↑ ENA Coin Sees Bullish Momentum amid Controversies
Investors' eyes are on Ethena's digital token, **ENA**, as the cryptocurrency garners considerable attention within the market. Ethena has recently...
From a price overview to projections into 2024, Ethena (ENA) has been widely covered. Looking at recent movements, we have observed a fluctuation including a surge of 13.5%, a fall of 35%, and rising 15% after an increase in staking rewards. ENA was even listed among top picks for 2024 by a Dogecoin Millionaire along other coins such as ETFSwap (ETFS), Floki (FLOKI) and Worldcoin (WLD).
Ethena Labs updated ENA's tokenomics and brought critical changes, causing somewhat of a divide within the community. Some were not entirely accepting of the amendment. Meme coins have been grabbing attention lately and the focus was also on upcoming meme coin exchange listings while ENA's price was falling.
Ethena announced changes related to its Solana version of the USDe stablecoin and the ENA Token was integrated into Cloudbet. BlackRock also made a pitch for Ethena's RWA investment plan causing a 22% rally. Reports were also released about a $1B outflow witnessed at Ethena's Yield Machine.
Furthermore, Ethena Labs warned users to stay away following a domain registrar hack. It has been speculated that Ethena's USDe stablecoin will not lose its peg in 2024, the same year Ethena has been predicted to become the highest revenue-generating crypto project according to Delphi Labs CEO.
As for partnerships, Ethena selected Coinbase Prime for multi-product agreements, with Coinbase also chosen for custody and wallet services. Binance introduced ENA as its 50th Launchpool project. Recently, ENA was listed on main exchanges, along with whale investor support gained.
ENA Coin News Analytics from Wed, 27 Mar 2024 07:00:00 GMT to Wed, 18 Sep 2024 19:08:18 GMT - Rating 5 - Innovation 8 - Information 8 - Rumor 4