$ENA has surged over 80% in July, buoyed by new exchange listings, whale accumulation, and a broader crypto rally led by Bitcoin Yahoo Finance+15AInvest+15TradingView+15. Alongside, rumours of its fee‑sharing mechanism nearing activation saw a +43% spike, propelling ENA into the top-tier of altcoin performers this week AInvest+1CryptoRank+1.
At press, ENA trades around $0.50–$0.55, comfortably above its recent $0.45 support—a pullback deemed healthy and undervalued by analysts AInvest.
Why I ❤️ ENA:
Innovative DeFi utility: ENA governs USDe, a delta‑neutral synthetic dollar and sUSDe, an interest‑bearing Internet Bond—offering decentralized, bankless yield Investing.com+15CoinDesk+15Financial Times+15.
Institutional validation: Tapping Anchorage to launch USDtb under U.S. GENIUS stablecoin regulation adds mainstream credibility and sets a regulatory precedent AInvest+3CoinDesk+3FXStreet+3.
Robust tokenomics: With a circulating supply of ~6.35 B ENA (of 15 B max), the protocol distributes governance tokens wisely—including a 5% airdrop to USDe users and ecosystem reserves coinmetro.com+6Binance+6KuCoin+6.
Technical momentum: Broader metrics show volume and MACD strength, while pulling back to support adds structural validity.
