FLOKI

USDe

Smog

Ethena

Coin

The Ethena price has pumped 4% in the last 24 hours <a href="https://www.coingecko.com/en/coins/ethena" rel="noopener noreferrer nofollow">to trade at $1.21</a> as of 12:35 a.m. EST on a 19% surge in trading volume to $1.2 billion.
This pump comes as Ethena Labs, the team behind USDe, integrates Bitcoin (BTC) as a backing asset for their synthetic dollar-pegged currency. This step is intended to increase USDe’s supply from its current $2 billion level.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Excited to announce that Ethena has onboarded BTC as a backing asset to USDe
 This is a crucial unlock which will enable USDe to scale significantly from the current $2bn supply <a href="https://t.co/FOZRWBrVZV" rel="noopener noreferrer nofollow">pic.twitter.com/FOZRWBrVZV</a>
 — Ethena Labs (@ethena_labs) <a href="https://twitter.com/ethena_labs/status/1775944410011926931?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 4, 2024</a>
</blockquote>
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<h2 id="ethena-price-bulls-signals-a-bullish-trend-continuation">Ethena Price Bulls Signals A Bullish Trend Continuation</h2>
<img decoding="async" class="alignnone wp-image-502907 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/ENA.jpg" alt="Ethena Price" width="1600" height="687" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/ENA.jpg 1600w, https://insidebitcoins.com/wp-content/uploads/2024/04/ENA-300x129.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/ENA-1024x440.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/ENA-768x330.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2024/04/ENA-1536x660.jpg 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
ENAUSDT Analysis By Tradingview
The price of ENA is showing signs of continuing its bullish trend. The buyers have pushed the price up, creating a bullish pennant pattern, indicating that the bullish trend is likely to continue.
The consolidation channel suggests a battle between buyers and sellers over the price. Despite this, the 50-day simple moving average supports the Ethena price, indicating that the buyers may push the price above the pennant.
The relative strength index (RSI) shows a rebound at 48 and below the midline level of 50. If momentum continues to rise, the RSI might enter the overbought territory, which supports the bullish pennant scenario for Ethena’s price.
<h2 id="span-style-font-weight-400-ethena-price-on-the-brink-of-another-bullish-momentum-span">Ethena Price On The Brink Of Another Bullish Momentum</h2>
The buyers are ready to push the price again, potentially creating another wave of bullish momentum that could make some people millionaires. With support from the 50-day simple moving average and RSI, the buyers might seize the opportunity presented by the bullish pennant to push the price to a new all-time high of $1.62.
However, if the sellers step in, the price could fall below the 50-day simple moving average, giving the sellers a chance to push the price down towards the lower boundary of the pennant.
<h2 id="span-style-font-weight-400-smog-the-latest-craze-on-solana-trading-on-mexc-span">Smog: The Latest Craze On Solana, Trading On MEXC</h2>
While ENA bulls are waiting for clear signals of a bullish reversal, investors are piling into <a href="https://insidebitcoins.com/visit/smog" rel="noopener noreferrer nofollow">Smog</a>, a Solana-based meme coin that listed on MEXC last week and is hinting at another top-tier exchange listing soon.
One big draw is the team’s promise of delivering the largest airdrop ever. It’s allocated 35% of the total token supply for this purpose, with Season 2 that started on Apr. 4 prioritizing rewarding on-chain trading activity. The greater your volume of holdings or trades, the larger your airdrop rewards will be for Season 2.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Dragons?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dragons</a>, prepare yourselves for the imminent debut of <a href="https://twitter.com/search?q=%24SMOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SMOG</a> on an exchange! 💰
 Finish all your daily tasks and accumulate as many points as possible before Season 1 concludes! 📊<a href="https://twitter.com/hashtag/SmogSwap?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SmogSwap</a> in Season 2 will prioritize on-chain <a href="https://twitter.com/hashtag/Trading?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Trading</a>! 🔄
 Keep an eye out for updates! 📣
 — SMOG (@SMOGToken) <a href="https://twitter.com/SMOGToken/status/1773349440457245004?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 28, 2024</a>
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Another big attraction is Smog’s <a href="https://insidebitcoins.com/visit/smog" rel="noopener noreferrer nofollow">staking feature</a>, which offers an annual percentage yield (APY) of 42%. 
According to 99Bitcoins, a YouTube channel boasting over 700k subscribers, further listings on centralized exchanges (CEX) might see Smog explode by another 100x.
<iframe title="Last Chance To BUY SMOG... Next 100X Solana Gem?! $SMOG COIN UPDATE" width="640" height="360" src="https://www.youtube.com/embed/bBoIF3_XIrY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
With the MEXC listing in the bag and the likelihood of an additional exchange launch coming soon boosting sentiment around SMOG, now might be a perfect time to buy.&nbsp;&nbsp;
The best place to buy is on the official website, which is offering a 10% discount for a limited period. You can buy SMOG tokens by swapping ETH or USDT, or with a bank card.&nbsp;
<a href="https://insidebitcoins.com/visit/smog" rel="noopener noreferrer nofollow">Visit the official website to buy Smog here</a>.&nbsp;
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Ethena Price Prediction: ENA Pumps 4% As Traders Rush To Build XP For This New Meme Coin’s Massive Airdrop

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