đ„ AMBCrypto Analytics: What Next to $ENA ?
ENA has also been making waves in the speculative market. According to AMBCryptoâs analysis of Coinglassâ data, the Open Interest (OI) in ENA Futures surged to $372 million at press time, indicating a higher number of bets to profit from its future price action.
More than 50% of the positions seemed to be gunning for ENAâs price increase, as evidenced by the Longs/Shorts Ratio. This is a sign that traders are confident that the bullish momentum will sustain itself.
However, at press time, the social frenzy around the coin was tapering, as seen by the dip in discussions on top crypto-focused social groups. This could impact the participation of retail investors, many of whom are drawn to cryptos due to social hype.
