$ENA

ENA's future

The all-time low is 0.52 USD and the highest is 1.51 USD. Total supply is 15 billion. By collecting at a low price, their rise can benefit the spot wallet. ENA, which is among the stable coins that have gained more than 12 trillion dollars in value, is also supported by Binance Labs.

Stablecoins are the single most important instrument in crypto. All major trading pairs across spot and futures markets in centralized and decentralized venues are denominated in stablecoin pairs with 90% of orderbook trades and 70% of onchain settlements being stablecoin.

Stablecoins settled >$12 trillion onchain this year, constitute 2 out of the 5 of the largest assets in the space, >40% of TVL in DeFi, and are by far the most utilized assets across decentralized money markets.

#CryptoWatchMay2024 #Binance #Bitcoin