#ENAUSDT🚨
ENA Token Features & 2025 Price Forecast:
1. Synthetic Stablecoin Protocol – Built on Ethereum, Ethena issues USDe, a crypto-backed synthetic dollar using delta-neutral hedging with spot & futures positions .
2. Dual-Token Model – ENA handles governance and incentives; ETHA manages protocol governance .
3. Delta-Hedging Design – Stabilizes USDe by shorting ETH futures against staked ETH deposits .
4. Staking & Yield – ENA holders stake for voting rights and rewards; USDe yield comes from staking returns and derivatives .
5. Robust Tokenomics – Max supply capped at 15B with ~6B circulating; vesting schedules control distribution .
6. 2025 Price Projections – Moderate forecasts center around $0.21–$0.29 .
7. Bearish Range – Some technical models suggest low ~$0.25 .
8. Bullish Scenarios – Upside cases reach $0.52–$0.70 if adoption and DeFi growth accelerate .