Ethena Price Prediction: ENA Surges 65% In A Week, But Experts Say This World-First AR/VR Crypto May Be The Best Crypto To Buy Now

The Ethena price rose 4% in the last 24 hours and 65% in a week to trade at $1.35 as of 00:18 a.m. EST on trading volume that dropped 27% to $1 billion.

This comes as the team announced an increase in staking rewards in its Season 2 update. With the update, users who lock $ENA at a minimum of 50% of their total USDe holdings per wallet will have a 50% increase in their wallets.

Ethena also introduced a Bitcoin purchasing and shorting strategy for yield generation, building on the same approach previously applied to Ether.

Ethena Price Set To Sustain Its Surge Within The Rising Channel

Ethena Price Chart Analysis
ENAUSD Chart Analysis

After its launch, the Ethena price rallied within a week to record an all-time high of $1.40 on April 9. Even with the price being just a fraction of a percentage down, ENA is still trading upward within the confines of a rising channel pattern.

The uptrend signals a breakout rally, with the altcoin acquiring momentum that may push the price to new highs. ENA is also trading above the 50-day Simple Moving Average (SMA), indicating an upward potential for the price.

Furthermore, the Relative Strength Index (RSI) is rebounding from oversold levels towards the overbought region, currently at 61. This suggests intense buying pressure and sustained investor optimism.

Ethena Price Prediction

The Ethena price Analysis indicates ENA remains in bullish momentum within the rising channel pattern. The bulls aim to leverage RSI momentum for increased buying, targeting a new ATH of $1.8.

However, if bears dominate at this level, ENA might dip below the rising channel’s lower boundary to $1.25, aligning with the 50-day SMA.

Meanwhile, as the Ethena price surges, investors are also rushing to diversify their portfolios with 5thScape, the world’s first ever AR and VR crypto project.

5SCAPE Stage 4 Draws Investors As It Races Towards $5 Million

5thScape (5SCAPE) is emerging as a pioneer in virtual reality (VR) and augmented reality technologies, positioned as the world’s first-ever AR and VR ecosystem in crypto to connect the most brilliant minds.

The project brings in transformative Features like VR games, movies, education, and devices, leveraging software and hardware advancements to deliver unparalleled experiences to users.

The development team is set to launch different games, including the MMA Cage Contest, Thrust Hunter, and Archery Master.

With such an innovative vision and the general potential to reshape the VR and AR ecosystem, the project has continued to draw significant interest. The presale is currently in its fourth stage, having gathered over $4.7 million as it swiftly approaches its $5 million target.

According to 99Bitcoins, a crypto YouTube channel with over 700K subscribers, 5SCAPE has the potential to surge by 100X after its launch.

The development team is gearing up to launch $5SCAPE at $0.01, which means that buying now at $0.00285 per token locks in gains of about 250% before listing.

You can join the presale by swapping ETH, MATIC, USDT, or BNB for 5SCAPE tokens on the official website here. You can also buy directly with a bank card.

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