$ENA

ENA is a digital currency project based on the Ethereum platform, and operates as a Governance Token within the Ethena Protocol. The protocol is designed to offer a stablecoin known as USDe, which seeks to provide stability and high capital efficiency without central control.

The total supply of ENA is 15 billion tokens, with 30% allocated to the project’s core contributors, 30% to ecosystem development, 25% to investors, and 15% to future initiatives to scale the project.

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ENA was launched on the Binance Launchpool, where users can earn it by staking BNB and FDUSD tokens. The farming process began in March 2024, and users were able to trade ENA on platforms such as ENA/BTC, ENA/USDT, ENA/BNB, etc. from April 2024【10†source】【11†source】.

In terms of technical analysis based on the image:

The current price of the coin is $0.733.

The chart shows that the currency witnessed a decline after reaching the highest level at $1.523, but it shows some stability at $0.733.

The Relative Strength Index (RSI) at 41.496 indicates that the currency is not in the overbought or oversold area.

- The moving averages are indicating a downward trend at the moment.

Based on these data, if you are thinking about investing in ENA, you should take into account market fluctuations and personal research about the project.

However, since it is at its lowest point since its launch and rise, it is a more than wonderful opportunity..