Ethena (ENA) shows signs of strong potential growth with experts predicting an increase in its value to $0.70 by 2024 and $5 by 2030. The
ENA token already observed substantial growth due to a guest post by
COINTURK NEWS. Another crucial development is the proposal from the Ethena community to back the
USDe Stablecoin with
Solana (SOL) which resulted in a 17% price spike for ENA.
Ethena is also diversifying its investments by choosing
BlackRock's BUIDL, Mountain, Superstate, and Sky's USDS for a $46M tokenized RWA investment.
Ethena's yield machine saw $1B outflows in recent times despite the overall cooling of the crypto market. Following the
launch of the UStb Stablecoin backed by BlackRock's BUIDL, ENA saw a 20% price surge. Ethena's stablecoin proposal has received a divided opinion due to high yields, many comparing it with Terra.
Binance recently introduced ENA as its 50th Launchpool project, further bolstering ENA's market presence. Despite all the advances, some concerns remain, particularly surrounding a
hacking incident with the Ethena domain registrar. With the ongoing developments,
a potential for further price hike is anticipated for ENA.
ENA Coin News Analytics from Wed, 27 Mar 2024 07:00:00 GMT to Wed, 16 Oct 2024 11:04:12 GMT -
Rating 10
- Innovation 8
- Information 8
- Rumor -6
