$ENA

Ethena (ENA) is a cryptocurrency project based on the Ethereum platform, functioning as a governance token within the Ethena protocol. The protocol is designed to offer a stablecoin known as USDe, aiming to provide stability and high capital efficiency without centralized control.

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

ENA was launched on Binance Launchpool, allowing users to earn it by staking BNB and FDUSD tokens. The farming process began in March 2024, and users could trade ENA on platforms like ENA/BTC, ENA/USDT, and ENA/BNB starting from April 2024.

Based on the technical analysis of the provided chart:

- The current price of the token is $0.733.

- The chart shows a decline after reaching a peak of $1.523, but it appears to be stabilizing at $0.733.

- The Relative Strength Index (RSI) at 41.496 indicates that the token is neither in the oversold nor overbought territory.

- The moving averages suggest a bearish trend at the moment.

Given this information, if you are considering investing in ENA, it is important to take into account market volatility and conduct personal research on the project. However, since it is at its lowest point since its launch and has the potential to rise, it could be a great opportunity.