- Though Arthur Hayes' forecast was greater, ENA might finish 2024 at $2.50.
- Token worth might rise in direction of $15 in 2028 regardless of bearish forecast for 2027
- In 2030, ENA might be priced at $37.45 relying on market situations.
It's one factor to supply market individuals a return on their greenback or stablecoin holdings. It's one other factor to supply an enchantment that's arduous to overlook. For Athena, he chooses the latter.
Athena has actually taken off and is having fun with a number of hype. On this article you’ll study concerning the concept behind Undertaking Athena. Additionally, you will study somewhat extra about ENA, the undertaking's token. Subsequent, this text will contact on the value forecast from 2024 to 2030.
Athena (ENA) Market Standing in Actual Time
HTTP request failed… Error: file_get_contents(https://api.tokenncoin.com/cash/data?title=ethena): Did not open stream: HTTP request failed! HTTP/1.1 404 Not Discovered
What’s Athena (ENA)?
For individuals who don't know, Athena is an artificial greenback protocol and web native income undertaking constructed on Ethereum (ETH). With Athena, customers have entry to a globally accepted greenback instrument, which it calls USDe.
The undertaking additionally goals to make sure that its customers are unbiased of the normal monetary construction when conducting transactions. As a substitute, the crypto-native resolution it provides would exchange these establishments amongst its 117,530 lively customers.
Curiously, some bigwigs are behind Athena. Certainly one of them is Arthur Hayes, co-founder and former CEO of BitMEX. The undertaking can be supported by firms resembling OKX Ventures, Binance Labs, Dragon Fly and Bybit Mirana.
Present state of the ENA market
The worth of ENA on the time of writing was $0.84, representing a 23% soar within the final 24 hours. Throughout the identical interval, its enterprise quantity reached $2.75 billion. This worth meant that ENA had the eighth highest cryptocurrency buying and selling quantity available on the market.
It’s ranked 84th by market capitalization with an undiluted capitalization of $1.20 billion. In accordance with CoinMarketCap, ENA has a most provide of 15 billion tokens. Nonetheless, just one.42 billion have been in circulation.
At present, Athena has a Whole Worth Locked (TVL) of $1.9 billion and may yield as much as 35.4% annualized. In the event you intend to purchase ENA, the token is obtainable on Bybit, Binance, LBank and Bitget.
Athena (ENA) worth evaluation
Though Athena has solely just lately launched, you will need to have a look at the potential of its native token. Due to this fact, this part will give attention to its short-term evaluation and the way it could carry out in 2024. As well as, you’ll uncover long-term worth predictions between 2025 and 2030. Coin Version might additionally increase its prediction by predictions for 2040 and 2050 .
Ethena (ENA) Value Evaluation – Bollinger Bands
Within the 15-minute time-frame, ENA has been swinging up and down. In some unspecified time in the future, the token maintained an upward pattern. Nonetheless, there have been occasions when the bears pushed the value down. ENA's worth motion appeared regular for a token that launched a number of days in the past.
Indications from Bollinger Bands (BB) confirmed excessive volatility across the token. Nonetheless, ENA has not but been overbought because the higher BB band has escaped and touched the token's worth. It was the identical with the decrease bands. So the value might rise to $0.93 in brief. In a worst-case bear situation, ENA might fall to $0.71.
Ethena (ENA) Value Evaluation – Relative Energy Index (RSI)
On April 3, the RSI dipped under the 50.00 midpoint, indicating a rise in promoting stress. The decline might be associated to the best way merchants booked income after becoming a member of the token's launch pad.
At press time, the RSI has risen to 55.54, indicating that patrons are once more piling up the token. If the bulls keep this shopping for tempo, the value of ENA could climb greater. Nonetheless, if the bears cease the run, a lower under $0.80 might comply with.
Ethena (ENA) Value Evaluation – Transferring Common Divergence
Regardless of ENA's latest positive aspects, the MACD confirmed that consolidation might be subsequent for the cryptocurrency. At press time, the MACD worth was optimistic. Nonetheless, the 12 EMA (blue) and 26 EMA (orange) have been nearly on the similar level.
This place indicated that patrons and sellers have been lively available in the market. Due to this fact, it might be troublesome for ENA to focus in a single path. So the subsequent transfer might be sideways in keeping with the indicator.
Ethena (ENA) Value Prediction 2024
In 2024, traders like Arthur Hayes anticipate ENA's worth to go parabolic. For instance, in a put up on X (previously Twitter), Hayes famous that the inflow of the Asian market might push the value up. In one other put up, the co-founder of BitMEX famous that the value might attain $10.
Whatever the expressed optimism, it’s needed to investigate ENA from a technical perspective. In accordance with the 1-hour chart of ENA/USD, the Superior Oscillator (AO) has turned optimistic, indicating growing bullish momentum.
Coin Version additionally seemed on the Fibonacci extension, which confirmed that ENA might rise as excessive as $1.57 within the quick time period. With the state of those indicators, the value forecast for ENA in 2024 might be greater. If the remainder of the 12 months stays bullish, ENA might attain $2.50.
