#notcoin #ETHETFS #altcoins #BinanceLaunchpool #BTC Ethena (ENA) experienced a significant surge in price today, of more than 10%, At the moment of writing this article, ENA is trading at $0.78, with a total market cap of almost $1.2 billion. On May 16, Ethena Labs shared that to date, the sUSDe contract has received protocol yield attributable to assets backing staked USDe, with the protocol retaining the remainder going to the sUSDe contract.
They noted that as a result sUSDe APY is 37.2%. To date the sUSDe contract has received protocol yield attributable to assets backing staked USDe, with the protocol retaining the remainder As of today, the retained portion is reduced to 20%, with the remainder going to the sUSDe contract.
The team noted that currently only 15% of USDe is staked in sUSDe. If the entire protocol backing generates about 7%, transferring returns from assets backing unstaked USDe to the staking contract, this will increase effective sUSDe APY to 37%.
Ethena Labs notes that if the average protocol return since launch of 23%, the implied sUSDe yield would increase to about 125%. This is a direct result of the low percentage of sUSDe being stakes and as the stake rate increased, the potential increase in sUSDe will be reduced. The team also noted that as of the beginning of June, the Ethena Governance Committee will be in place with several of the leading risk management advisory businesses in the space, and at that point, the governance will play a more involved role in deciding the ongoing retention of the protocol returns.Ethena launches on Bybit next week, where USDe can be used across the platforms as collateral. BitMEX founder, Arthur Hayes recently shared his belief that ENA will reach $10.Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument – the Internet Bond.
$ENA let's go for 3 usd for this week and have better growth than #Bitcoin ,#ETH y #solana
LIVE
TopCryptoNews
--
Bullish
📈 Ethena (ENA) surges 13.5% as researcher forecasts 100x growth in altcoin season
Ethena (ENA), the synthetic U.S. dollar protocol built on the Ethereum network, recorded a significant surge as a renowned crypto researcher predicts a 100x rise during an anticipated altcoin season.
ENA is up 13.5% in the past 24 hours and is trading at $0.90 at the time of writing. The asset’s market cap is approaching the $1.3 billion mark, making it the 67th-largest cryptocurrency.
Quite similarly, Ethena’s daily trading volume surged by 22.5%, currently hovering at $285 million.
The latest uptick in the surge of ENA tokens comes as renowned crypto researcher Alex Wacy has ignited speculation about the beginning of the altcoin season, signaling potential surges for select altcoins, including Ethena, amidst a $277.174 billion market cap.
Wacy estimates that approximately 15% of altcoins could yield returns ranging from 10x to 100x during this anticipated altcoin season.
Among the key indicators cited by Wacy is the consolidation of over $700 billion in TOTAL3, excluding Bitcoin (BTC) and Ethereum (ETH), which serves as a confirmation of a bullish trend.
TOTAL3 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC and ETH. This metric acts as a gauge for the broader altcoin market’s readiness to emerge from the shadow of Bitcoin.
In his analysis, Wacy highlights Ethena as a synthetic dollar protocol that provides a crypto-native alternative to conventional banking through the Internet bond.
Moreover, he notes that the next unlocking event for ENA is scheduled for April 2025 while emphasizing a familiar pattern observed on the weekly chart, typically preceding significant growth. Given the ongoing altcoin season, the pattern is anticipated to lead to a swifter rebound compared to projects launched during bearish market conditions.
Ethena Labs, the developer behind the synthetic dollar protocol, has recently received approval for a USDeFRAX liquidity pool in collaboration with Frax Finance.
#ENA If you don't invest it's because you don't believe in the potential that it has, it's going to beat #ETH🔥🔥🔥 y #BTC🔥🔥🔥🔥🔥🔥
LIVE
CaptainAltcoin
--
Why Is Ethena’s ENA Dipping Despite Being the ‘Fastest-Growing Stablecoin of All Time’?
Ethena, dubbed the “fastest growing stablecoin of all time,” has faced a recent decline in its ENA token value, leaving many puzzled by the downturn. An analysis by Delphi Digital sheds light on the factors influencing Ethena’s performance and its unique approach to the synthetic dollar. Additionally, insights from user @GammaPure highlight the involvement of early venture capitalists (VCs) and investors in the recent dip.
According to Delphi Digital, Ethena has pursued a fundamentally different path compared to existing stablecoin models dominated by Tether and Circle, which collectively hold 90% of the market share. Unlike stablecoins that rely on traditional collateral such as real-world assets (RWAs) or collateralized debt positions (CDPs), Ethena’s USDe is collateralized by a long staked ETH position offset by an equivalent ETH-PERP short position. Moreover, Ethena has integrated BTC as additional collateral, further enhancing its scalability.
