Ethena
The vanguard of the Internet bond.
The powerhouse of censorship-resistant crypto.
As of April 29, 2024
🚀Market Cap = 1.14B
🚀Total Supply = 15B ENA
🚀Circulation Supply = 1.43B ENA
🚀All-Time High Price = $1.517
🚀All-Time Low Price = $0.527
ENA was issued on April 2, 2024.
Ethena (ENA) is like digital money, and it's part of a big plan called decentralized finance (DeFi). This plan creates steady money, can grow big, and can't be controlled by just a few people. And it does not require traditional banks.
$ENA lives on the Ethereum blockchain. It has a special kind of dollar called USDe, which is supposed to act like the regular dollar but in the crypto world. This USDe works with lots of DeFi applications. That is why it is a project with a promising future.
USDe is backed up by some crypto assets and deals that will happen in the future. It's not tied to regular money like other crypto dollars are.
My opinion: $ENA is going to do good in the long run.
This is not financial advice, and as always 💻DYOR before engaging in any trade.
🎉🎉🎉✨More for all, less for none. -
