The cryptocurrency market is buzzing with discussions revolving around
ENA coin or
Ethena, with substantial emphasis on its potential price rally. Ethena is curving a niche for itself as it nears a substantial
$0.50 support, sparking speculations of a likely
breakout. This has created a golden investing opportunity with a high promise of solid profits. Key signals show a plausible reversal of Ethena's crashing price along with a strategic partnership that has resulted in a 10% price jump. Over 740,000 ENA tokens were bought by the Trump-backed World Liberty Financial with a significant rise noticed following Ethena's 2025 roadmap launch. As part of its strategic initiatives, Ethena has rolled out the
USDtb stablecoin backed by
BlackRock's Tokenized RWA in a bid to mitigate USDe risks. Furthermore, Grayscale has listed ENA among its high potential tokens for Q1 2025. Under the wings of Ethena Labs, USDtb token was officially launched backed by BlackRock in response to the increased demand for high yield USDe. Price predictions through to 2030 suggest that the ENA coin could cross
$2 threshold, further fueled by viable partnerships such as with
Onchain Derivatives Protocol Derive. The coin's success can also be attributed to increased interest from high-profile individuals such as Arthur Hayes, who has been actively buying ENA.
ENA Coin News Analytics from Thu, 28 Mar 2024 12:24:32 GMT to Tue, 11 Feb 2025 09:31:30 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -1
