Ethena's token,
ENA, has seen a significant surge in its price, recording a 7% increase as its stablecoin,
USDe enters the top three stablecoin list. Demand for high yield has boosted Ethena's USDe to become the third-largest stablecoin. Ethena is adopting a fee-sharing proposal for the ENA token, perhaps prompting further interest and investment into the coin. Over the last 30 days, the token provided a return of 85%, showcasing a strong bullish trend.
Notably, notable crypto-investor Arthur Hayes cashed out when Ethena's price skyrocketed by 20%. Ethena and
Securitize have been involved in an anticipated pitch for an upcoming $1 billion tokenization play, powered by
BlackRock. Given these developments, analyst forwards a bullish target for the similar Ethereum-based Dogecoin, reigniting the potential for ENA and a new Meme Coin to hit $1 by 2024.
In the wake of a price shooting of 22% amid heavy ENA accumulation by Hayes again, an analyst has predicted an eye-catching 65% upside for
Ethena. Riding this wave, the launch of its BlackRock-backed UStb stablecoin is highly anticipated, with rumors suggesting that it will be complementing with the existing USDe.
However, claims over mishandling 180 million ENA tokens were dismissed by Ethena Labs. Looking ahead, a price prediction anticipates that ENA could reach, initially $0.70 by 2024 and eventually soar to $5 by 2030.
ENA Coin News Analytics from Fri, 29 Mar 2024 07:00:00 GMT to Wed, 04 Dec 2024 15:37:28 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -3
