$ENA Token 🔥

Is ENA a promising cryptocurrency?📢

🎗ENA is a relatively new crypto that was launched only in April 2024. Within a short time, the token managed to rank in the top 100 cryptos by market capitalization. In terms of ranking by trading volume, the token sits at the 77th slot, signalling investor interest in the token. However, like the broader crypto market that is on a downtrend, the ENA token is also down. As of July 12, it is trading at $0.38.

However, as per technical analysis, the token is poised to surge to over $4 by 2030, making it a promising crypto.

Trade in ENA via CoinSwitch by downloading the app.

How do I use ENA?

• ENA token can be used as a value of transaction within the Ethena ecosystem facilitating operations and interactions. It can also be traded, bought, or sold from a crypto exchange like any other crypto.  

• ENA token holders can also stake their ENA tokens to earn staking rewards. 

• ENA is given as a reward to participants in the Ethena ecosystem for liquidity provision or for contributing to the protocol.

• With a total supply of 15,000,000,000 tokens, 30% of the ENA token is reserved for ecosystem development, including funding new projects or grants for developers.

Currently, the Ethena coin price has staged a strong comeback and is now trading for $1.16. The ENA token is now the 40th largest coin by market cap, valued at about $3.41 billion.