Ethena, famously known for the development of the
USDe stablecoin, has been actively progressing in the cryptocurrency market. Recently, it managed to raise an impressive $100M in funding to support the launch of a new token. Furthermore, Ethena continues to attract significant institutional investments like MEXC’s $20M investment into USDe. Its popularity has led to cryptocurrency trading platforms, such as Bitcoin Suisse and Bithumb, listing ENA for trading and custody.
ENA has been showcasing notable price movements, with indications towards new all-time highs despite minor pullbacks. Additionally,
Ethena has debuted a new stablecoin, UStb, backed by Blackrock’s $500M BUIDL fund in bid to complement USDe. With strategic alignments, including a partnership with Derive and the projected expansion plans, the predictions for ENA’s price are bullish, forecasting a breakout towards $2. The token has gained traction from the likes of
Arthur Hayes and Donald Trump’s World Liberty Financial which acquired a whopping quantity of ENA tokens, fuelling price surges. Despite some market doubts and potential sell-offs, market analysts maintain an optimistic perspective toward the coin’s potential growth. Noteworthy is Ethena’s synthetic dollar, as part of their 2025 roadmap – a move towards targeting TradFi adoption. The token continues to show active performance in the market, even gaining a 26% rise recently with analysts predicting a rally towards $1.72.
ENA Coin News Analytics from Thu, 28 Mar 2024 12:24:32 GMT to Tue, 04 Mar 2025 19:29:09 GMT -
Rating 7
- Innovation 8
- Information 10
- Rumor 5
