While the cryptocurrency market is currently experiencing a downturn, with many tokens seeing significant price drops, this may present a prime opportunity for savvy investors to buy low before prices rebound.
In this article, we spotlight three cryptocurrencies—Chainlink (LINK), Ethena (ENA), and Ethereum (ETH)—that continue to show strong growth potential, even amidst the slump.
Ethena (ENA)
What is it?
Ethena is a decentralized stablecoin protocol built on the Ethereum network, with ENA serving as its governance token. The platform’s primary stablecoin, USDe, is pegged to the U.S. dollar and offers price stability in both centralized and decentralized finance (CeFi and DeFi). Ethena uses delta hedging with financial derivatives and liquid stablecoins like USDC and USDT to maintain USDe’s peg. ENA holders have governance rights to vote on protocol upgrades, risk frameworks, and other decisions.
Price Trends:
- -66.2% over the past year
- -9.4% over the last week
Recent Developments:
In February of 2025, Ethena Labs secured $100 million in a private ENA token sale, with backing from Franklin Templeton, F-Prime Capital, and Dragonfly Capital. These funds will be used to build a proprietary blockchain and launch a token for traditional finance. Ethena also demonstrated resilience during the $1.4 billion Bybit hack, reporting minimal exposure thanks to its off-exchange custody model.
On April 15th, 2025, Ethena partnered with Alchemy Pay to launch fiat on-ramps in over 173 countries, allowing users to purchase ENA and USDe using Visa, Mastercard, Apple Pay, and Google Pay—making the ecosystem significantly more accessible.
Trade ENA on BTSE Spot, Futures, or AutoTrader.
Ethereum (ETH)
What is it?
Ethereum is a decentralized, open-source blockchain platform that supports the development of smart contracts and decentralized applications (dApps). ETH, its native token, is used for transaction fees and network operations. Following its shift from Proof of Work (PoW) to Proof of Stake (PoS), Ethereum has focused on improving energy efficiency and scalability through its multi-phase Ethereum 2.0 rollout.
Price Trends:
- -46.6% over the past year
- +2.3% over the last week
Recent Developments:
Ethereum is set to launch the Pectra upgrade on May 7, 2025, introducing 11 Ethereum Improvement Proposals (EIPs). Key highlights include EIP-7251, which increases the maximum validator stake from 32 ETH to 2,048 ETH, and new smart contract capabilities for wallets. These enhancements are expected to improve transaction speed, reduce costs, and make Ethereum more user-friendly and secure.
After successful trials on the Hoodi testnet, Ethereum developers are confident that Pectra will mark a major performance leap. As reported by CoinDesk in April 2025, these upgrades are anticipated to further cement Ethereum’s leadership in the blockchain space.
Trade ETH on BTSE Spot, Futures, or AutoTrader.
Chainlink (LINK)
What is it?
Chainlink is a decentralized oracle network that connects smart contracts to real-world data sources, APIs, and traditional payment systems. The network’s native token, LINK, is used to compensate node operators for securely delivering external data to blockchain applications.
Price Trends:
- -2.1% over the past year
- +2.3% over the last week
Recent Developments:
On April 4, 2025, PayPal added Chainlink (LINK) and Solana (SOL) to its crypto offerings, enabling U.S. users to buy, sell, hold, and transfer these tokens on both PayPal and Venmo. This move significantly increases mainstream exposure for LINK and reflects increasing demand for real-use crypto assets.
Trade LINK on BTSE Spot, Futures, or AutoTrader.
Get in While You Can
Despite the broader market downturn, Ethena, Ethereum, and Chainlink stand out for their strong fundamentals, ongoing development, and institutional interest. Each of these projects brings a unique value proposition—whether it’s Ethena’s innovative approach to stablecoins, Ethereum’s ever-evolving smart contract ecosystem, or Chainlink’s crucial role in connecting blockchains to real-world data.
For long-term investors, the current dip may present a rare opportunity to enter the market at discounted prices. As the crypto market begins to recover, these assets are well-positioned to deliver meaningful returns.
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