$ENA 's been on a tear this past day, jumping over 10% and hitting a high of $1.08 before settling around $1.03! 📈 Plus, trading volume is booming at $560 million, that's a 100%+ increase from yesterday! Looks like things are moving in the right direction for #ENA . 💥🚀
Speaking of the right direction, let's check our Risk Radar Weekly Update (as of June 3rd):👀👇
All Systems Go! 🟢💪 ◽️Peg Threshold: Still rockin' the "Generally Stable" zone, even with a slight bump to 0.75%. ◽️Price Deviation: Cruisin' in the green zone at 0.999-1.002, right where we want it! ◽️USDe Supply: Officially breached the $3 billion* mark! This is HUGE for USDe's growth. ◽️Backing Assets: Covering USDe 1:1, with a cool $3.08 billion in backing. 💯 ◽️Reserve Fund: Looking healthy at $41.8 million and still climbing!
*While things are looking good, it's always wise to stay informed. With USDe supply now over $3 billion, it's worth keeping a close eye on future updates. We'll be sure to keep you posted! DYOR! Invest Responsibly! #altcoins
Jupiter Announces Activation of DRIFT on X Platform
According to Odaily, Jupiter has announced the activation of DRIFT on the X platform. Users can now engage in Swap transactions or set DCA/current price orders for PRCL. The announcement marks a significant development for users of the X platform, providing them with more options for their transactions.
The activation of DRIFT allows users to swap transactions, a feature that enhances the flexibility of the platform. This feature is particularly beneficial for users who want to exchange one cryptocurrency for another without having to go through a traditional exchange.
In addition to Swap transactions, users can also set DCA or current price orders for PRCL. This feature provides users with the ability to automate their purchases of PRCL at a specific price or at regular intervals, reducing the need for constant monitoring of the market.
This announcement by Jupiter is a significant step forward in enhancing the user experience on the X platform. It provides users with more options and flexibility in their transactions, making the platform more user-friendly and efficient.
i hope #ena $ena collaborate with Solana & Polygon in the future
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Coinpedia
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Ethena Price Prediction 2024-2030: Will ENA Price Cross $10?
The post Ethena Price Prediction 2024-2030: Will ENA Price Cross $10? appeared first on Coinpedia Fintech News
With high anticipation of a bull run in 2024, altcoins are preparing for a bull run season in the fourth Bitcoin Halving year. Amidst the plethora of altcoins, the newly launched token of Ethena Labs, ENA price predictions project a high likelihood of an uptrend.
Following the early gains during the listing phase, the ENA price trend is now under a pullback. While this brings an opportunity to buy at lower levels, the recent volatility in the market makes investors cautious.
Will the ENA token price manage to refuel the bullish recovery or take a dip below the crucial support of $0.86? So, what does Ethena’s future hold? Are you intrigued by the underlying shift in ENA tokens?
Let’s explore the anticipated ENA price predictions for 2024 to 2025.
What’s New Ethena (ENA)?
Ethena Labs is a synthetic dollar protocol focused on revolutionizing DeFi with a censorship-resistant model.
USDe is an Ethereum-based synthetic dollar that maintains stability by collateralizing ETH.
USDe recently launched on Swell’s Layer 2 network.
Ethena Labs is distributing 750 million ENA tokens to its early adopters, representing 5% of its total supply.
Ethena Labs has integrated its protocol with centralized exchange wallets, including Binance, Bybit, OKX, and Bitget.
ENA Price Prediction 2024 – 2030
Ethena’s Price Forecast May 2024
With the ongoing pullback phase, the ENA token price trend turns sideways around the $0.81 demand zone. However, the 50 EMA in the 4H chart keeps a dynamic barrier keeping the bullish growth under check.
Tradingview
With the broader market recovery, a bullish bounce in ENA price could soon lead to reclaims the $1 psychological mark. Conversely, a dip under the $0.81 supply zone could plunge the price of Ethena labs token to $0.50.
ENA Price Prediction 2024
With the increasing possibility of a bull run in 2024, Ethena labs token, ENA price shows immense upside potential. Further, with a high-value use case backing the altcoin, it could become a choice for institutional investors.
Moreover, with a broader market recovery, the ENA price could end 2024 in an extremely bullish tone. If the uptrend manages to surpass the $2 mark, it could end the year at $5.772. On the downside, a breakdown under $0.81 could drop it to $0.50.
