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- Though Arthur Hayes’ prediction was increased, ENA may finish 2024 at $2.5.
- The value of the token may rally towards $15 in 2028 regardless of a bearish forecast for 2027
- In 2030, the value of ENA might be $37.45 relying in the marketplace situation.
It’s one factor to place ahead yield for market members on their greenback or stablecoin holdings. It’s one other factor to supply an interesting one that’s onerous to miss. For Ethena, it chooses the latter.
Ethena correctly launched and has been having fun with quite a lot of hype. On this article, you’ll be taught concerning the concept behind the Ethena mission. Additionally, you will know some extra about ENA, the token of the mission. Moreover, this text will contact on the value prediction from 2024 to 2030.
Ethena (ENA) Actual Time Market Standing
| 🪙 Title | Ethena |
| 💱 Image | ENA |
| 🏅 Rank | #80 |
| 💲 Worth | $0.92442215535 |
| 📊 Worth Change (1h) | -1.36 % |
| 📊 Worth Change (24h) | 52.47 % |
| 📊 Worth Change (7d) | 34.44 % |
| 💵 Market Cap | $1317301571.37 |
| 💸 Circulating Provide | 1425000000 ENA |
| 💰 Complete Provide | 15000000000 ENA |
Ethena (ENA) is presently buying and selling at $0.92442215535 and sits at quantity #80 on CoinMarketCap by way of market capitalization. There are 1425000000 ENA cash presently in circulation, bringing the overall market cap to $1317301571.37.
Over the previous 24 hours, Ethena has elevated by 52.47%. Wanting on the final week, the coin is up by 34.44%.
What’s Ethena (ENA)?
For these unfamiliar, Ethena is an artificial greenback protocol and web native yield mission constructed on Ethereum (ETH). With Ethena, customers can entry a globally-acceptable dollar-denominated instrument which it calls USDe.
Additionally, the mission goals to make sure that its customers are unbiased of the normal finance construction to make transactions. As an alternative, the crypto-native resolution it affords would take the place of those establishments amongst its 117,530 lively customers.
Curiously, Ethena is backed by some bigwigs. One among them is Arthur Hayes, the co-founder and former CEO of BitMEX. Corporations like OKX Ventures, Binance Labs, Dragon Fly, and Bybit Mirana additionally help the mission.
ENA Present Market Standing
ENA’s value as of this writing was $0.84, representing a 23% soar within the final 24 hours. Throughout the similar interval, its buying and selling quantity hit $2.75 billion. This worth meant that ENA had the eighth highest buying and selling quantity out of the cryptocurrencies available in the market.
As per its market cap, it was ranked 84th, with an undiluted capitalization of $1.20 billion. Based on CoinMarketCap, ENA has a most provide of 15 billion tokens. Nonetheless, only one.42 billion have been in circulation.
At present, Ethena has a Complete Worth Locked (TVL) of $1.9 billion and an annual yield that might be as excessive as 35.4%. In the event you intend to purchase ENA, the token is on the market on Bybit, Binance, LBank, and Bitget.
Ethena (ENA) Worth Evaluation
Although Ethena launched solely not too long ago, it is very important take a look at the potential of its native token. Subsequently, this part will concentrate on its short-term evaluation, and the way it can carry out in 2024. Aside from that, you’d uncover the long-term value predictions between 2025 and 2030. Coin Version may also stretch its forecast by trying on the predictions for 2040 and 2050.
Ethena (ENA) Worth Evaluation – Bollinger Bands
On the 15-minute timeframe, ENA swung up and down. In some unspecified time in the future, the token maintained an uptrend. Nonetheless, there have been occasions when bears compelled the value down. ENA’s value motion appeared regular for a token that was launched a number of days in the past.
Indications from the Bollinger Bands (BB) confirmed excessive volatility across the token. Nonetheless, ENA was not overbought but because the higher band of the BB evaded touching the token’s value. It was the identical with the decrease bands. Therefore, the value may rise to $0.93 within the brief. The worst-case bearish state of affairs may see ENA drop to $0.71.
Ethena (ENA) Worth Evaluation – Relative Energy Index (RSI)
On April 3, the RSI fell under the 50.00 midpoint, indicating an increase in promoting stress. The decline might be linked to the way merchants booked income after partaking within the launchpad of the token.
At press time, the RSI had risen to 55.54, suggesting that consumers have been again accumulating the token. If bulls maintain this shopping for momentum, ENA’s value may climb increased. Nonetheless, if bears halt the drive, a pushback under $0.80 might be subsequent.
Ethena (ENA) Worth Evaluation – Shifting Common Convergence Divergence
Regardless of ENA’s current good points, the MACD confirmed that consolidation could be subsequent for the cryptocurrency. At press time, the MACD studying was constructive. Nonetheless, the 12 EMA (blue) and 26 EMA (orange) have been virtually on the similar level.
This place implied that consumers and sellers have been lively available in the market. As such, it might be problem for ENA to concentrate on one course. Subsequently, the following motion might be sideways in accordance with the indicator.
Ethena (ENA) Worth Prediction 2024
In 2024, traders like Arthur Hayes, anticipate ENA’s value to go parabolic. For example, in a put up on X (previously Twitter), Hayes famous that the inflow of the Asian market may drive the value increased. In one other put up, the BitMEX co-founder famous that the value may hit $10.
