Ethena Soars on Bullish Prediction and Binance Promotion - Can It Reach $10?

Ethena’s native cryptocurrency, ENA, surged significantly within a few hours of going live. The token launched on Tuesday and rallied from a listing price of $0.57 to $0.92 in less than 24 hours, according to data from TradingView. The surge reflects a 68% gain amid consolidation in the crypto market. Although ENA’s price surge is […]

The post Ethena Soars on Bullish Prediction and Binance Promotion – Can It Reach $10? appeared first on Coin Edition.

Ethena Soars on Bullish Prediction and Binance Promotion - Can It Reach $10?

  • Ethena’s native cryptocurrency, ENA, surged significantly within a few hours of going live.
  • ENA’s price rallied 68% in less than 24 hours amid consolidation in the crypto market.
  • Binance promoting ENA across its platforms added significant momentum to the cryptocurrency’s performance.

Ethena’s native cryptocurrency, ENA, surged significantly within a few hours of going live. The token launched on Tuesday and rallied from a listing price of $0.57 to $0.92 in less than 24 hours, according to data from TradingView. The surge reflects a 68% gain amid consolidation in the crypto market.

Although ENA’s price surge is consistent with how most newly launched crypto tokens behave, users consider Binance’s promotion of the protocol an addition to its bullish momentum. Often, newly launched crypto tokens surge high immediately after launch before retracing significantly after the early investors cash in on profits. 

Despite the regular pattern for many new crypto products, several crypto community members think Binance promoting ENA has contributed immensely to its bullish performance. The top crypto exchange recently integrated ENA into its suite of expa…

The post Ethena Soars on Bullish Prediction and Binance Promotion – Can It Reach $10? appeared first on Coin Edition.