- Though Arthur Hayes' predictions had been excessive, ENA might finish 2024 at $2.50.
- Regardless of bearish predictions for 2027, token value might rise in direction of $15 in 2028
- Relying on market circumstances, ENA's value in 2030 may very well be $37.45.
Predicting the yield on {dollars} and stablecoins held by market individuals is one other factor. It's one other factor to supply one thing compelling you can't miss. Ethena chooses the latter.
Ethena has been correctly launched and is having fun with nice hype. On this article, be taught concerning the concepts behind the Ethena challenge. You too can be taught extra concerning the challenge's token, ENA. Moreover, this text may also contact on value predictions from 2024 to 2030.
Etena (ENA) real-time market standing
HTTP request failed… Error: file_get_contents(https://api.tokenncoin.com/cash/information?identify=ethena): Couldn’t open stream: HTTP request failed! HTTP/1.1 404 not discovered
What’s Ethena (ENA)?
For these unfamiliar, Ethena is an artificial greenback protocol and web native yield challenge constructed on high of Ethereum (ETH). Ethena permits customers to entry a globally accepted dollar-denominated instrument referred to as USDe.
The challenge additionally goals to permit customers to commerce independently of conventional monetary constructions. As an alternative, the crypto-native options offered by the corporate will substitute these establishments amongst its 117,530 lively customers.
Apparently, Ethena is backed by some huge names. One in every of them is Arthur Hayes, co-founder and former CEO of BitMEX. Corporations akin to OKX Ventures, Binance Labs, Dragon Fly, and Bybit Mirana additionally help the challenge.
ENA present market state of affairs
On the time of writing, ENA's value is $0.84, representing a rise of 23% prior to now 24 hours. Buying and selling quantity throughout the identical interval reached $2.75 billion. This worth implies that ENA had the eighth highest buying and selling quantity amongst cryptocurrencies in the marketplace.
Based mostly on market capitalization, the corporate ranked 84th, with an undiluted market capitalization of $1.2 billion. In accordance with CoinMarketCap, ENA's most provide is his 15 billion tokens. Nonetheless, only one.42 billion copies had been distributed.
At present, Ethena's Whole Worth Locked (TVL) is $1.9 billion and the annual yield might attain 35.4%. If you wish to purchase ENA, the tokens can be found on his Bybit, Binance, LBank and Bitget.
Etena (ENA) value evaluation
Though Ethena has solely not too long ago launched, you will need to be aware the potential of its native token. Subsequently, this part will give attention to short-term evaluation and efficiency in 2024. Aside from that, you will discover the long-term value prediction from 2025 to 2030. Coin Version additionally contains predictions for 2040 and 2050.
Ethena (ENA) Worth Evaluation – Bollinger Bands
ENA swung up and down within the 15 minute timeframe. Sooner or later, the token maintained an upward development. Nonetheless, there have been occasions when bears pushed costs down. ENA’s value motion appeared regular for a token that was launched just a few days in the past.
Indicators from Bollinger Bands (BB) confirmed excessive volatility across the token. Nonetheless, ENA was not overbought but because the higher band of BB prevented touching the token value. The identical was true for the decrease band. Subsequently, the worth can rise to $0.93 quick. Within the worst-case bearish situation, ENA might fall to $0.71.
Ethena (ENA) Worth Evaluation – Relative Energy Index (RSI)
On April third, the RSI fell under the midpoint of fifty.00, indicating growing promoting strain. This decline may very well be associated to the best way merchants booked income after partaking with the token launchpad.
On the time of writing, the RSI had risen to 55.54, suggesting that consumers had been accumulating the token once more. If the bulls preserve this shopping for momentum, ENA value might rise additional. Nonetheless, if the bears halt this transfer, the subsequent pullback under $0.80 might happen.
Ethena (ENA) Worth Evaluation – Transferring Common Convergence Divergence
Regardless of ENA's latest rally, MACD indicated that consolidation may very well be subsequent for cryptocurrencies. On the time of writing, MACD readings had been optimistic. Nonetheless, the 12EMA (blue) and 26EMA (orange) had been at nearly the identical level.
This place implies that consumers and sellers are lively available in the market. Subsequently, it might be troublesome for ENA to give attention to his one path. Subsequently, in line with the indications, the subsequent transfer may very well be sideways.
Etena (ENA) Worth Prediction 2024
Traders like Arthur Hayes anticipate ENA's value to go parabolic in 2024. For instance, in a put up on X (previously Twitter), Hayes identified that costs might rise as a result of inflow of Asian markets. The BitMEX co-founder stated in one other put up that the worth might attain $10.
Whatever the optimism expressed, ENA have to be analyzed from a technical perspective. In accordance with the ENA/USD 1-hour chart, the Superior Oscillator (AO) is optimistic, indicating that upward momentum is growing.
Coin Version additionally famous a Fibonacci extension that signifies ENA might rise to $1.57 within the close to time period. Contemplating the standing of those indicators, ENA value prediction may very well be even increased in 2024. If the remainder of this 12 months stays bullish, ENA might attain $2.50.
