$ENA $ETH $FDUSD
Ethena (ENA) Surges 60%, But Fantom Co-Founder Warns Of Luna-Like Demise

Ethena Labs’ new governance token, ENA, is witnessing a staggering 60% increase in its value, shortly after its introduction to the market. The spike in ENA’s price to approximately $0.96 has catapulted its market capitalization to nearly $1.34 billion, ranking ENA as the 80th largest cryptocurrency by market cap.

This ascent followed Ethena’s strategic distribution of 750 million ENA tokens, representing 5% of its total supply, through an airdrop to holders of its USDe token. The USDe, a synthetic dollar, is central to Ethena’s offering, leveraging a blend of ether liquid staking tokens and short Ether (ETH) perpetual futures positions to maintain a target value near $1.
At the heart of Ethena’s value proposition is the ENA token, engineered to facilitate a digital dollar platform on the Ethereum blockchain. This platform seeks to provide a viable alternative to conventional banking mechanisms through its innovative ‘Internet Bond’. By harnessing the potential of derivative markets and staked Ethereum, the Internet Bond offers a dollar-denominated savings instrument accessible globally, independent of traditional banking infrastructure.
The total supply of ENA tokens is capped at 15 billion, with an initial issuance of 1.425 billion tokens. The distribution plan prioritizes ecosystem development (30%), core contributor rewards (30%), investor engagement (25%), and foundation support (15%), embodying a holistic approach to tokenomics. Notably, Binance’s endorsement of ENA as the 50th project on its Binance Launchpool, enabling users to farm ENA tokens by staking BNB and FDUSD, underscores the token’s appeal.

At press time, ENA traded at $0.93, up 60% in the past 24 hours.
Ref: btcnews.com

#ENA #BinanceLaunchpool #FDUSD‬⁩ #Ethena! #EthenaENA

Ethena: Investigating the discrepancy between the amount of ENA airdrop displayed on Liquifi and the official website

Ethena officials posted in Discord that they have learned that the amount of ENA airdropped by users on Liquifi is lower than the amount of ENA airdropped displayed on the Ethena claiming page. They are currently investigating these discrepancies and ensuring that users will receive the amount of ENA they deserve, and will respond to the latest situation today.
$ENA #ENA #Ethena!

Ethena (ENA) Price Prediction: What is the Best Price to Trade?

if you have ENA hold it

dont sell it. this coin give you handsome profit....

#Ethena! #Solana⁩ #ENA

Ethena (ENA) Value Forecast 2024 😲

MGEthena (ENA) has earned huge consideration since its commencement, and as we look forward to 2024, numerous financial backers are interested about the symbolic's potential cost developments. As of April 2, 2024, the ongoing cost of Ethena (ENA) is $0.64 at the hour of composing.

While it's vital to take note of that value expectations are not ensures because of market changes, ENA is anticipated to arrive at a possible high of $4.80 toward the finish of 2024, contingent upon factors like organizations and the general condition of the crypto market.

It's likewise conceivable that ENA could encounter a negative occasion, which could make the base worth of the symbolic diminishing to $0.48.

High: $4.80
Normal: $1.21
Low: $0.48

Remember, however, that these are simply expectations, and cryptographic money costs are known for being unstable and eccentric.

#write2earn #cryptomentor369 #TradeNTell" #Ethena!

Soon !
#Ethena! $ENA will reach $1.20 .

They are introducing the latest breakthrough from Ethena Labs: the Unified Defi (DeFi), Centralized Finance (CeFi), and Traditional Finance (TradFi) Roadmap.

At the forefront of this innovative journey is the synthetic stablecoin, USDe. Ethena Labs aims to mirror the disruptive impacts of Tether’s USDT in 2014 and MakerDAO's inception in 2017 with this new offering.

Following the unveiling the roadmap, Ethena’s native token, ENA, experienced an impressive 8% surge, escalating from $0.85 to $0.93. ENA continues its bullish trajectory, boasting an 18.22% surge over the past week and a remarkable 47.24% increase since its inception, now commanding a market capitalization of $1.41 billion.

In the vision outlined by Ethena, USDe’s success hinges on its robust reserves, which exceed double the open interest in each perpetual decentralized exchange (DEX).