Price Prediction Potential Low ($) Average Price ($) Potential High ($) 2024 0.50 $2.52 5.772
Ethena Price Prediction 2025
As the year after Bitcoin Halving is known for extending the bull run, the ENA token could find a bullish surge. Siphoning the broader market momentum, the ENA price could surpass the psychological mark of $10 to hit $15.12.
On the other hand, if Ethena takes a minor dip in 2025, the price of ENA can plunge to $9.51.
Price Prediction Potential Low ($) Average Price ($) Potential High ($ 2025 9.51 14.46 15.12
ENA Price Prediction 2026 – 2030
Years Potential Low ($) Potential Average ($) Potential High ($) 2026 10.3 15.77 21.24 2027 11.53 18.47 25.41 2028 12.06 20.2 28.34 2029 17.92 24.63 31.34 2030 19.24 27.23 35.22
ENA price prediction 2026:
Ethena’s price for 2026 could range between $10.30 to $21.24, with an average price of approximately $15.77.
Ethena price prediction 2027:
Ethena’s price for 2027 could fluctuate between $11.53 to $25.41, with an average price of around $18.47.
ENA price prediction 2028:
Ethena’s price for 2028 might lie within the range of $12.06 to $28.34, with an average price of $20.20.
Ethena price prediction 2029:
Ethena’s price projection for 2029 could vary from $17.92 to $31.34, with an average price of roughly $24.63.
ENA price prediction 2030:
Ethena’s price for 2030 might fluctuate between $19.24 to $35.22, with an average price of $27.23.
CoinPedia’s ENA Price Prediction
As per Coinpedia’s Ethena Price Prediction, the increasing adoption of Ethena Labs token could surge the ENA price in the coming years. As the first year of existence, 2024 could be bullish for ENA.
AS per Coinpedia’s Ethena (ENA) price prediction, the ENA token price could potentially drive the price higher to $5.772 in 2024 if the market faces a bullish boost.
Price Prediction Potential Low ($) Average Price ($) Potential High ($) 2024 0.50 $2.52 5.772
Ethena is a synthetic dollar and internet-native yield platform built on Ethereum. At the core of Ethena’s ethos lies USDe, a synthetic dollar designed to promote stability and scalability within the DeFi ecosystem.
Is Ethena a good investment?
Yes, Ethena might definitely be a good investment, if you are looking to invest for the long term.
Will Ethena hit $10?
Ethena is poised for growth in the coming years and could surpass the $10 in mid-2025.
How high can the ENA price go by the end of 2024?
The price of ENA could possibly claim the $5.772 mark by the end of 2024.
War push people come to liquid and Cross Country asset, welcome to age of #crypto.
but i always hope no more war.
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Crypt0nite
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$ENA is in consolidation at the moment,
Either waiting for Dollar Index to drop or the market to close (weekend),
Might be an opportunity for a bullish movement with less resistance since USD Index isnt on crypto's side at the moment and there haven't been any support or volume, hardly keeping it above support line 0.9, seems like everyone is holding waiting for the next move, just a bit of sculpting
it's gonna take much more for a full 1h and 4h candlestick closure above resistance line 1.03, this could be the way to 1.2, or the drop to 0.7
either it breaks out or breaks down, might even consolidate for a day or two
War push people come to liquid and Cross Country asset, welcome to age of #crypto.
but i always hope no more war.
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Crypto PM
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🔰BTC HALVING PRICE HISTORY🔰
🔶 2012= $12 halving, $964 (1 Year later)
🔶 2016= $663 halving, $2550 (1 Year later)
🔶 2020= $8740 halving, $55801 (1 Year later)
🔶 2024= ~$63300 at halving
So what comes next.? Maybe 4-10 weeks of slow upwards accumulation in 60k-84k region & then Massive bull run. Don't let them make you sell your bags at any kind of shakeout.
just buy, stake and "sleep" six month or more.✓ when wake up +10x
$ena
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Binance News
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Whale Purchases 2.19 Million ENA Tokens Worth Approximately $3.14 Million
According to Foresight News, a whale has reportedly purchased 2.19 million ENA tokens within 18 hours, spending 896 ETH, equivalent to approximately $3.14 million. The address associated with this significant transaction is believed to belong to Tokka Labs, also known as Altonomy.
$ENA why you guys are getting panic and selling your ena at huge loses why are you forgetting about the halving event or the huge bull rally Ena price will fall very deep and will rise again so high that it will hit 2 or 3$ price right now it is giving an opportunity to other people to purchase it so they can also have huge profits when the halving event or bull rally starts.
