$ENA price increase of 15%, a unique player in the crypto world?
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Today, March 10th, mainstream cryptocurrencies in the crypto world are as green as a vegetable garden, BTC has dropped to $82,900 (down 8.2%), ETH has crashed to $2,050 (down 15.1%), but ENA is defying the odds! It has risen 15% in 24 hours, reaching $0.45,
The internet is buzzing: why is this small coin so powerful? Let's dig in!
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Why is ENA rising?
Staking rewards: Ethena's "Season 2" lock-up rewards have increased by 50%, retail investors are rushing to lock up their tokens, causing supply and demand to explode, and the price is soaring!
Safe haven: 25% tariffs + oil prices over $100, BTC faith is collapsing, funds are fleeing to mainstream coins, pouring into ENA, a small DeFi coin to avoid the storm.
Technical support: The four-hour K-line has broken through $0.42, MACD golden cross, trading volume has skyrocketed, and the bullish momentum is overwhelming!
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What does the future hold?
Short-term: stabilize at $0.45, $0.5 is possible, act fast to buy the dip!
Mid-term: if BTC drops to $80K, ENA will rely on staking to support it, $0.6 is expected.
Long-term: as DeFi remains hot, $1 is a daring thought, beware of market manipulators!
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