Ethena (ENA), which just debuted in early 2024, has quickly established a foothold in the cryptocurrency market with its innovative decentralized stablecoin model and strong liquidity mechanism. Now, with the market price only at $0.38, more and more analysts predict that by the end of 2025, the ENA coin is expected to surge to $0.8, making a doubling almost a trend.
Why can ENA double by the end of the year?
1. Pioneer of the stablecoin revolution Ethena's USDe, combined with derivative hedging mechanisms and spot liquidity, is a highly disruptive innovation in the DeFi market. As usage increases, the demand for ENA as a governance and incentive token will rise simultaneously.
2. Extremely high yields attract capital inflow According to the official website and third-party tracking, holding USDe or providing liquidity can enjoy an APY of over 30%, attracting a large amount of capital to be locked up, which also drives up the demand for ENA rapidly.
3. Backed by giants, increased institutional investment Well-known VCs including Binance Labs, Dragonfly, and Delphi Ventures have participated in investment, and institutional confidence will further support the token valuation.
Considering various predictions and market trends, if ENA starts to rebound again in the second half of the year, the probability of reaching $0.8 by the end of the year is extremely high.