Ethena (ENA) Worth Prediction – Resistance and Help Ranges
From our evaluation, we noticed that the bulls camped on the $0.71 help, which took the token to $0.85. Nonetheless, earlier than ENA reached that value, it confronted resistance at $0.83. Nonetheless, the shopping for strain was robust sufficient to pave the best way for additional upside.
Regardless of the worth enhance, there was overhead resistance at $0.90. If the bulls can break by means of this resistance, ENA might transfer nearer to $1. Nonetheless, whether it is rejected at this level, the worth might return to $0.80.
Etena (ENA) Worth Prediction 2025
As a result of tantalizing yield provided by Ethena, this token might see a surge in demand by 2025. In that case, ENA's value might rise in direction of $5 by December of the identical 12 months.
Etena (ENA) Worth Prediction 2026
The upward development in ENA is anticipated to proceed till 2026. However costs might not double as a lot as they probably might in 2025. Nonetheless, it might rise to $8.75.
Etena (ENA) Worth Prediction 2027
By 2027, Ethena's market capitalization will decline and the cryptocurrency market might enter a bearish section. On this case, the worth of ENA might fall to $6.28.
Etena (ENA) Worth Prediction 2028
ENA value might get better in 2028 and soar to double digits. From basic and technical evaluation, the worth of the token might rise to $15.
Etena (ENA) Worth Prediction 2029
2029 may very well be a really bullish 12 months for ENA. As a result of the liquidity that the market can have might be unimaginable. In consequence, Coin Version has a value prediction of $22.50.
Etena (ENA) Worth Prediction 2030
In 2030, ENA's worth may very well be even increased. Nonetheless, it is probably not 5 occasions as giant as in 2029. Subsequently, the worth prediction for 2030 is $37.45.
Etena (ENA) Worth Prediction 2040
On the very least, ENA's value may very well be price $26.47 in 2040. However that doesn't imply the token doesn't have a bullish forecast. If 2040 is a bullish 12 months for the crypto market, ENA might rise to $43.32.
| lowest value | common value | highest value |
| $26.47 | $31.28 | $43.32 |
Etena (ENA) Worth Prediction 2050
ENA’s 2025 value prediction might attain $50.38. The idea for this prediction could also be associated to the excessive adoption and progress of cryptocurrencies within the Ethereum ecosystem.
| lowest value | common value | highest value |
| $36.35 | $41.26 | $50.38 |
conclusion
Lastly, you will need to point out that Ethena provides excessive yields that customers might discover troublesome to acquire elsewhere. However there are issues about whether or not the challenge will be capable of preserve its payout momentum if market circumstances are powerful.
Whereas CEOs are grappling with these points, customers might have to take be aware, too. It was a robust begin for ENA costs. Evaluation of the token has since advised that it might rise additional in worth. Regardless of its flaws, ENA has bullish potential on this cycle.
FAQ
ENA is the native token of Ethena, an web income challenge developed on the Ethereum blockchain.
ENA might be bought on exchanges relying on which change you employ or are accustomed to. Exchanges the place you should buy ENA embody Binance, Bybit, and Bitget.
ENA could be a good funding. Nonetheless, it might be too early to attract conclusions. Nonetheless, the 35.4% annual proportion return (APY) provided by this challenge might appeal to many customers. On this case, demand for ENA might surge and the worth of the token might rise considerably.
However that relies on Ethena fulfilling her promise of reward that she first acknowledged. If that is so, ENA may very well be a very good funding. If not, it’s possible you’ll not should be involved.
ENA's all-time excessive was $0.89. It occurred on April 4, 2024.
ENA might attain $5 quickly. It could not occur inside just a few months. However he may very well be in a state of affairs the place he's a 12 months away or he's just below two years away from the time of this writing.
The utmost provide of ENA is 15 billion tokens.
Since ENA is within the value discovery section, the token might rise above its present ATH.
ENA's lowest value was $0.55 on April 2, 2024.
Ethena has a number of founders. However not all of them are within the public area. Nonetheless, Man Younger is the CEO and co-founder of his Ethena Labs.
ENA was launched in 2024.
Your skill to save lots of your ENA relies on how security-conscious you might be. ENA might be saved on the change you bought it from. Aside from that, you can even retailer your tokens in a pockets like MetaMask. You even have the choice to retailer your ENA in a tough pockets like Trezor or Ledger.
ENA's 2024 value prediction may very well be $2.5.
By 2025, the worth of ENA is anticipated to succeed in $5.
ENA value might attain $8.75 in 2026
ENA might expertise promoting strain in 2027, sending the worth all the way down to $6.28.
ENA is anticipated to rebound in 2028 and will attain $15.
ENA value in 2029 may very well be $22.50.
The 2030 value prediction may very well be $37.45.
By 2040, ENA's value might soar to $43.32.
The very best value prediction for ENA in 2050 is $50.38.
Disclaimer: The data contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any form. Coin Version isn’t chargeable for any losses incurred on account of using the content material, merchandise, or providers talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.
Disclaimer: The data contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any form. Coin Version isn’t chargeable for any losses incurred on account of using the content material, merchandise, or providers talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.
