Spot crypto recommendation ENA
Name: Ethena (ENA)
Maximum supply: 15 billion
First release: April 2, 2024
Circulation: 1.425 billion (9.5%)
Underlying technology: Based on the Ethereum blockchain, it is an ERC-20 token, which takes advantage of the security and decentralization of Ethereum.
Stabilization mechanism: As a synthetic dollar protocol, it relies on delta hedging strategy to maintain the USDe stablecoin pegged to the US dollar, and uses crypto assets and short futures positions as collateral to ensure stability.
Support stablecoins: Assist the operation of USDE stablecoins, provide economic incentives and governance foundations.
Protocol governance: Holders can vote on Ethena protocol governance decisions and participate in the development direction and rule-making.
Locked position income: You can earn income by locking positions on the platform, attracting users to provide liquidity for the protocol.
Price trend: The historical high is $3.5 and the lowest is $0.19. It has fallen by 47.06% in the past 30 days and increased by 42.95% in the past 6 months.
Market value: The circulating market value is about 680 million US dollars, and the fully diluted valuation has reached about 10 billion US dollars, with market potential.
Trading volume: 24-hour trading volume is 80.8461 million US dollars, and it has been listed on 42 exchanges, and the trading volume continues to grow.
Team background: Led by an experienced C-level executive team, members have rich experience in DeFi and financial markets.
Investors: Supported by well-known investors such as Arthur Hayes, Galaxy Digital, Franklin Templeton and Binance Labs.
Summary: Have you ever heard of buying ENA below $1 without thinking? Well, now it is 0.48, should we rush instead of retreating? If it goes up, you will see two or three dollars. If it goes down, you will not have the courage to enter the market. You can enter at 0.48-0.46, but remember to keep a spare bullet for replenishing the position.
#币安HODLer空投LAYER