Ethereum Name Service (ENS) and Ethena (ENA) Crypto Prices Are Pumping, Here\'s Why

The prices of Ethereum Name Service (ENS) and Ethena (ENA) have surged, largely driven by the rise in the price of Ethereum (ETH).

The prices of Ethereum Name Service (ENS) and Ethena (ENA) have surged, largely driven by the rise in the price of Ethereum (ETH). The primary catalyst for this market movement is the U.S. Securities and Exchange Commission’s (SEC) decision to stop its investigation into Ethereum 2.0, which has boosted overall market sentiment and confidence in the Ethereum ecosystem.

Ethereum Name Service, a distributed, open, and extensible naming system based on the Ethereum blockchain, has seen its native token, ENS, surge by 17.23% in the past 24 hours. Several analysts have expressed bullish sentiments towards ENS.

On the other hand, Ethena, a decentralized finance (DeFi) platform, has also witnessed a price increase, with its native token, ENA, rising by 6.64% in the past 24 hours. Ethena has introduced new tokenomics and use cases for ENA.

News source：https://www.kdj.com/cryptocurrencies-news/articles/ethereum-service-ens-ethena-ena-crypto-prices-pumping.html

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