Ethena (ENA) seems to be having a volatile journey. The altcoin has been suggested as a strong contender for growth in the cryptocurrency market, with analysts predicting a significant
price recovery and a possible increase to $0.8 by the end of 2025. As a result of Bitcoin's rise over 103k, Ethena has been named a top gainer in the market. Ethena and Securitize are targeting a Q2 mainnet launch for RWA-focused blockchain, involving Arbitrum and Celestia.
However, controversy has followed the coin as well. Ethena was forced to exit the German market over regulatory scrutiny towards its
USDe stablecoin. This comes despite raising $100 million to introduce a new token and signaling potential price recovery. One significant development came when BlackRock backed Ethena's USDtb stablecoin, aiming to reduce USDe risks.
ENA has been listed on Bithumb's KRW market with an airdrop event, creating a surge of interest. However, the coin's price fails to keep pace with its TVL nearing $6 billion. Ethena is focusing on various development initiatives, such as the integration of the USDe stablecoin with the TON Blockchain for Telegram users. Students of the market should observe Ethena's $728M ENA unlock's impact and Ethena's roadmap being unveiled.
ENA Coin News Analytics from Fri, 22 Nov 2024 08:00:00 GMT to Wed, 14 May 2025 04:55:45 GMT -
Rating 4
- Innovation 6
- Information 5
- Rumor -1