The roadmap elucidates Ethena's role in providing 'non-toxic' liquidity streams to both DEX and centralized exchanges (CEX), leveraging USDe as collateral to stimulate open interest. Acting as a neutral infrastructure, Ethena has directed a significant $1.25 billion in protocol allocation towards USDe.

Ethena forecasts symbiotic growth alongside other stablecoin issuers within the DeFi ecosystem. With a foundation in futures markets promising higher real yields, USDe emerges as the linchpin upon which these interest rate markets will flourish. $ENA

#BTC #Memecoins #altcoins #Ethena! #EthenaENA

The market analysis Ethena's strategically brilliant move was the its launch on Binance's 50th Launchpool project, where it initially circulated 1,425,000,000 ENA tokens, representing 9.5% of the maximum supply. This move underlines Ethena's compliance with regulatory standards through KYC verification and highlights Binance Labs' backing, emphasizing the project's potential in revolutionizing the DeFi sector.

At the core of Ethena's offering is USDe, an algorithmic stablecoin pegged at $1, created through the deposit of ETH tokens. This mechanism generates yield from staking ether and shorting ether futures, showcasing a unique approach within the DeFi space. Moreover, the platform's security measures are stringent, ensuring the safety of users' investments.

Factors influencing ENA's price include the total circulating supply of 15 billion tokens, market dynamics, competition, media coverage, and regulatory landscapes. ENA's pricing is also affected by operational costs and its availability on exchanges, which impacts its accessibility and demand.

ENA’s multifaceted approach, combining innovative financial offerings, a secure platform, and strategic market entries, places Ethena (ENA) in a strong position within the cryptocurrency and DeFi landscapes, indicating promising growth potential and market dynamics.

All the Best with Your Trades, Guys! #ENA #ENALAUNCHPOOL #EthenaENA #Ethena!

Today's trending top performers - #DYOR!!

1.Tellor $TRB
2.Friendtech $FRIEND
3.Velo $VELO
4.Render $RNDR
5.Kaspa $KAS
6.Aleph Zero $AZERO
7.PepeFork $PORK
8.Fetch $FET
9.Ethena $ENA
10.Sui $SUI

#Ethena! #sui #tellor #cryptoniteuae

#ENAUSDT🚨
SPOT SETUP
FUTURE SETUP
ENTRY
0.70 TO 0.80
TARGETS
0.90
1.00
1.10
1.20
1.30
1.40
1.50
DCA 0.55
STOPLOSS 0.45
MARGIN 2%
LEVERGE 5X
#Write&Earn
#Ethena!
$ENA

The giant green candle is coming #Ethena! 🚀🔥🚀🔥

Ethena (ENA) Value Forecast 2024 😲
MGEthena (ENA) has earned huge consideration since its commencement, and as we look forward to 2024, numerous financial backers are interested about the symbolic's potential cost developments. As of April 2, 2024, the ongoing cost of Ethena (ENA) is $0.64 at the hour of composing. While it's vital to take note of that value expectations are not ensures because of market changes, ENA is anticipated to arrive at a possible high of $4.80 toward the finish of 2024, contingent upon factors like organizations and the general condition of the crypto market. It's likewise conceivable that ENA could encounter a negative occasion, which could make the base worth of the symbolic diminishing to $0.48.
High: $4.80
Normal: $1.21
Low: $0.48
Remember, however, that these are simply expectations, and cryptographic money costs are known for being unstable and eccentric.
#write2earn #cryptomentor369 #TradeNTell" #Ethena!

The 88th project of binance launch pad is now over! Ethena ENA farming is completed, and it is expected to be available for buying and selling in 24 hours....
Expected prices:
First: $0.8
Second: $1.0
Third: $1.3
#BinanceLaunchpool #EthenaENA #ENA. #Ethena!

$ENA ALERT🔥⚡🔥⚡🔥⚡
📉 Ethena [$ENA ] Faces Bearish Pressure: Recent Gains at Risk 🚨

🚨 Breakdown Alert: $ENA has broken down from an ascending channel pattern, signaling potential further declines. The breakdown highlights increasing selling pressure as market sentiment turns bearish.

💔 Failed to Hold $1: After briefly crossing the $1 mark (last reached in June 2024), ENA has dropped below this critical level. The daily decline stands at 6.26%, cutting its weekly gain to 12.85%.