The delta-neutral backing of USDe offers two structural advantages over other yield-bearing stablecoin designs. Firstly, it is more capital efficient, requiring only $1 of collateral to mint 1 USDe, enabling Ethena to scale efficiently. Secondly, USDe harnesses the high-yielding sources of staked ETH and perpetual funding rates, capturing attractive yields from both. This novel design allows Ethena to cater to the market’s demand for yield while reaping the benefits of being a synthetic dollar.
Ethena’s architecture revolves around three core mechanisms: minting, redeeming, and staking USDe. End-users interact with liquidity pools or Ethena’s front-end, while authorized participants (APs) handle the minting and redemption processes. Swaps create arbitrage opportunities for APs, who rebalance pools by minting or redeeming USDe based on market demand. To earn yield, users stake USDe for sUSDe, which accrues value over time.
Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?
The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.
Show more +Show less –
Despite its unique approach, Ethena’s success is accompanied by certain risks. These include counterparty risk, negative funding risk, redemption and liquidity risk, and auto-deleveraging (ADL) risk. Delphi Digital’s comprehensive report delves deeper into each risk, along with the measures implemented by the Ethena team and potential outcomes during adverse events.
Ethena’s impact extends beyond its own ecosystem. By democratizing access to the delta-neutral trade and enabling composability, Ethena is reconciling yields across decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi). The recalibration of DeFi’s baseline interest rates has prompted reactions from protocols such as Frax Finance, Ajnafi, Synthetix, and MakerDAO, which has collaborated with Morpho Labs and Sparkdotfi. MakerDAO’s recent moves are evaluated in the report through a “risk-adjusted” lens.
The deep dive by Delphi Digital also covers Ethena’s scalability, profitability, early competitive advantage, the utility of its native token $ENA, and the potential collaboration between Ethena Labs and Pendle Finance, which could lead to DeFi’s first scalable yield curve.
Why Is Ethena’s ENA Dipping
Twitter user @GammaPure offers additional insights into the recent dip in Ethena’s ENA token value. The decline is attributed to early VCs and investors hedging their positions, leading to high futures short positions and substantial funding costs.
Despite the substantial returns they have already seen, these investors’ tokens are locked until January 2025, prompting them to hedge for immediate profits. Retail investors face challenges as they buy at higher levels in the secondary market due to market-making activities and the transfer of large amounts of $ENA to exchanges, causing downward pressure. However, it is noted that Ethena’s market capitalization remains relatively low compared to other stablecoins like UST and LUNA, leaving room for potential growth.
The future trajectory of Ethena’s ENA token and its ability to overcome these challenges remain uncertain. As the market continues to evolve, Ethena aims to solidify its position as a groundbreaking synthetic dollar, with its unique approach and potential for further growth in the DeFi space.
Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.Get all our future calls by joining our FREE Telegram community.
Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters
The post Why Is Ethena’s ENA Dipping Despite Being the ‘Fastest-Growing Stablecoin of All Time’? appeared first on CaptainAltcoin.
$ENA es if you have patience it has a lot of potential in less than what you expect 2 usdt will arrive since a lot of capital is coming to us since it is a #ethena project that promises more profitability than #Bitcoin and $ETH together.
$SAGA sagata is on the verge of failure, it is the worst investment you can make, I recommend you leave before it goes to 0 because since the exit you have not generated good opportunities and that is going to the floor.
LIVE
cjgh
--
Bearish
I told you yesterday, everything is bearish, do not believe those who tell you that everything is going to go up when you can notice that the change is downward, when everyone tells you that it will go up, it is because it will do the opposite ...I would advise you to enter: SAGA when it is at 3.28 buy at that price, also ALT at 0.32 and in moon at 0.097, those currencies historically reach those values and then rise, the market has to go down to liquidate all the bulls and then it will make a good rise upwards . This is not financial advice, but my experience tells me this... try it if you like, buy at those prices and let me know if it goes well, although a tip wouldn't hurt 😁
Potential High Runner - #ENA 's Stock Could Skyrocket from $0.945 to $2.00!**
Hey everyone,
Just wanted to highlight something interesting I've noticed with #ENA 's current price sitting at $0.945. Based on my analysis, there’s a strong potential for this stock to soar up to $2.00. This could be due to reasons for potential increase, e.g., new company developments, market trends, upcoming product launches, etc.
Would love to hear your thoughts on this and whether you think now is a good time to jump in!
#saga It is a strategy that they are doing to then hit you hard, it is better not to invest too much, it is just a strategy because it seems that it is going to break.
That's good, I see $ENA , $OMNI and $BOME going up a lot.
LIVE
Santiago_trader
--
Bullish
📢 $OMNI has already been listed on the market with a price of ~$45.
