The post Ethena Price Prediction 2024-2030: Will ENA Price Cross $10? appeared first on Coinpedia Fintech News
With high anticipation of a bull run in 2024, altcoins are preparing for a bull run season in the fourth Bitcoin Halving year. Amidst the plethora of altcoins, the newly launched token of Ethena Labs, ENA price predictions project a high likelihood of an uptrend.
Following the early gains during the listing phase, the ENA price trend is now under a pullback. While this brings an opportunity to buy at lower levels, the recent volatility in the market makes investors cautious.
Will the ENA token price manage to refuel the bullish recovery or take a dip below the crucial support of $0.86? So, what does Ethena’s future hold? Are you intrigued by the underlying shift in ENA tokens?
Let’s explore the anticipated ENA price predictions for 2024 to 2025.
What’s New Ethena (ENA)?
Ethena Labs is a synthetic dollar protocol focused on revolutionizing DeFi with a censorship-resistant model.
USDe is an Ethereum-based synthetic dollar that maintains stability by collateralizing ETH.
USDe recently launched on Swell’s Layer 2 network.
Ethena Labs is distributing 750 million ENA tokens to its early adopters, representing 5% of its total supply.
Ethena Labs has integrated its protocol with centralized exchange wallets, including Binance, Bybit, OKX, and Bitget.
ENA Price Prediction 2024 – 2030
Ethena’s Price Forecast May 2024
With the ongoing pullback phase, the ENA token price trend turns sideways around the $0.81 demand zone. However, the 50 EMA in the 4H chart keeps a dynamic barrier keeping the bullish growth under check.
With the broader market recovery, a bullish bounce in ENA price could soon lead to reclaims the $1 psychological mark. Conversely, a dip under the $0.81 supply zone could plunge the price of Ethena labs token to $0.50.
ENA Price Prediction 2024
With the increasing possibility of a bull run in 2024, Ethena labs token, ENA price shows immense upside potential. Further, with a high-value use case backing the altcoin, it could become a choice for institutional investors.
Moreover, with a broader market recovery, the ENA price could end 2024 in an extremely bullish tone. If the uptrend manages to surpass the $2 mark, it could end the year at $5.772. On the downside, a breakdown under $0.81 could drop it to $0.50.
Price PredictionPotential Low ($)Average Price ($)Potential High ($)20240.50$2.525.772
Ethena Price Prediction 2025
As the year after Bitcoin Halving is known for extending the bull run, the ENA token could find a bullish surge. Siphoning the broader market momentum, the ENA price could surpass the psychological mark of $10 to hit $15.12.
On the other hand, if Ethena takes a minor dip in 2025, the price of ENA can plunge to $9.51.
Price PredictionPotential Low ($)Average Price ($)Potential High ($20259.5114.4615.12
ENA Price Prediction 2026 – 2030
YearsPotential Low ($)Potential Average ($)Potential High ($)202610.315.7721.24202711.5318.4725.41202812.0620.228.34202917.9224.6331.34203019.2427.2335.22
ENA price prediction 2026:
Ethena’s price for 2026 could range between $10.30 to $21.24, with an average price of approximately $15.77.
Ethena price prediction 2027:
Ethena’s price for 2027 could fluctuate between $11.53 to $25.41, with an average price of around $18.47.
ENA price prediction 2028:
Ethena’s price for 2028 might lie within the range of $12.06 to $28.34, with an average price of $20.20.
Ethena price prediction 2029:
Ethena’s price projection for 2029 could vary from $17.92 to $31.34, with an average price of roughly $24.63.
ENA price prediction 2030:
Ethena’s price for 2030 might fluctuate between $19.24 to $35.22, with an average price of $27.23.
CoinPedia’s ENA Price Prediction
As per Coinpedia’s Ethena Price Prediction, the increasing adoption of Ethena Labs token could surge the ENA price in the coming years. As the first year of existence, 2024 could be bullish for ENA.
AS per Coinpedia’s Ethena (ENA) price prediction, the ENA token price could potentially drive the price higher to $5.772 in 2024 if the market faces a bullish boost.
Price PredictionPotential Low ($)Average Price ($)Potential High ($)20240.50$2.525.772
Market Analysis
20242025DigitalCoinPrice$5.64$7.96CoinCodex$ 3.04$ 6.58
FAQs
What is Ethena?
Ethena is a synthetic dollar and internet-native yield platform built on Ethereum. At the core of Ethena’s ethos lies USDe, a synthetic dollar designed to promote stability and scalability within the DeFi ecosystem.
Is Ethena a good investment?
Yes, Ethena might definitely be a good investment, if you are looking to invest for the long term.
Will Ethena hit $10?
Ethena is poised for growth in the coming years and could surpass the $10 in mid-2025.
How high can the ENA price go by the end of 2024?
The price of ENA could possibly claim the $5.772 mark by the end of 2024.