Ethena (ENA) Surges 170%: Whatâs Driving the Rally?đšđš !Ethena Pumpđ Ethena (ENA), the crypto-native synthetic dollar, has witnessed an impressive 170% surge in recent days. Hereâs a closer look at the factors behind this remarkable rally: đ1. Governance and Staking Momentum ENAâs unique governance model has attracted attention from DeFi enthusiasts. Token holders actively participate in decision-making, creating a sense of community ownership. Staking opportunities provide additional incentives, driving demand for ENA. đ2. Collateralized Stability ENAâs value is backed by transparent, custodied assets, including spot ETH and liquid-staked ETH tokens. This collateralization ensures stability and confidence in the synthetic dollar. đ3. Market Sentiment and Adoption Positive sentiment around ENAâs innovative approach to synthetic assets has fueled interest. As more users discover Ethena, adoption continues to grow. đ4. Uniqueness in the Space ENA represents a new digital asset class: the synthetic dollar. Investors seeking alternatives to stablecoins find ENA appealing due to its risk-adjusted returns. đ5. Technical Breakouts Chart analysis reveals bullish patterns, with ENA breaking through key resistance levels. Traders and investors are taking notice, contributing to the price surge. While the pump is exciting, remember that crypto markets can be volatile. Always conduct thorough research and consider your risk tolerance before making investment decisions. đđĄ Disclaimer: This post is for informational purposes only and does not constitute financial advice. Invest responsibly. đđ #BinanceLaunchpool #ENA #BullorBearPIXEL-1.71% #ENALAUNCHPOOL #Write2Earrn
Dogecoin up by 20% this week ahead of âDoge Dayâ
By Ogwu Osaemezu Emmanuel
March 31, 2024 at 6:40 pm
Edited by Anthony Patrick
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Dogecoin (DOGE) has experienced a significant surge of 20% in value over the past week.
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The surge in Dogecoinâs price, coupled with the anticipation of so-called Doge Day and the launch of Dogecoin futures products on Coinbase, suggests a bullish momentum for the cryptocurrency.
The coin, created by software engineers Billy Markus and Jackson Palmer, has enjoyed a resurgence that led to increased interest in other meme coins like Dogwifhat (WIF), Book of Meme (BOME), Pepe (PEPE), and Slerf (SLERF).
According to Tradingview, support levels for Dogecoin (DOGE) are seen at 0.081 cents and 0.094 cents, indicating key levels where buying interest may emerge to prevent further price declines.Â
Moreover, a significant support level is observed around 0.10 points, with no immediate resistance apparent, implying a potential stabilizing factor for price fluctuations.
Following the breach of the $0.10 level, technical analysis highlights specific price thresholds serving as resistance, including the Price 1 Standard Deviation Resistance at 0.229990, 52-Week High at 0.228323, 13-Week High at 0.228323#Memecoins #BinanceLaunchpool #Write2Earrn
$BNB #Memecoins #BinanceLaunchpool #writetoearn Shiba Inu technical indicators show that SHIB still has the potential to record a more substantial rally after recovering from the bottom at $0.000023
Source: Bitwise Asset Management with data from Token Terminal. A lot of people think the approval of a spot bitcoin ETF (assuming it happens) will be the biggest development in crypto in 2024. Another candidate is âEIP-4844,â the technical name for a pending upgrade of the Ethereum blockchain. The primary goal of EIP-4844 is to help reduce the average transaction cost on Ethereum. Right now, the average fee per transaction on low-cost Layer 2 blockchains is ~$0.14. This upgrade could push that below $0.01. A 90%+ reduction in the cost to use Ethereum will radically increase the types of activities individuals can feasibly participate in on the network. All of a sudden, major product ideas like micropayments, social media, and large-scale gaming would become possible. We think EIP-4844 will pave the way for the first truly mainstream applications in crypto. Thatâs a big deal. Average Fee Per Transaction on Ethereum and Ethereum Layer 2 Blockchains #Memecoins #earntowrite #SHIB #sui $BTC please tip međ
how do they all go bearish after I purchase đđ some luck I have , let's wait for the positive spike #SHIB #Memecoins #BullorBear $BNB claim a free red packet worth 10usd#earntowrite