Weekly Market Review: ENA, CORE, CKB, PENDLE, XEC

New projects have dominated the space this week, as a couple of newly launched tokens managed to post gains. The pumps can be generally attributed to a reaction to the coming halving event, with many tokens now recovering from the previous corrections, which were seen as a result of the ETF-stirred market rally.

Ethena Price Review

Having made several headlines with several pumps, Ethena (ENA) has emerged as this week’s top gainer, posting remarkable gains. Ethena, trading at $1.20 as of press time, had seen a 74.94% pump from its previous seven-day price, as its market cap stood at $1.6B during the same period.

Ethena’s pump can be attributed to its recent listing on the Binance exchange, which made the token more available. This event has since seen the token’s community grow more enthusiastic. On, April 2nd, Binance announces the introduction of ethena to Binance Launchpool.

Core DAO Price Review

Core DAO (CORE) has also emerged among the top gainers today ahead of an eventful week. Core DAO (CORE), trading at $2.67 as of press time, had seen a 55.7% pump from its previous seven-day price, as its market cap stood at $2.3B during the same period while the trading volume stood at $173M.

This week, the Core DAO price pump can be attributed to a recent partnership between stc Bahrain and Core Chain, which aims to develop blockchain in the region. According to the firm, the collaboration is the foundation of stc Bahrain’s Web3 Launchpad initiative. 

Nervos Network Price Review

Nervos Network (CKB) was another gainer in today’s session, as the altcoin also managed notable gains over the seven days. Nervos Network, trading at $0.02667 as of press time, had seen a 34.4% pump from its previous seven-day price, as its market cap stood at $1.1B during the same period while the trading volume stood at $173M.

The pump over the seven days can be attributed to its fast goring community. The token’s protocol recently announced it had reached 10,000 followers, showing the fast-growing user base. Moreover, with a fun activity coming soon, there has been much enthusiasm among the community stirring the pump.

Pendle Price Review

Pendle (PENDLE) is another top gainer today, as the token also managed to post some notable gains. Pendle, trading at $6.63 as of press time, had seen a 27.17% pump from its previous seven-day price. During the same period, its market cap stood at $1.5B, while the trading volume stood at $199M.

The altcoin’s pump over the seven days can be attributed to recent developments in the town’s network that might have caused some enthusiasm. Recently, Quantstamp welcomed pendle finance to the growing list of protocols of its supported DeFi Protection, allowing its users to protect up to $250K of their assets.

eCash Price Review

eCash (XEC) is among the top gainers this week as it wraps up our list. As of press time, eCash, trading at $0.00007898, had seen a 19% pump from its previous seven-day price. During the same period, its market cap stood at $1.5B, while the trading volume stood at $348M.

Recent updates on different exchanges regarding the token’s withdrawal fees can be attributed to this week’s pump.  Two prominent Korean exchanges,  upbit global and BithumbOfficial, announced the reduction of eCash withdrawal fees from 1000 $XEC to 500 $XEC earlier this week, which might have stirred quite some enthusiasm in the token’s community.

Source: https://blockchainreporter.net/weekly-market-review-ena-core-ckb-pendle-xec/