How Much ENA Coin Have You Farmed ⛏️
Ethena (ENA) Coin Overview
The Ethena project is set to debut on April 2 with trading pairs such as ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY.
Despite its recent launch, the project boasts a user base exceeding 115 thousand, with a Total Value Locked (TVL) hitting $1.5 billion.
ENA, the native token, has gained listing on Binance, marking a significant milestone. Given Binance's prominence, wider exchange listings for the project are likely. We could witness a performance akin to Etherfi.
Moreover, although the project's stablecoin, USDe, isn't widely recognized yet, its potential listing on Binance and other platforms remains a possibility. Binance places high value on a diverse range of stablecoins, positioning Ethena favorably.
The Future Outlook for Ethena (ENA) Coin
Optimism surrounds the future of Ethena coin.
With an estimated circulating supply of around 1.4 billion at launch, the price projection ranges between $0.35 and $1.5 initially. Should there be a surge akin to Etherfi's hype, surpassing $1 seems plausible.
While an eventual increase in circulating supply could lead to gradual price adjustments, ENA may ascend to $5 levels during an altcoin bull run.
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