Saturday, 25 May 2024

Crypto News

Ethena (ENA) and these three coins could be heating up for a massive rally

These 4 coins could be heating up for a massive rally

  • Ethena’s (ENA) price could surge to $3.91 by the end of 2024, according to some analysts.
  • Some experts believe Avalanche’s (AVAX) price could hit $117.09 by May 25.
  • Jupiter’s (JUP) price could reach $3.39 by May 23.

With the recent broader market surge, four coins – Ethena (ENA), Avalanche (AVAX), Jupiter (JUP), and Milei Moneda ($MEDA) – are showing promising signs of a potential rally.

Factors such as expanding usage, strategic partnerships, and growing investor interest contribute to these coins’ positive outlook.

Let’s explore why these four possible top altcoins for 2024.

Ethena (ENA) price rally on crucial integrations

Since its launch in April, Ethena (ENA) has experienced a remarkable surge in value, with the price of its native token, ENA, increasing by over 20%. However, despite ENA’s price dropping by more than 18% in the past seven days due to a downturn in the overall market, the long-term outlook for Ethena remains positive due to its expanding usage.

Partnerships with leading wallet providers like Bitget and OKX are helping to increase the adoption of the Ethena platform. Through integrations with Bitget Wallet and the OKX Wallet, more users now have convenient access to Ethena’s offerings. These collaborations are making it easier for the crypto community to interact with and utilize the full capabilities of Ethena.

As real-world usage of Ethena (ENA) expands through partnerships with major wallet companies, analysts believe the price could rise substantially in the near future. Their forecasts suggest Ethena’s value could pump as high as $3.91 in 2024.

Overall market resurgence drives Avalanche’s momentum

Despite experiencing a decline of over 35% in the past 30 days, Avalanche has showcased its resilience by demonstrating a more than 23% increase over the past week. This bullish momentum is further reflected in its year-to-date gains of over 3.2%.

The recent surge in Avalanche’s value can be attributed to the broader market resurgence, which has led whale investors to acquire approximately 52 million AVAX tokens in the past few days. Additionally, listing Avalanche on the Robinhood platform may have contributed to its upward trajectory.

Furthermore, market experts anticipate that Avalanche will continue to rise as the overall market recovers. Consequently, they predict the price of Avalanche…

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