ENA USDT UPDATE š„š„š„
We captured 80% move on ENAšš
What a perfect move captured guys!!
As of today, Ethena's (ENA) price is fluctuating around $0.41, showing a slight positive trend over the last 24 hours. Recently, ENA has been experiencing some bullish momentum, with a 17% price surge reported after a proposal to add Solana (SOL) and its liquid-staked variants as reserve assets for Ethenaās stablecoin, USDe.
This move is aimed at diversifying the asset pool and improving stability and scalability.
Analysts see potential for further growth, with targets around $0.50 and $0.69, provided the upward momentum continues.
Ethena's synthetic dollar (USDe) has gained traction, with a market cap surpassing $2.5 billion, offering a decentralized financial solution.
The project has also made significant partnerships, such as with BlackRock and Securitize, to strengthen its position in the stablecoin market.
The price has the potential to rise further, with a target of $0.5+ in the near term, supported by the current momentum