Exciting news ahead! 🌟 Get ready to witness a game-changing moment with ENA! This revolutionary coin is set to create millionaires from scratch, starting at just 0.5.
Brace yourselves, because ENA is about to steal the spotlight and rock the show like never before! 🎯 First stop very soon $2!
Next up: $4! And finally, aiming for $8 within 2024! This isn't just speculation, it's a forecast based on potential and possibility. A very good time for new investers to buy $ENA .
Remember, always do your own research before diving in!
Don't forget, even Bitcoin started small, at 0.4, and look where it is today—dominating the market! 🌐 Get ready to join the ranks of millionaires with
ENA! Are you prepared for this incredible journey?
Let's make history together! 💪 #ENA #solana #BullorBear #ENAcoin #ena $ENA
rise of meme coin are picturing people really trust Blockchain more than any white paper on a project. Blockchain it self is the Greatest project in this era.
$MyRo #MyRo
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koinmilyoner
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Рост
🔥Myro Meme Coin's 'God Candle' Is About to Reach 2,000%🔥
The crypto researcher who accurately predicted Dogwifhat's (WIF) parabolic surge has found another Solana-based meme currency that might rise significantly. WIF and this crypto coin have remarkable parallels, the expert said.
An X (previously Twitter) tweet by crypto analyst Bluntz Capital predicted a good candle for the Myro (MYRO) cryptocurrency soon. The expert said that everyone would wish they purchased meme currency when it breaks its $0.4 all-time high and “starts doing rapid multiples.”
Bluntz predicted that #MYRO will follow #WIF as the next Solana-based meme currency in a prior X article. When WIF was trading at $0.29, the analyst properly forecasted its present heights. His prediction was that meme currency will go “turbo parabolic.”
Bluntz noted that both meme currencies had the same chart trend, suggesting MYRO might surge like WIF. MYRO, like WIFs, might become the next meme cryptocurrency to reach $1 billion in market valuation. The market valuation of MYRO is $340 million.
Bluntz and other analysts believe MYRO might witness a parabolic price increase shortly. Crypto expert Crypto Shadow said that meme coins may soon get “parabolic”. He predicts MYRO will join meme currencies like Dogecoin (DOGE), Pepe (PEPE), and FLOKI after this upward move.
The Solana WIF Insane Run WIF, another Solana-based meme currency, is enjoying an amazing run like DOGE and Shiba Inu (SHIB) did in 2021. Since 2024, WIF has been one of the most lucrative crypto assets, gaining almost 1,700% YTD.
Due to its $3 billion market valuation, WIF is now the most valuable Solana meme currency, surpassing BONK's $2 billion. The fourth-largest market cap is WIF, after DOGE, SHIB, and $PEPE . If it maintains its positive trend, it might reach PEPE.
Bluntz earlier predicted that WIF will flip at least two meme currencies in this market cycle (it has flipped BONK) and might become the second most valuable meme currency after DOGE.
don't sell yours to institution, they dump to buy more.
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Mia Cavaliere OfAI
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Рост
Hello everyone, I have good news for all of you who's currently experiencing floating loss.
DON'T SELL IN LOSS, BTC WILL GOES 70K AND BEYOND 🔥🔥 Let's think with the fundamental of market.
Whales and the big guys know everyone's on the happy side, and they will send BTC upwards. But the market makers and financial institutions don't want people to stay long since they will have to pay all those people with highly leverage positions. So, to keep their financial at safety, they have to dump the market, destroying the retail guys.
How do we know that BTC will goes up again???
If you take a look at BTC liquidation map below, you'll see that in current BTC market, more people are going short rather than long, with total amount of short liquidation at $2.81B more than double of the total amount of long liquidation, sitting at $1.01B.
Now if you're market maker, it would be logical if you push the price above the current market, hence liquidating all short positions and snag all those green to your pockets. You still need to pay those that goes long, however since the longs have smaller amount than short, you still take home a big cash. Remember that in the future market, your adversaries need to take a loss in order for you to gain positive return!
So, what do we do? We believe in BTC and its true value. Don't sell in loss guys, not in bull market. If you tired getting liquidated maybe this is a good time to stick to spot 😉.
Thanks for reading, follow me for more fundamental analysis and market update. Stay safe and Godspeed.