Whatever the optimism proven, it’s essential to investigate ENA from a technical perspective. Based on the ENA/USD 1-Hour Chart, the Superior Oscillator (AO) was constructive, indicating growing upward momentum.
Coin Version additionally appeared on the Fibonacci extension which confirmed that ENA may rise as excessive as $1.57 within the brief time period. With the state of those indicators, the value prediction for ENA might be increased in 2024. If the remainder of the yr stays bullish, ENA may hit $2.50.
Ethena (ENA) Worth Prediction – Resistance and Help Ranges
From our evaluation, we noticed that bulls camped on the $0.71 help, and this led the token to $0.85. Nonetheless, earlier than ENA hit that value, it confronted resistance at $0.83. However shopping for stress was intense sufficient to clear the trail for an additional upside.
Regardless of the value improve, there was an overhead resistance at $0.90. If bulls can break by means of this resistance, then ENA may get near $1. Nonetheless, rejection at this level may drive the value again towards $0.80.
Ethena (ENA) Worth Prediction 2025
Due to the mouth-watering yield that Ethena affords, the token may expertise a surge in demand by 2025. Ought to this be the case, the value of ENA may rise towards $5 earlier than December of the identical yr.
Ethena (ENA) Worth Prediction 2026
ENA’s uptrend is anticipated to run into 2026. Nonetheless, the value won’t double like its 2025 potential. However it may rise as excessive as $8.75.
Ethena (ENA) Worth Prediction 2027
By 2027, Ethena’s market cap may have decreased and the crypto market might be in a bear section. On this occasion, the worth of ENA may drop to $6.28.
Ethena (ENA) Worth Prediction 2028
ENA’s value may get better in 2028 and probably soar to double-digits. From the elemental and technical evaluation, the value of the token may climb to $15.
Ethena (ENA) Worth Prediction 2029
2029 could be an especially bullish yr for ENA. It is because the form of liquidity the market may get might be unbelievable. Consequently, Coin Version positioned the value prediction at $22.50
Ethena (ENA) Worth Prediction 2030
In 2030, the worth of ENA might be increased. Nonetheless, it won’t be 5 occasions what it might be in 2029. Therefore the value prediction for 2030 is $37.45.
Ethena (ENA) Worth Prediction 2040
On the minimal, ENA’s value might be price $26.47 in 2040. Nonetheless, that doesn’t imply that there aren’t any bullish predictions for the token. If 2040 seems to be a bullish yr for the crypto market, ENA may rise to $43.32.
| Minimal Worth | Common Worth | Most Worth |
| $26.47 | $31.28 | $43.32 |
Ethena (ENA) Worth Prediction 2050
ENA’s value prediction for 2025 might be as excessive as $50.38. The premise for this prediction might be linked to excessive crypto adoption and progress in Ethereum’s ecosystem.
| Minimal Worth | Common Worth | Most Worth |
| $36.35 | $41.26 | $50.38 |
Conclusion
Lastly, it is very important point out that Ethena affords a very good yield that customers may discover onerous to get wherever. Nonetheless, there are considerations if the mission can maintain the momentum of paying out the rewards if the market situation is harsh.
Whereas the CEO has addressed these points, customers may also have to be careful. For ENA’s value, it began on a very good notice. Subsequently, the evaluation of the token means that the worth may go increased. Though there could be drawbacks, ENA has bullish potential on this cycle.
FAQs
ENA is the native token of Ethena, which is an web yield mission developed on the Ethereum blockchain.
ou should purchase ENA on exchanges relying on which one you utilize or are comfy with. A few of the exchanges to purchase ENA embrace Binance, Bybit, and Bitget.
ENA is usually a good funding. However it could be too early to conclude. Nonetheless, the 35.4% Annual Proportion Yield (APY) the mission affords may entice a variety of customers. If so, demand for ENA may surge, and the value of the token may produce great good points.
However that relies upon if Ethena fulfills its promise of the reward initially talked about. Ought to this be the case, then ENA might be a very good funding. If not, it won’t be one to look out for.
The all-time excessive of ENA was $0.89. It occurred on April 4, 2024.
ENA has the potential to succeed in $5 quickly. It could not occur in a number of months. However it might be the scenario in a yr or a bit of below two years from the time of this writing.
ENA’s most provide is 15 billion tokens.
The token can surpass its present ATH as a result of ENA is within the value discovery stage.
ENA’s lowest value was $0.55 on April 2, 2024.
Ethena has a number of founders. However not all of them are within the public area. Nonetheless, Man Younger is the CEO and co-founder of Ethena Labs.
ENA was launched in 2024.
Storing ENA is determined by how security-conscious you might be. You possibly can retailer ENA on the exchanges you purchase from. Aside from that, you possibly can retailer the tokens on a pockets like MetaMask. You even have the choice to retailer ENA on a tough pockets like Trezor or Ledger.
ENA’s value prediction for 2024 might be $2.5.
By 2025, the value of ENA is anticipated to hit $5.
ENA’s value may attain $8.75 in 2026
In 2027, ENA may expertise promoting stress that might drive the value all the way down to $6.28.
ENA is anticipated to bounce again in 2028 and will hit $15.
ENA’s value in 2029 might be $22.50.
The value prediction for 2030 might be $37.45.
By 2040, ENA’s value might need jumped to $43.32.
The utmost value prediction for ENA in 2050 is $50.38.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any form. Coin Version isn’t answerable for any losses incurred on account of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any form. Coin Version isn’t answerable for any losses incurred on account of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.