🚨Update ENA. Should you invest in ENA at this time? Let's review and evaluate the project's potential and analyze it.
👉 What is Ethena (ENA)? The 50th project on Binance Launchpool .Ethena is a yield protocol. Ethena is known for its concept of a synthetic dollar with the USDe digital resource, where profits are generated from hedging strategies and from Ethereum staking.
👉 After listing, ENA had a quite positive price increase and achieved ATH at 1.320$ . Currently, ENA is having a very steady growth wave and maintaining a good margin.
👉The long-term investment problem for ENA is possible, but there will be a previous price drop back to the 0.86-0.92 area to go back up to break the ATH and approach 1.55-1.80$
👉 In case the Spot ETH ETF is approved, ENA could reach 3-4$ in the next 3 months.
I will buy ENA when it returns below 0.9$ , specifically from 0.85-0.88 and Target at 1.4$
Hope everyone has another perspective with ENA
