Ethena (ENA) is at the center of various market dynamics including price predictions, partnerships, features, token use cases, and speculations. Its partnership with
Coinbase Prime for a multi-product arrangement and integration with exchange wallets serve as favourable developments.
ENA's tokenomics have been assaulted with forced vesting and additional use cases.
ENA Price seems set to cross the $1.5 target, propelled by whale activity. However, it suffered a blow when a whale lost $13 Million, following a 30% token value plummet within a week. Speculations are rife that the ENA price could cross $10 by 2024-2030. Disquiet about
Ethena's USDe stablecoin and
Ethena Labs' high yield stirring memories of Terra is perceptible. Jetsbolt's projection ahead of Ethena, and other altcoins, in a 2024 'to explode' list is a knock on
Ethena. Cloudbet's integration of USDe stablecoin and ENA tokens is positive, but the market cap of USDe shrinking by $770M within two months, rings alarm bells. Contrastingly, Ethena Labs'b USDe made a bold move launching on the Solana network. Is Ethena a scam coin, though? That's a question on some investors' minds. Also, there's speculation about the consequences if Ethena's USDe stablecoin loses its peg in 2024.
Binance integrating Ethena as its 50th Launchpool Project, and
Bybit endorsing USDe Token as collateral for derivatives trading is a confidence boost. Amid these, the
Ethena price is aiming to rally 87% with bullish cues, and Bybit partnership aiding to boost the price target amid high trader activity.
ENA Coin News Analytics from Wed, 27 Mar 2024 07:00:00 GMT to Fri, 30 Aug 2024 14:40:42 GMT -
Rating 3
- Innovation 7
- Information 2
- Rumor -4
