The best cryptocurrencies to buy after Ethereum ETF goes public
ENA
Ethena (ENA) is a crypto token associated with the Ethena protocol, a synthetic dollar protocol built on Ethereum. Built on the Ethereum blockchain, Ethena (ENA) aims to provide a crypto-native solution for currency. It does not rely on traditional banking infrastructure and provides a synthetic dollar called USDe, also known as "Internet bonds". USDe is an algorithmically stable token collateralized by cryptocurrency assets.
ENA has been on a roller coaster ride in the market recently. Ethena has recently experienced a major surge in price, and the current trading price of ENA is about $0.43. ENA has been trending down in the past 24 hours, down about 6.5%.
ENS
Ethereum Name Service (ENS) is a distributed, open and scalable naming system based on the Ethereum blockchain. Its job 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.
ENS is the native token of the system and is used for governance and voting using treasury grants. After months of consolidation, ENS broke through the key $30 mark after the Ethereum spot ETF was officially listed yesterday.
At press time, the Ethereum Name Service (ENS) token is trading at around $29, up around 13% in the past 24 hours. In terms of market capitalization, ENS ranks 58th with a market capitalization of $934 million. In addition, analysts reflect bullish sentiment and suggest that the token may soon extend its gains to the $50 mark.
ETHFI
ETHFI (Ether.fi) It is a decentralized, non-custodial delegated staking protocol. Ether.Fi is a brand new infrastructure-based staking protocol on Ethereum. It allows participants to retain control of their keys when proxy staking.
Deposits to Ether.Fi are automatically re-staked with Eigenlayer. Eigenlayer uses staked ETH to support external systems and build an economic security layer, which increases the returns of ETH stakers in the process.
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