$ENSO Reasons for its increase: ENSO increased more than 88% today and surpassed $1.38. Some of the main causes of this explosive growth are due to:
Low Circulating Supply and High Demand:. One of the main reasons behind the price increase of Enso is its low circulating supply. Only 20.59 million tokens are in circulation out of a maximum supply of 127.33 million. When demand meets a low float token, price movements can be very pronounced because there are not enough tokens available to satisfy buying pressure.
2. Increase in Trading Volume:. The trading volume of Enso has experienced a significant increase, rising more than 1100% to $181 million in 24 hours at one point, while its market capitalization was around $17.6 million. This indicates considerable speculation, rapid capital rotation, and growing interest in the reasons behind the altcoin's surge.
3. Adoption and Integration News:. Enso has had significant news regarding its adoption. The Ensobuild technology was integrated into Hyperbloom, and ConcreteXYZ added the asset for "vault zaps," including institutional strategies. This means that complex multi-step vault entries are now performed in a single action, reducing risk and improving execution. Furthermore, Enso has positioned itself as critical infrastructure for new blockchains, attracting developers looking for faster commercialization. The integration of Enso with Monad's mainnet, which allows for instant deployment of DeFi applications, is an example of this.
