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ENA Crypto Assets have performed remarkably in recent times, maintaining a rising trend since July 25, with a maximum increase of 40%. There are multiple driving factors behind this sustained strength:
First, ENA has received support from the Trump family and has collaborated with a stablecoin company under BlackRock. This high-profile endorsement has brought significant confidence to ENA.
Secondly, a recently passed bill has had a positive impact on the entire decentralized finance (DeFi) market. In the current Crypto Assets market environment, stablecoins are becoming a highly focused hotspot.
Additionally, it is noteworthy that the stablecoin issuer StablecoinX is planning to go public on Nasdaq, expecting to raise $260 million. They plan to use $5 million daily to buy back ENA, a move that is expected to alleviate the selling pressure in the market.
Currently, the Crypto Assets market has generally stabilized, and Bitcoin and Ethereum seem to have bottomed out. As one of the outstanding tokens in the Ethereum ecosystem, ENA is likely to further pump with Ethereum's rebound.
For those investors who have not yet entered the market, this may still be a relatively ideal entry point. However, the crypto assets market is fraught with risks and opportunities, and investors must be cautious in making decisions, fully assessing their own risk tolerance.