Top Trader’s Pick
A renowned crypto trader, known as Flow Horse, has identified Ethena (ENA) as a promising altcoin investment opportunity. ENA is an Ethereum-based DeFi token that aims to provide a stable and scalable form of currency.
Potential for Growth
Flow Horse believes that ENA has strong potential for growth, particularly in light of recent developments with Ethereum. He notes that the approval of Ethereum ETF filings by the SEC could drive up demand for ETH and related assets.
Ethereum Focus
Despite his optimism for ENA, Flow Horse emphasizes that he remains primarily focused on Ethereum. He believes that ETH has been undervalued and expects it to make significant gains in the future.
ETF Approvals
The SEC has approved Ethereum ETF form 19b-4 filings from several major financial institutions. However, the approval of their S-1 registration filings is still pending.
Current Market Value
At the time of writing, ENA is trading at $0.848, while ETH is trading at $3,738. Both assets have experienced significant gains in the past week, with ENA up 15% and ETH up 24%.
