Ethena priceENA
Quote currency:
USD
$0.7287-1.14%1D
Ethena price calculator
More cryptocurrencies calculator >ENA
USD
1 ENA = 0.7287 USD
Last updated 2024-05-20 15:55:50（UTC-0）
Ethena price live data summary
The live price of Ethena is $0.7287 per (ENA / USD) today with a current market cap of -- USD. The 24-hour trading volume is $0.00 USD. ENA to USD price is updated in real time. Ethena is -1.14% in the last 24 hours. It has a circulating supply of -- .
What is the highest price of ENA?
ENA has an all-time high (ATH) of $1.52, recorded on .
What is the lowest price of ENA?
ENA has an all-time low (ATL) of $0.2000, recorded on .
Ethena price prediction
Set your predictionWhat will the price of ENA be in 2025?
Based on ENA's historical price performance prediction model, the price of ENA is projected to reach -- in 2025.
What will the price of ENA be in 2030?
In 2030, the ENA price is expected to rise by -2.00%. By the end of 2030, the ENA price is projected to reach --, with a cumulative ROI of 0.00%.
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Ethena price performance in USD
24h7d30d90d1yAll-time
-1.14%-12.98%-9.83%+267.05%+267.05%+267.05%
Ethena price history in USD
TimeLowHigh
24h$0.7296$0.7450
7d$0.6535$0.8518
30d$0.6535$1
90d$0.2000$1.52
1y$0.2000$1.52
All-time$0.2000(--, Today )$1.52(--, Today )
Ethena market information
Market cap
--
-1.14%
Fully diluted market cap
--
-1.14%
Volume (24h)
--
--
Market rankings
Circulation rate
0.00%
24h volume / market cap
0
Circulating supply
-- ENA
Total supply / Max supply
-- ENA
-- ENA
Ethena ratings
Average ratings from the community
4.6
This content is for informational purposes only.
About Ethena(ENA)
What Is Ethena?
Ethena is a synthetic dollar protocol on the
Ethereum blockchain, introducing a revolutionary approach to the cryptocurrency and blockchain space. This protocol aims to create a decentralized, scalable, and stable form of money, known as USDe, which operates independently of the traditional banking infrastructure. Unlike traditional fiat stablecoins, USDe provides a crypto-native solution that seeks to address the limitations of current stablecoin models by offering a scalable and censorship-resistant asset. This initiative represents Ethena Labs' ambitious effort to bridge the gap in the decentralized finance (DeFi) landscape, where there's a critical need for a stable base money asset that's accessible globally and resistant to censorship.
The advent of Ethena marks a pivotal step towards redefining the global financial system through
blockchain technology. By leveraging the security and flexibility of Ethereum, Ethena presents a new financial instrument that could transform how transactions and savings are conducted in the digital age. The protocol's core mission is to equip the crypto ecosystem with a reliable, stable monetary tool that can facilitate smoother transactions and provide a solid foundation for DeFi applications. In doing so, Ethena aims to cater to the pressing demand for a decentralized savings instrument that's globally accessible, addressing one of the most significant challenges facing the crypto world today.
Resources
Official Documents:
https://ethena-labs.gitbook.io/ethena-labs
Official Website:
https://www.ethena.fi/
How Does Ethena Work?
Ethena operates through a mechanism that enables the issuance of USDe, a synthetic dollar that mirrors the value of the US dollar while being fully backed by crypto assets and their corresponding short futures positions. The protocol employs delta-hedging strategies to manage the Ethereum collateral, ensuring USDe's stability and scalability. This method allows for the synthetic dollar's value to remain consistent across varying
market conditions, setting it apart from other stablecoins that often rely on centralized financial infrastructures and mechanisms. Ethena's approach not only offers a scalable solution to the stablecoin sector but also minimizes systemic risks within the cryptocurrency and DeFi ecosystems, providing a robust alternative for stable savings and transactions.
At the heart of Ethena's operation is the "Internet Bond," a financial instrument that functions alongside USDe, offering users a yield-bearing, dollar-denominated savings tool. This is achieved by harnessing the yields from staked Ethereum and the dynamics of the derivatives market. The Internet Bond concept is a testament to Ethena Labs' innovative spirit, aiming to democratize access to savings mechanisms on a scale comparable to traditional financial instruments like US Treasury bills. Through this dual offering of a synthetic dollar and an Internet Bond, Ethena paves the way for a more inclusive, efficient, and resilient financial system that leverages blockchain technology's full potential.
What Is ENA Token?
