The crypto world never ceases to surprise, with dazzling price fluctuations. Today, three altcoins particularly shone: Core (CORE), Celestia (TIA) and Ethena (ENA). Let’s dive into the latest developments of these promising projects.
Core (CORE) and Celestia (TIA) boosted by promising developments
Core (CORE), a Tier 1 blockchain aligned to Bitcoin and compatible with the Ethereum Virtual Machine (EVM), saw its price jump 56% to $2.2857 in the last 48 hours, supported by an increase of 256 % of transaction volume. Currently, CORE is trading at $2.175.
The rise comes as the Core Foundation is hosting a private event at Token2049 Dubai, to be held from April 18-19, to bring together Bitcoin-aligned projects to discuss its scaling.
From a technical point of view, CORE seems to be taking off since last weekend's fall which shook the entire crypto market, caused by geopolitical tensions between Iran and Israel.
Meanwhile, Celestia (TIA), the first modular blockchain network, recorded an impressive performance of over 10% in the last 24 hours, attracting the attention of many traders and analysts. According to Crypto analyst Tony, the $11.70 level is crucial to confirm a bullish recovery after a sharp decline.
At the time of writing, TIA is trading at $10.474, up 10.45% on the day. Celestia aims to facilitate the deployment of blockchains by decoupling execution from consensus. This modular architecture ensures scalability and opens new scaling possibilities for developers.
Ethena, a bullish wave driven by whale interest
The ENA token ofEthena gained 3.18% to $1.16, supported by a whale that withdrew 18.12 million tokens. The USDe stablecoin protocol also released detailed reports confirming USDe collateral, boosting investor confidence.
Built on Ethereum, Ethena aims to create a crypto-native synthetic dollar, independent of the traditional banking system. As of April 15, USDe supply totaled $2.359 billion, the majority of which is held by reputable custodians such as Copper and Ceffu. Ethena ensures liquidity is maintained through a reserve fund of $32.71 billion.
Supported by growing interest from “whale” investors, the token Ethena (ENA) is riding a bullish wave. The market capitalization now reaches $1.666 billion. According to several analysts, technical indicators suggest sustained buying pressure on ENA.
In a turbulent market, Core, Celestia and Ethena are doing well thanks to solid fundamentals. Their innovative approaches in terms of architecture and transparency appeal to a crypto community in search of new benchmarks. It remains to confirm these impulses in the long term.
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