Ethena is a decentralised payment ecosystem built on the Ethereum blockchain. Its native currency is a synthetic dollar, which is backed by ETH, stETH, BTC, and USDT. Unlike other stablecoins pegged to the US Dollar, ENA is less reliant on the traditional financial system. It uses a new mechanism called delta hedging to prevent the effects of price instability on its synthetic dollar.
Keep reading to learn more.
What Is The ENA Token?
ENA is the native token that facilitates governance of the Ethena platform. The token distribution of ENA tokens is as follows.
- Investors – 41.59%
- Core Contributors – 49.91%
- Airdrop – 8.5%
The current price, market capitalization and other important indicators of the ENA tokens’s status in the cryptocurrency market is given below.
- Current Market Price: $0.721
- Market Capitalization: $1,164,844,848
- Fully Diluted Valuation: $10,814,807,099
- 24 Hour Trading Volume: $148,930,558
- Total Value Locked (TVL): $3,513,411,425
- Circulating Supply: 1,615,625,000
- Total Supply: 15,000,000,000
- Max Supply: ∞
Ethena (ENA) Price Prediction 2024–2030
The current price of the ENA token is $0.721.
The expected long term price range of the ENA token, with its yearly low, yearly average and yearly high prices for the years 2024, 2025, 2026, 2027, 2028, 2029 and 2030 is shown in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $0.63 | $1.45 | $1.55 |
| 2025 | $1.51 | $1.78 | $1.81 |
| 2026 | $2.08 | $2.55 | $2.57 |
| 2027 | $2.72 | $3.06 | $3.23 |
| 2028 | $2.72 | $3.06 | $3.23 |
| 2029 | $3.35 | $3.79 | $3.84 |
| 2030 | $4.75 | $4.94 | $5.20 |
Ethena (ENA) Price Prediction 2024
The detailed price prediction data of ENA token for the year 2024 is given in the table below.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| June 2024 | $0.72 | $0.72 | $0.72 |
| July 2024 | $0.60 | $1.31 | $1.54 |
| August 2024 | $0.65 | $1.14 | $1.58 |
| September 2024 | $0.60 | $1.01 | $1.53 |
| October 2024 | $0.65 | $0.91 | $1.59 |
| November 2024 | $0.60 | $1.00 | $1.58 |
| December 2024 | $0.65 | $1.32 | $1.53 |
Ethena (ENA) Price Prediction 2025
The detailed price prediction data of ENA token for the year 2025 is given in the table below.
| Year | Low Price | Average Price | High Price |
| January 2025 | $1.53 | $1.82 | $1.84 |
| February 2025 | $1.55 | $1.61 | $1.64 |
| March 2025 | $1.52 | $1.63 | $1.74 |
| April 2025 | $1.54 | $1.60 | $1.65 |
| May 2025 | $1.53 | $1.68 | $1.74 |
| June 2025 | $1.53 | $1.61 | $1.66 |
| July 2025 | $1.54 | $1.56 | $1.60 |
| August 2025 | $1.55 | $1.56 | $1.64 |
| September 2025 | $1.54 | $1.61 | $1.66 |
| October 2025 | $1.53 | $1.67 | $1.86 |
| November 2025 | $1.53 | $1.81 | $1.83 |
| December 2025 | $1.54 | $1.59 | $1.61 |
Ethena (ENA) Price Prediction 2030
The detailed price prediction data of ENA token for the year 2030 is given in the table below.
| Year | Low Price | Average Price | High Price |
| January 2030 | $4.87 | $4.96 | $5.28 |
| February 2030 | $4.86 | $4.94 | $5.11 |
| March 2030 | $4.87 | $5.02 | $5.19 |
| April 2030 | $4.86 | $4.92 | $5.10 |
| May 2030 | $4.87 | $4.98 | $5.07 |
| June 2030 | $4.87 | $5.03 | $5.18 |
| July 2030 | $4.87 | $5.06 | $5.18 |
| August 2030 | $4.86 | $4.87 | $5.33 |
| September 2030 | $4.87 | $5.01 | $5.15 |
| October 2030 | $4.87 | $5.05 | $5.30 |
| November 2030 | $4.87 | $4.97 | $5.13 |
| December 2030 | $4.86 | $4.97 | $5.24 |
Where And How To Buy ENA Tokens?
ENA tokens are listed in the following exchanges.
- Gate.io
- Binance
- Bybit
Here are the steps to buy ENA tokens from any of the above exchanges.
- Choose a cryptocurrency exchange from where you wish to buy ENA tokens.
- Create an account on the account. Give your personal details and the copy of a government authorised identity card for KYC verification.
- Link a crypto wallet to your exchange account. Do not forget to deposit the required amount of base currency in the crypto wallet.
- On the exchange, select ENA tokens from the listed tokens.
- Complete the transactions by following the instructions given on the exchange’s purchase page.
- Once the transactions are completed, make sure that you have received the tokens in your account.
The Bottom Line: Is ENA A Good Investment?
ENA tokens are currently having an unfavourable, bearish market with 15 technical analysis indicators showing bearish trends and 4 technical analysis indicators showing bullish trends.
The final verdict is that ENA tokens are not a profitable investment in 2024–2030. So you should take care while investing in these tokens owing to its bearish market sentiments. Base your decisions on the market condition of the token. You should be careful so that you do not fall into the traps created by the market instability and general volatility of the cryptocurrency market.
