overall market performance indicates a relatively high level of investor interest and trading activity. For traders looking to buy and sell without significantly impacting the price, StormX is undoubtedly an asset worth paying attention to.
