A widely followed crypto strategist believes that one Ethereum (ETH) rival could have a strong performance this year. Pseudonymous analyst Altcoin Sherpa tells his 214,300 followers on the social media platform X that Fantom (FTM) could soar more than 15% from its current value. “FTM: I think this is still a very solid coin and […]
The post Trader Says One Ethereum Rival Will Do Well in 2024, Updates Outlook on Three Additional Altcoins appeared first on The Daily Hodl.
On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin by market capitalization, now valued at over $2 billion. USDE to Utilize Bitcoin as Collateral An update shared by Ethena […]
A widely followed analyst and trader is expressing bullish sentiment on one Ethereum (ETH) competitor while offering his forecast on gaming altcoin Beam (BEAM). The analyst pseudonymously known as Altcoin Sherpa tells his 213,800 followers on the social media platform X that the price of the native token of the layer-1 blockchain Solana (SOL) could […]
The post Crypto Analyst Says One Leading Ethereum Rival To Go Up ‘Way Higher’, Updates Outlook on Gaming Altcoin Beam appeared first on The Daily Hodl.
BitMEX founder Arthur Hayes is predicting one new decentralized finance (DeFi) altcoin project will take off on a massive rally once the broader crypto market resumes an uptrend. Hayes is predicting that Ethena (ENA), a governance token launched by Ethena Labs for the project’s DeFi protocol, could soar more than 817% from the current value. […]
The post New Ethereum-Based Altcoin Just Listed on Binance To Explode Over 800%, Predicts BitMEX Founder Arthur Hayes appeared first on The Daily Hodl.
Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $1.36 billion at the time of reporting. Rapid […]
Top global crypto exchange Binance has announced plans to support a new Ethereum (ETH)-based altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 50th project will be Ethena (ENA), a synthetic dollar protocol. Ethena aims to provide a crypto-native solution for money not reliant on traditional […]
The post Binance Launchpool Announces Plans To Roll Out Trading Support for New Ethereum-Based Synthetic Dollar Protocol appeared first on The Daily Hodl.
Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of the total supply) will be airdropped, with the number of shards held by each […]