ENA is the governance token of the Ethena ecosystem. This token allows holders to participate in crucial decision-making processes, influencing the development and direction of the Ethena project. Furthermore, the ENA token is instrumental in fostering long-term engagement and investment within the Ethena ecosystem through strategic airdrops and incentives. Holders of the ENA token can benefit from the protocol's success, as they are directly involved in governance and have the potential to earn rewards based on their participation and contribution to the network. ENA has a total supply of 15 billion tokens.
What Determines Ethena’s Price?
The
price of Ethena, like any asset in the cryptocurrency world, is influenced by a complex interplay of factors rooted in the principles of supply and demand, as well as broader Web3 and blockchain dynamics. Market sentiment, driven by the latest news, trends, and
cryptocurrency analysis, plays a crucial role in shaping Ethena's valuation. As investors and traders digest cryptocurrency charts and price predictions, the anticipation of Ethena becoming the best crypto investment for 2024 and beyond can significantly impact its market position. Moreover, developments in cryptocurrency regulation and the pace of cryptocurrency adoption within the Web3 ecosystem further contribute to Ethena's price fluctuations, reflecting the market's response to external pressures and opportunities.
Market volatility, inherent to the blockchain sector, along with cryptocurrency risks such as security concerns, also dictate Ethena's price movements. The latest developments in technology, infrastructure, and strategic
partnerships are vital to Ethena's growth and are closely watched by those conducting cryptocurrency analysis. As the landscape of cryptocurrency regulation evolves, it can lead to shifts in investor confidence, thereby affecting Ethena's market value. Ultimately, Ethena's price is a reflection of its perceived utility, security, and potential for widespread adoption in the expanding universe of cryptocurrency investments.
For those interested in investing or trading Ethena, one might wonder: Where to buy ENA? You can purchase ENA on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
Related Articles about Ethena:
ENA to local currency
Crypto calculator- 1 ENA to USD$0.73
- 1 ENA to JPY0.7287
- 1 ENA to VND0.7287
- 1 ENA to RUB0.7287
- 1 ENA to EUR (Español)0.7287
- 1 ENA to TRY0.7287
- 1 ENA to EUR (Italiano)0.7287
- 1 ENA to EUR (Français)0.7287
- 1 ENA to EUR (Deutsch)0.7287
- 1 ENA to CNY0.7287
- 1 ENA to TWD0.7287
- 1 ENA to EUR (Português)0.7287
- 1 ENA to IDR0.7287
- 1 ENA to THB0.7287
- 1 ENA to PLN0.7287
- 1 ENA to UAH0.7287
- 1 ENA to UZS0.7287
- 1 ENA to SAR0.7287
- 1 ENA to PHP0.7287
Last updated 2024-05-20 15:55:50（UTC+0）
How to buy Ethena (ENA)
Buying Ethena on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to
How to buy Ethena (ENA)
.
Trade ENA perpetual futures
After having successfully signed up on Bitget and purchased USDT or ENA tokens, you can start trading derivatives, including ENA futures and margin trading to increase your income.
The current price of ENA is $0.7287, with a 24h price change of -1.14%. Traders can profit by either going long or short onENA futures.
Join ENA copy trading by following elite traders.
After signing up on Bitget and successfully buying USDT or ENA tokens, you can also start copy trading by following elite traders.
Ethena news
See more
BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
Coindesk•2023/12/18 21:31
Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain
The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.
Coindesk•2023/11/16 08:00
Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
Coindesk•2023/07/25 12:47
People are also inquiring about the price of Ethena.
Cryptocurrency investments, including buying Ethena online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Ethena, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Ethena purchase. This page and any information included are not an endorsement of any particular cryptocurrency.
Copy trading
ENA resources
Links：
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Ethena Social Data
In the last 24 hours, the social media sentiment score for Ethena was 3.4, and the social media sentiment towards Ethena price trend was Bullish. The overall Ethena social media score was 550,462, which ranks 55 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Ethena being mentioned with a frequency ratio of 0.02%, ranking 73 among all cryptocurrencies.
In the last 24 hours, there were a total of 881 unique users discussing Ethena, with a total of Ethena mentions of 239. However, compared to the previous 24-hour period, the number of unique users decrease by 2%, and the total number of mentions has increase by 48%.
On Twitter, there were a total of 10 tweets mentioning Ethena in the last 24 hours. Among them, 40% are bullish on Ethena, 0% are bearish on Ethena, and 60% are neutral on Ethena.
On Reddit, there were 1 posts mentioning Ethena in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 67% . Additionally, there were 0 comments mentioning Ethena. Compared to the previous 24-hour period, the number of mentions decrease by 0%.
Visão geral das redes sociais
3.4