Ethena’s (ENA) DeFi activity will rise in Q2 2024. Bitcoin Cash (BCH) could soar due to the ongoing market recovery.
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Excitement is growing over Ethena’s (ENA) Season 2 launch. According to Ethena Labs, Season 2 will align $ENA’s growth with USDe. It will also bring a 50% increase in rewards for stakers on Ethena (ENA).
The news comes amid Ethena’s (ENA) April price surge. ENA traded at $0.7838 on April 2. It rose by 38.91% to $1.0888 on April 6 before increasing by 19.06% to $1.2964 on April 8.
Analysts say increased staking rewards will boost DeFi activity on Ethena (ENA). This would also boost investor interest in Ethena (ENA) following the surging volume of USDe. Analysts say increased staking activity could also boost demand for ENA, pushing its value up by 15.7% to $1.5004.
Bitcoin Cash (BCH) has dominated many news sites in recent days after the completion of its long-anticipated block reward halving. On April 4, 2024, Bitcoin Cash slashed its block rewards to 3.125 BCH. A few weeks before, 230,000 new investors had joined the Bitcoin Cash (BCH) network amid its surging demand.
Bitcoin Cash’s BCH token traded at $442.52 on March 13. It rose by 21.98% to $539.79 on March 11. BCH climbed by 10.15% to $594.63 on April 3 before soaring by 14.46% to $680.66 on April 8.
Bitcoin Cash (BCH) could rally further due to excitement around Bitcoin forks. BTC’s recent return to $70,000 in April has boosted demand for
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