The Binance listing showed that the price of $ENA is rising rapidly and another cryptocurrency is preparing to join the exchange market.
Since its launch on Binance on Tuesday, the Ethena token (ENA) has seen a 53% increase in value, with a 13% increase in the last 24 hours alone.
Unlike USDT and USDC, USDe is a so-called “synthetic dollar” that can generate dividends by combining ether liquid staking tokens with collateral from short ether (ETH) perpetual futures bets; This allows it to keep the price constant at $1.
"Delta hedging" is the method that keeps the coin stable. To use this strategy, short-term bets equal to the price risk of the collateral assets must be placed.
USDe is currently the second trending cryptocurrency on CoinMarketCap with a 24-hour trading volume of $2.5 billion, and its market cap has also increased recently, remaining just under $2 billion.
Valuation tracker Tracxn reports that Franklin Templeton, DragonFly, Kraken, Maelstrom and others contributed over $20 million to Ethena Labs' two investment rounds.
Ethena has angel investors, including BitMex co-founder Arthur Hayes. From Tuesday's post-launch high of around $1.25, we could see an almost 20% decline on ENA's trading chart. It has more than doubled in value since going public at about $0.64 per coin.
The Relative Strength Index (RSI) of #ENA has calmed down in the last hour after briefly reaching above 70 this morning, indicating overbought conditions due to a brief but intense buying wave.
🐳 It's coming / It's only a matter of time before it takes a shot at 1.20 and reaches 1.40. Whales came out of their homes at midnight tonight.
You will not be afraid for wealth.😎
The bulls are trying to make it fall, yes it has fallen now, it has reached exactly the level I said it would. If you look at my previous informative messages you will see🚀🚀🚀
In the message I wrote when I saw 1 USD...🚀🚀🚀
It may hit the $1.20 level and rise to $1.30, but later on, I had declared 0.970-0.960 as the exact buying point, which will be corrected so that it can reach the $1.50 and $1.70 band.🥂🚀🪐
Those who don't believe can look at my message, it's still there.💥
The cowards sold it, the game starts at midnight tonight...💥
#ENA 🚀🪐🚀🪐 Don't FOMO Out: Staying Cool in the Crypto Rollercoaster (Especially with #ENA ) Have you ever watched the price of a cryptocurrency you held plummet, only to see it skyrocket later, leaving you with a sinking feeling in your stomach? Yeah, we've all been there. That's the emotional rollercoaster crypto trading can be, and ENA is no exception. Letting FOMO Cloud Your Judgment This post is for those who might have recently sold ENA in a moment of panic. Fear of missing out (FOMO) can be a powerful force, but it's rarely a good investment strategy. Those who sold ENA out of fear are likely watching with envy now as the price climbs. Crypto Requires Patience and Research The key to navigating the crypto world is staying calm and collected. It's a marathon, not a sprint. Successful crypto investors understand the importance of patience and well-timed decisions. This means knowing when to buy and, more importantly, when to hold. ENA's Potential: Do Your Own Research While past performance isn't a guarantee of future results, ENA's recent surge suggests there might be more to come. However, this isn't financial advice. Always do your own research before investing in any cryptocurrency. Listen to what others have to say, but make informed decisions based on your findings. Remember: The crypto market is known for its volatility. Stay focused on your long-term goals and don't let emotions cloud your judgment. If you believe in ENA's potential, hold tight and do your research to make informed decisions about your investment
For those waiting for ENA to drop to $0.7 and below, let's hang up our boots because BULLS have it. This sound coin is not going to drop anytime soon, or maybe ever again. Let's join the $1.1 bandwagon and start the future planet of massive EARNINGS together. In one direction, you don't realize that those trying to buy $ETH regret their past choices. I will come back to have the chance to buy ENA 56 times, it may be history sometime in the future.
My dear followers... I'm here to help you gain... #Ena Many of my friends wrote nice comments yesterday, thank you. Your earnings are our success.
#ENA It is currently on the rise and purchases continue to increase, I advise you not to miss it. Those who said don't buy it because it will fall off have already bought it. We think it will see 1.50 today. All current levels appear to be buy levels.
Always invest with your own research. Nobody gives you investment advice.
Let me answer at once.. #ENA 🚀🚀🚀🚀🚀🚀 All the friends who said don't buy it have bought it
I told you to take it while it drops, those who listened won, we are going out again.. Buying as you go down will help you take out all your losses, even if the rises are small.
It is not Investment Advice. Do your own research.
YOU WERE DECEIVED #ENA 🚀🚀🚀 EVERYONE WHO TOLD YOU DON'T BUY IT WILL FALL... #ENA Those who say don't buy it will fall... WHEN WE LOOK AT THE DATA, ALL OF THEM WERE DON'T BE STUPID... THEY DO NOT CARE ABOUT YOU AND BUY IT THEMSELVES AT LOW LEVELS...
When we look at the last 15 and 30 minutes, we see a large amount of purchases of #ENA .
WE DO NOT GIVE INVESTMENT ADVICE. BUT look at this chart and see NO, ena will decrease. If it is 0.50, I will buy it. If it is 0.30, I will buy it. Do not believe those who say, ena is a project that is planned to exceed 1.5 dollars, stabilize at 2 dollars and rise to 4 dollars.
Those who buy should buy, those who don't buy should not buy 🐎 you can't ride while running, remember that too
Currently, purchasing transactions have increased to reach the level of #ENA 1.2. If it continues like this, it will reach the 1.20 level and then try to reach the 1.50 level.
Ethena (ENA) Attracts Attention in the Crypto World.
The DeFi project called Ethena (ENA) attracts the attention of investors and there is a significant increase in its price. BitMEX co-founder Arthur Hayes predicts that ENA will reach a value of $10, indicating a large upside forecast from the current price. ENA's momentum is getting stronger, especially with Binance Launchpool adding the project to its platform. Support from Industry Leaders Hayes' optimistic predictions about ENA caused controversy in the cryptocurrency community. While ENA's market value and price are expected to increase, a larger increase is expected with the participation of Korean investors in the market. Such supports help projects gain a stronger position in the market and increase investor interest. The Nature of the Market and the Future of ENA Predictions in the cryptocurrency market may not always be accurate. However, there is currently a significant increase in ENA's price and an increase in trading volume. If Hayes' prediction comes true, a significant increase in value will be possible for ENA, which may be promising for investors.
The chart is moving in the direction we want, purchases and sales are very consistent at the current margin. We did not move too far from the trend line during the decline phase. We can look at this as a harbinger of a new rise.
Those who follow know.
It is useful to do your own research for your investments.
🚀💸 $ENA : Will it jump to $5 or drop to $0.7? 📉🚀 The newest kid on the block, Ethena, skyrocketed to $1.27 in just 24 hours! But here's the summary: 🎢 Newly listed coins usually ride the hype train to the moon. But be careful! Many traders, including me, learned the hard way with cryptocurrencies like Aevo and ETHFI. It's like riding a rollercoaster of wins and losses. 🔍 Here's the tactic: If you joined this caravan early, congratulations! Now might be the time to secure those profits. Whales are lurking, ready to cash out, and we don't want to hold the bag like in BOME. ⏳ Have you taken the ENA train yet? Hold your horses! Wait for the first 2-3 days. Wait for the dust to settle, observe the market, and then decide if it's time to take the journey. Remember, it's better to be careful in the wild west of crypto. Keep your eyes open, stay informed, and may the odds always be in your favor! 💰🚀#BullorBear#Memecoins#WIF#ENA $ENA Disclaimer: Contains views/opinions of third parties. It is not investment advice. See Terms and Conditions.