Ethena (ENA) has been navigating a range of market developments recently. ENA defended its $0.37 support level, indicating the potential for a price recovery. MEXC Ventures poured a sizeable $36m into Ethena and USDe indicating a growing demand for stablecoin. There's speculation that the
ENA price could rally by 75%. Also noteworthy is the impact of Ethena's $728m ENA unlock on March 5. Furthermore, Ethena has a price prediction stretching to 2030, with estimates that ENA price could cross the $2 mark.
Ethena recently raised $100m to launch a new token, with the crypto price increasing by over 20%. The ENA price rose by 16% following the unveiling of the company's 2025 roadmap. A sell-off appears to have gained momentum causing a minor struggle for ENA. The launch of iUSDe is imminent and there are multiple buy signals for Ethena.
Ethena also launched the USDtb stablecoin backed by BlackRock's Tokenized RWA. There are indicators hinting at a 25% rally for ENA despite recent whale dumpings. In other news, ENA was listed in the KRW market on Bithumb with an airdrop event.
Ethena's price saw a minor pullback and it appears $1 is on the horizon. It saw a price jump of 7% as USDe entered the top three stablecoin list. There is fierce competition within the stablecoin arena, with MEXC investing $20m in Ethena's USDe. The firm also raised $100m to fund a new token aimed at traditional finance. Ethena has also launched a USDtb stablecoin backed by BlackRock's $500m BUIDL fund to reduce USDe risks. In light of its current trajectory, there are suggestions that the Ethena price could rebound soon.
ENA Coin News Analytics from Thu, 28 Mar 2024 12:24:32 GMT to Wed, 12 Mar 2025 16:31:58 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -4