Ethena (ENA) Value Prediction – Resistance and Assist Ranges
From our evaluation, we noticed that the bulls camped on the $0.71 help, which took the token to $0.85. Nonetheless, ENA confronted resistance at $0.83 earlier than reaching this worth. However the shopping for stress was intense sufficient to clear the best way for additional development.
Regardless of the value enhance, there was overhead resistance at $0.90. If the bulls can break this resistance, then ENA could transfer nearer to $1. Nonetheless, a rejection at this level might push the value again to $0.80.
Ethena (ENA) Value Prediction 2025
As a result of enticing yield that Athena provides, the token might see a surge in demand by 2025. If that have been the case, the value of ENA might rise to as excessive as $5 by December of that 12 months.
Ethena (ENA) Value Prediction 2026
ENA's uptrend is anticipated to happen in 2026. Nonetheless, the value could not double to its potential in 2025. However it could rise as excessive as $8.75.
Ethena (ENA) Value Prediction 2027
By 2027, Athena's market cap might lower and the crypto market might be in a bearish part. On this case, the worth of ENA might fall to $6.28.
Ethena (ENA) Value Prediction 2028
The worth of ENA might get well in 2028 and presumably soar to double digits. From the elemental and technical evaluation, the value of the token could rise to fifteen USD.
Ethena (ENA) Value Prediction 2029
2029 might be a particularly bullish 12 months for ENA. It is because the sort of liquidity that the market can get might be unimaginable. Because of this, Coin Version positioned the value prediction at $22.50.
Ethena (ENA) Value Prediction 2030
In 2030, the ENA worth might be greater. Nonetheless, it is probably not 5 occasions what it might be in 2029. So the value forecast for 2030 is $37.45.
Ethena (ENA) 2040 Value Prediction
At a minimal, the value of ENA might be price $26.47 in 2040. Nonetheless, this doesn’t imply that there are not any bullish predictions for the token. If 2040 seems to be a bullish 12 months for the crypto market, ENA might rise to $43.32.
| Minimal worth | Common worth | Most worth |
| $26.47 | $31.28 | $43.32 |
Ethena (ENA) 2050 Value Prediction
The ENA worth estimate for 2025 might be as excessive as $50.38. The idea for this prediction might be linked to the excessive adoption of cryptocurrencies and development within the Ethereum ecosystem.
| Minimal worth | Common worth | Most worth |
| $36.35 | $41.26 | $50.38 |
Conclusion
Lastly, you will need to point out that Athena provides an excellent yield that customers can hardly get wherever else. Nonetheless, there are issues about whether or not the undertaking can keep the tempo of reward payouts if market situations are robust.
Whereas the CEO has addressed these points, customers could must be cautious. For the value of ENA, it began properly. Subsequently, evaluation of the token means that the worth might go greater. Whereas there could also be downsides, ENA has upside potential on this cycle.
Ceaselessly requested questions
ENA is the native token of Ethena, which is an web income undertaking developed on the Ethereum blockchain.
You should buy ENA from exchanges relying on which one you utilize or are snug with. A few of the exchanges that may purchase ENA embrace Binance, Bybit, and Bitget.
ENA could be a good funding. However it could be too early to conclude. Nonetheless, the 35.4% Annual Proportion Yield (APY) provided by the undertaking could appeal to many customers. If that is so, the demand for ENA could enhance and the value of the token could make big positive aspects.
Nonetheless, this is determined by Athena fulfilling her promise of the beforehand talked about reward. If that have been the case, then ENA might be an excellent funding. If not, it won’t be one to be careful for.
ENA's all-time excessive was $0.89. This occurred on April 4, 2024.
ENA has the potential to achieve $5 quickly. It doesn't must occur in a number of months. However which may be the state of affairs in a 12 months or rather less than two years from the time of writing.
The utmost provide of ENA is 15 billion tokens.
The token could surpass its present ATH as ENA is within the worth discovery part.
The bottom worth of ENA was $0.55 on April 2, 2024.
Athena has a number of founders. However not all are within the public area. Nonetheless, Man Younger is the CEO and co-founder of Athena Labs.
ENA was launched in 2024.
ENA storage is determined by how safety acutely aware you might be. You’ll be able to retailer ENA on the exchanges you purchase from. Moreover, you possibly can retailer tokens in a pockets like MetaMask. You even have the choice to retailer ENA on a hard and fast pockets resembling Trezor or Ledger.
The ENA worth estimate for 2024 might be $2.5.
By 2025, the value of ENA is anticipated to achieve $5.
ENA worth might attain $8.75 in 2026
In 2027, ENA might expertise promoting stress that would push the value as little as $6.28.
ENA is anticipated to bounce again in 2028 and will attain $15.
The worth of ENA in 2029 might be $22.50.
The worth prediction for 2030 might be $37.45.
By 2040, the value of ENA might soar to $43.32.
The utmost worth prediction for ENA in 2050 is $50.38.
Disclaimer: The data offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any form. Coin Version shall not be responsible for any losses incurred because of the usage of stated content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.
Disclaimer: The data offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any form. Coin Version shall not be responsible for any losses incurred because of the usage of stated content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.
