The cryptocurrency market faces bearish pressure, led by Bitcoin (BTC), struggling to maintain its position above the $60,000 mark. This market movement is widely interpreted as part of Bitcoin’s historical post-halving retracement pattern, wherein the sector experiences a dip before rallying.
Despite the overall market’s somber outlook, Finbold has identified two cryptocurrencies worthy of attention in the upcoming week. Due to underlying fundamentals, these assets may see shifts in their trajectory.
Ethena (ENA)
Ethena (ENA), a synthetic dollar protocol, has garnered significant attention in the crypto market since its inception, having been backed by prominent industry figures like BitMEX founder Arthur Hayes. The focus in the coming week is on ENA, with the potential for volatility due to planned token unlocks.
Specifically, Ethena will unlock 53.60 ENA tokens with a valuation of around $46 million, representing 3.76% of the circulating supply. It will be intriguin
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