Ethena (ENA) has been under the spotlight with numerous updates and developments. In recent events, Ethena witnessed a significant
outflow from its Yield Machine as the crypto market cooled, however, some good news seem to be in the pipeline. The
price predictions for ENA coin are optimistic with estimates of it reaching
$1.5 and even crossing the
$10 mark by 2024-2030. Significant whale activity has been observed, further fuelling the coin's recovery. However, the ENA token also experienced some tumultuous times with one whale losing $13 million as the token plummeted 30% within a week. Cloudbet has integrated the
Ethena USDe (sUSDe) stablecoin and ENA tokens, while Binance introduced Ethena as the 50th Launchpool Project. Despite significant price drops, various
price forecasts hint at a potential bullish surge, with ENA eyeing to reclaim $1. Additionally, the enhanced staking rewards by Ethena Labs provided a boost, triggering a 15% increase in ENA's price. Several updates to ENA's tokenomics were put into effect by Ethena Labs. The integration with exchange wallets announced by Ethena marks a significant attempt to improve its operability. There have also been concerns about Ethena being a scam coin, however, the project continues to make strides in the market.
ENA Coin News Analytics from Wed, 27 Mar 2024 07:00:00 GMT to Tue, 10 Sep 2024 17:10:00 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 1