👨💻This Launchpool has not been as profitable as the previous ones, but if we see a rise in the currency perhaps the rewards can be greater. This time I have obtained $10 while having 1.2 BNB locked during the entire activity period.
In the two previous Launchpools the rewards totaled $40 with the same amount of BNB locked. How much have you obtained?
In 10 Days, This Crypto Wallet Turned $189 Into $1,587,892
Every single coin he bought, skyrocketed by $1,789,812%.. Let's find out how he did it🧵👇
➮ Before we start... ☩ I'm planning to make my profile private shortly, so don't forget to follow so you won't lose it later. 2/➮ Let's briefly examine his performance in trading. ☩ Win Rate: 50.5% (335/664) ☩ Top Holdings: $MZERO, $CAH, $HEMULE, $PEPE ☩ Realized PnL: +$3M ☩ Unrealized PnL: +$587K
3/➮ His biggest profit came from $PEPE
☩ He started accumulating tokens right after launch
☩ Then whale cashed out all his tokens at their highest point.
☩ Profit and Loss: +$1,768,983
4/➮ His second Huge profit was made on $PAAL ☩ He was prompt to jump on this token immediately after its release, investing wholeheartedly. ☩ Subsequently, with a mere click on "sell", he started to systematically secure his gains ☩ Total PnL: +$716.77K
5/➮ This chart demonstrates his brilliant timing for market entry. ☩ AVG cost: $0.00278 ☩ Most smart wallets achieve this with the help of sniper bots.. ☩ BONKbot for SOL: bonkbot_bot ☩ BananaGunBot for ETH: BananaGunSniper_bot
6/➮ Right now, the whale's main holding is $MZERO. ☩ He acquired the coin in late December and still holds all of it. ☩ PnL: +$335.991
7/➮ $CAH ☩ A single trade was all it took for his investment to increase twentyfold. ☩ Profit and Loss: +$142,982.01
8/➮ This wallet has seen significant earnings lately! ☩ However, this is just a brief glimpse of its impressive performance! ☩ He keeps making successful trades, so it’s at the top of my watchlist. ☩ But, despite these achievements, always remember to DYOR!
His wallet Address: 0x03770b07c5c315722c5866e64cde04e6e5793714
FOLLOW FOR MORE CONTENT:
Follow me @Crypto PM I hope you found this research helpful Smash a Like and SHARE , so you won't lose it THAT'S IT FOR TODAY
I trust Ena more but Saga is not worth it, I lost a lot for her and it is not known when she is going to sell the project and I think that is going down Saga because the market is managed by the project
LIVE
Solid Tech
--
Bullish
BUY THESE COINS BEFORE HALVING ! 100× ?
The recent market crash has presented a rare opportunity for heavy profits. Here are three coins with future predictions you should consider:
1. $SAGA : This newly launched coin is trading below $4.2, falling from $7.9. Our predictions have been accurate, with alerts given in advance. Buying below $4.5 and holding for 10 days until Halving could prove profitable. Future analysis suggests a potential to reach above $6.7 in the coming month and retain value above $5.5 in the coming week.
2. $PEPE : A popular meme coin trading below $0.00000590, falling from its ATH $0.00001080. Setting a buy limit below $0.00000565 could be advantageous. The coin may rise to a new ATH of $0.00001120 after halving.
3. $ENA : Known for its stability and trustworthiness, this coin was advised for purchase below $0.920, with accurate predictions. Currently trading below $1.2, buying below $1 or $1.1 might be profitable. Future predictions indicate a potential reach of $2 soon.
Despite the market crash, remain calm and hold your positions. Our time is coming soon, just hold until halving. Though I'm currently out of funding, I hope you won't miss this rare opportunity. Best of luck to all, and if you found this valuable, consider giving a tip to support!
This post offers clear predictions and aims to guide investors during this volatile period.
$SAGA has already gone to the ground, the best thing is to sell, it is no longer worth it. If the developers sell them, they will go to the ground, it is better to invest in $ENA . How is it going to reach 1 dollar?
$ENA HOLD UP YOUR POSITION❗️ As it went down it will go again up. But you might miss out more if went up while you were sleeping 💤 Now ENA is Linked to $BTC Solid project with revolutionary potential. Do not forget those who are working hard to get it down those who will buy more now on red. ENA 2$ is not a dream ENA 10$ is not a dream It’s a fact and will happen sooner or later. ENA 100$ is the dream. And I’m a believer that it will happen if you and me are together supporting this project and never give up hope. - I’m a dreamer. Do not believe me. Believe yourself. O G R A BELIEVErs
💵 Attention all $ENA holders! 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 #BullorBear
It appears that confidence is shifting from $SAGA to $ENA , as investors are moving their assets towards Ena amid concerns about Saga's performance. This shift suggests growing trust in Ena's potential and its ability to deliver on promises."