Can ENA still go in at its current position? The most noteworthy cryptocurrency in the near future - #ENA
This token has attracted market attention by breaking the $1 mark in a week, bringing its market value to over $1 billion and into the top 100 cryptocurrencies. It is worth noting that Ethena aims to disrupt the decentralized finance ( DeFi) space by introducing an innovative synthetic dollar protocol, providing users with a stablecoin alternative to mitigate the volatility common in other cryptocurrencies.
While this token is currently experiencing hype, it is important to note the potential risks in an uncertain environment, so vigilance is needed in the coming week. Investors may not fully understand Ethena's model and limitations, which poses considerable risks.
In addition, the crypto community is also concerned about the risks of Ethena's approach, especially after the collapse of the Terra ecosystem. Some market participants are worried that Ethena may follow a similar path and face a collapse.
For example, Andre Cronje, the founder of Fantom, expressed concerns about the incentives of Ethena Labs and warned that it may have similarities to Terra's past collapse.
Currently, ENA is trading at around $1.12, with a weekly increase of 60%.
The previous password has been announced in the circle, and it has doubled. Many fans have earned it.
The next password is just around the corner. I will announce it before the Bitcoin halving, and it is expected to start five times!
I will also share more detailed market analysis and bull market strategy layout in the exchange Junyang. In the current ups and downs of the market, blindly working alone will never bring opportunities! We have the most professional community. If you like spot contracts and want to roll funds together, click on my avatar and see me pinned to the top. Free sharing. Old fans know what the strength is. I will update Mima from time to time in the circle. Waiting for you in the circle! !
