Crypto Market Movers: GPS, Ethena, Polkadot Surge in Last 6 Hours
GPS Token +7.5%
The GPS token, launched in January 2025, has quickly become a significant player in the crypto space with over $5 billion in total spot volume and $10 billion in derivatives volume this year. It is currently trading at $0.0338, marking an 8.68% increase in the last 24 hours.
#GPS is gaining traction due to its focus on addressing e-commerce demand and last-mile delivery challenges, which are critical issues in logistics and supply chain sectors. The token’s rapid adoption and high trading volumes reflect growing investor confidence and real-world utility integration. Despite a recent dip caused by market volatility and regulatory changes, GPS continues to show resilience.
Given the strong fundamentals and increasing market interest, GPS is likely to maintain upward momentum in the near term. However, investors should watch for potential volatility linked to broader market conditions and regulatory developments. A cautious estimate places GPS price continuing to rise modestly toward $0.04 if current trends hold.
Ethena (ENA) +7.19%
Ethena (ENA) has surged over 12% recently, buoyed by StablecoinX’s $530 million capital raise and expanded holdings in the protocol. The token benefits from a growing user base of approximately 83,800 holders and generated $151 million in revenue last quarter.
#ENA is positioning itself as a key player in the synthetic stablecoin market, with strategic moves by Ethena Labs aimed at stabilizing token supply and enhancing ecosystem value. The launch of new exchange-traded products (ETPs) by 21Shares further increases regulated exposure to ENA, attracting institutional interest.
With strong revenue generation and increasing institutional backing, ENA’s price is expected to continue its upward trajectory. However, market dynamics around synthetic assets remain complex; thus, a moderate rise toward $1.50 seems plausible before any significant corrections.
Polkadot (DOT)
Polkadot (DOT) rallied 13% recently after breaking above a key resistance level, reaching around $2.26 on increased trading volume. This surge reflects renewed investor optimism about Polkadot’s interoperability solutions and upcoming network upgrades.
#DOT remains a foundational layer-1 blockchain project focused on enabling cross-chain communication and scalable decentralized applications. Its strong technical fundamentals and active developer community continue to drive adoption and price appreciation.
Given the breakout above resistance and solid ecosystem growth, DOT is likely to sustain its bullish momentum short-term. A target price near $2.50 appears achievable if market conditions remain favorable.