📊 Technical Indicators Point to More Losses:

Death Cross on MACD: 📉 The short-term MA crossed below the long-term MA, signaling bearish momentum.
RSI Drops to 44.58: 😬 Indicates that bears are dominating the market.
📌 Key Support Levels to Watch:

$0.8888 (Potential pause zone)
$0.6852
$0.5826
These levels could act as potential bounce points or lead to further price retracement.

💼 Seller Dominance:

Long-to-short ratio at 0.8847, favoring sellers.
Over $1.19M in losses for long traders vs. just $95,400 for shorts in the past 24 hours.
🔮 Outlook: If bearish trends persist, ENA could continue its downward spiral. Stay cautious and monitor support levels closely!

💬 What’s your next move? HODL, SELL, or BUY the dip? Let us know! 🤑

#Ethena! #ENA #ENAUSDT🚨

🚀So what actually is Binance Launchpool? or ENA FARMING? Let me explain honestly.

It is a creation of Binance where they give the chance to stake your money to the token that is going to be released.

And then binance gives rewards which is that unreleased token which you can trade after releasing.

But, when you are recieving rewards,
during that time your money will be locked. Means you cannot use them anywhere else at that time.

Right now a token called ENA is on the board of Binance Launchpool.

There you can stake your money as BNB or

FDUSD. Minimum stake is 0.1 BNB or 10

FDUSD. If you stake your money as BNB,

you'll have higher amount of ENA tokens.

And FDUSD stake is less. You can claim your ENA tokens by getting rewards. Meanwhile you can redeem your stake and get your money back to your spot account. You can keep your money staked untill the duration ends. And after it ends, you have your money back. And this process is called FARMING.

Isn't it a huge chance to earn for free? So what's the risk?

- There is a slight risk of loss like, let's say you buy BNB for staking. Later after farming if you've to sell that BNB at lower price (if the BNB price decreases), then there you may see some loss. But also, you did get your rewards, right? So there you are going to profit for sure.

So what do you think about this? Are you going to farm on ENA Launchpool?

#ETHENALAUNCHPOOL #BinanceLaunchpool #ENA #Ethena! #Write2Earn‬

Last Day to Farm $ENA on #BinanceLaunchpool ⏳

#Ethena! ($ENA ) is shaking things up in the DeFi world. Built on Ethereum, it offers a new way to handle your money digitally, without relying on traditional banks👀
They call it a "synthetic dollar protocol," meaning it creates digital dollars (USDe) that are designed to hold steady in value. On top of that, they're introducing a global savings option called the "Internet Bond," letting you earn interest on your USDe holdings.

It's gonna be HUGE!!🙌

Earn Free Ethena (ENA) on Binance Launchpool! Farm ENA by Staking BNB and FDUSD
#BinanceLaunchpool #Ethena! #ENA

$ETH Update;

Massive support at 3325$ and once this loses, Next support will be at 2857$. Be careful
#Ethena! #HotTrands

Ethena (ENA) Price Movement and Market Analysis

#Ethena! #EthenaENA #ENAUSDT🚨 #Write2Earn! #BinanceSquareFamily

Recently, Ethena (ENA) has garnered significant attention from venture capitalists (VC) and key opinion leaders (KOL), leading to its breakout above **$0.30**. Currently, ENA is facing key resistance at **$0.46**.

Current Price Action
- ENA is now at a crucial juncture :
- Resistance Level : $0.46
- Support Level : If it stays below **$0.445** on the hourly chart, a decline towards **$0.40 to $0.38** is expected (wVAP).

Market Movement Predictions
- A bounce is anticipated around the **$0.40 to $0.38** range, with the potential for a retest of **$0.44** (dPOC).
- Should there be a rejection at **$0.44**, the likelihood of filling single prints in the **$0.36 to $0.28** zone increases.

Conclusion
The current trading environment for ENA indicates potential volatility, with critical resistance and support levels influencing price movements.

Advice
- Investors should monitor the **$0.445** and **$0.46** levels closely.
- Consider setting alerts for price movements around these key points to make informed trading decisions.
- Be prepared for potential declines if resistance holds, as it may create buying opportunities in lower ranges.