Ethena (ENA) has been a prominent focus in the cryptocurrency market, displaying multiple aspects that can greatly influence its behavior. ENA is currently showing signs of a potential breakout toward $0.95, but also faces stiff resistance despite rumors fixing on an imminent Coinbase listing. As ENA is targeted to break out to $0.34 before listing, a mysteriously accumulating whale is also pointed out, but also a 8% price drop despite the Coinbase hype. The cryptomarket trends seem to be inclining towards BlockDAG, with projects such as
Dogecoin and Ethena showing mixed signals. ENA seems to be planning for a
Q2 mainnet launch with Securitize, aimed at RWA-focused Blockchain and planning to leverage Arbitrum and Celestia.
This May, Ethena's post-unlock recovery seems promising, with a pump of 16.5% in the ENA price, and a potential opportunity to break $1. However, the price has dropped 20% past week and analysts are beginning to sound the alarm for the ENA crypto unlock event today. Strikingly, Ethena plans to roll out USDtb Stablecoin backed by
BlackRock's Tokenized RWA. This is besides featuring on Bithumb's KRW market that came along with an airdrop event. On top of it, Coinbase added Ethena to its listing roadmap that led to a 8.6% price surge. Also, despite this increase, ENA lost key support, extending a 70% price decline.
In the medium term, Ethena project managed to raise $100 million to fund finance foray, even though Asian Labs, Ethena's partner, disengages from German market following an agreement with
BaFin.
ENA Coin News Analytics from Thu, 26 Sep 2024 07:00:00 GMT to Wed, 11 Jun 2025 16:14:23 GMT -
Rating 5
- Innovation 2
- Information 9
- Rumor -3
