Ethena (ENA) has been gaining significant momentum, with market participants predicting a price target of $7 amid strong tailwinds from the ongoing altcoin season.
Binance's recent listing and the hope of a $500m buyback fueled the surge in the token's price.
BlackRock's executive threw his weight behind Ethena's stablecoin proposal, pointing to the immense opportunities in its
Hyperliquid stablecoin project. On the funding front,
StablecoinX has expanded its financing strength by raising $890m for Ethena's treasury. This move, coupled with a massive capital injection from
StablecoinX, has led to a 12% rally in the ENA token. Analysts anticipate the support at $0.79 to serve as a launchpad for the token's price, predicting a breakout fueled by USDe expansion. Despite volatile market conditions and concerns about the potential downside of other digital assets like Bitcoin, ENA continued its upward movement. Experts forecast a breakout above $0.77, predicting the possible attainment of the $1-1.50 range. The arrival of ENA on the digital currency scene marks a seismic shift in the stablecoin landscape, with the altcoin now considered a formidable contender in the Hyperliquid USDH stablecoin arena. The ENA coin has shown remarkable resilience in the face of past market turbulence and even at the current 17% drop, is expected to maintain bullish momentum. Innovation and creativity are at the heart of Ethena's business strategy with the addition of USDe to its fiat on-ramp. From indications, a potential rise to $2.4 and $1.18 in the near term is within sight. As altcoin season rages on, Ethena has substantiated its reputation as a project to watch with its steady gains. With the recent placement of Ethena’s USDe stablecoin, ENA has witnessed an 8% rally, revealing the altcoin's profound resilience even amid a market dip.
ENA Coin News Analytics from Tue, 22 Jul 2025 07:00:00 GMT to Wed, 10 Sep 2025 22:00:13 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
