Ethena 130% Rally Driven by $260M Buyback Engine

Ethena (ENA) is leveraging Bitcoin funding volatility to fuel its buyback strategy, creating a $260 million engine that has driven a 130% price rally in July. According to the latest market analysis, Ethena repurchased 83 million ENA tokens in three days, supported by $2 billion in capital inflows. The project’s stablecoin market cap has reached $7.3 billion, with sUSDe offering a 10.29% APY to sustain user engagement and liquidity [1].

Cronos (CRO) is showing strong price momentum, with a 13.5% increase over the past week and trading volume rising 45% to $48 million. The token has rebounded from key support levels between $0.055 and $0.105 and is currently testing resistance near $0.17. A successful break above this level could propel the price toward $0.23, supported by a bullish MACD crossover and an RSI that remains below overbought territory. Sustained buying pressure will be key to maintaining this upward trajectory [1].

Meanwhile, BlockDAG (BDAG) has demonstrated a straightforward and scalable mining model through its X1 and X10 miner setup. The X1 mobile app allows users to earn up to 20 BDAG daily without additional hardware, while pairing it with the X10 miner can generate up to 200 BDAG per day. At the current presale rate of $0.0016, this translates to $0.32 in daily earnings. If the token reaches the projected $0.05 launch price, daily earnings could rise to $10, or approximately $300 monthly, from a single mining setup. The project has already attracted 2.5 million users on the X1 app and raised $355 million in presale funds [1].

While Ethena and Cronos are relying on market mechanics and investor sentiment to sustain their respective rallies, BlockDAG offers a deterministic earning model that bypasses speculation. The platform’s approach aligns user rewards with tangible output, using a clear formula based on token price and mining output. This contrasts with the volatile strategies of other projects, positioning BlockDAG as a potential long-term earnings vehicle for early adopters [1].

Source: [1] Cronos Eyes $0.23, Ethena Triggers 130% Rally, While BlockDAG’s X1 + X10 Miner Shows Users How to Earn 200 BDAG Daily (https://cryptonewsland.com/cronos-eyes-0-23-ethena-triggers-130-rally-while-blockdags-x1-x10-miner-shows-users-how-to-earn-200-bdag-daily/)