The closely subsequent analyst says that the total market capitalization of the five largest stablers reached a height, never before.
Crypto Trader Ali Martinez tells his 131,400 subscribers on the Social Networks platform X that the five best crypto assets in dollars on market capitalization have a total estimate of $ 204.7 billion.
According to Coingecko, the five largest stubs on the market include USDT Tether USDT, USDC Circle, USDC, USDS, Ethena Usde and DAI.
Stablecoin market capitalization offers more purchasing power aside. This may also assume that investors unload their crypto assets in favor of coins with those in dollars.
Looking at Eten (ENA), a decentralized protocol designed to provide a crypto-alternative to the traditional banking system, Martinez says that Altcoin sews a bull signal based on a consistent Tom Demark indicator.
Traiders use the TD sequential indicator to predict potential changes in tokens based on the closure of prices for 13 previous bars or candles.
“Ethena ENA flashes bull signals! The purchase signal from the sequential TD indicator in a weekly diagram in combination with the candlestick of the hammer, with the support of key support, suggests that a strong rebound may be ahead. ”
A model of a hammer candle, as a rule, is considered as a bull signal of handling a candle indicating demand.
At the time of writing, ENA is trading for $ 0.44.
The trader adds that the decentralized network network chain Oracle (LINK) and the modular blockchain Celestia (Tia) also show signs of potential rebound based on the sequential indicator TD.
At the time of writing, the link costs $ 14.30, and Tia is traded for $ 3.11.
