CoinGape
2025-01-04 08:58:31

Why ENA Coin Could Be The Next Weekly Gainer?

In 2024, Ethena (ENA) was one of the cryptocurrencies that shined the most, gaining major attention from investors. However, things might go to another level after its strategic growth and new development plans. This gets interesting with the 2025 roadmap revelation, where the team has introduced some significant updates and additions, which could possibly bring a massive ENA Coin price rally, making it the biggest weekly gainer next. Ethena Roadmap Prepares ENA Coin To Rule The Crypto Market With the ENA roadmap 2025 , the team has introduced two important and progressive updates that could nearly guarantee the Ethena Coin’s dominance in the crypto market. These updates include the launch of iUSDe , a synthetic dollar product built on sUSDe that will compete with others with its compliant and yield-generating features. This introduction of yield-bearing assets could bring together decentralized financial (DeFi) returns and traditional financial (TradeFi) security. However, this is just the start, as the ENA roadmap mentioned Ethena’s launch of a saving and payment application for the popular social media platform Telegram. This is the biggest step in ENA Coin mass adoption, as Telegram has a positive image in the crypto market plus has millions of active userbases. Additionally, its features can help millions of people to access the iUSDe, bringing the banking experience. There’s also an Apple Pay integration to bridge the gap between TradeFi and crypto savings, eventually setting the Ethena Coin price and network up for massive growth. Ethena Network’s 2024 Performance Hints At Poised Growth Other than the iUSDe and Telegram payment service launch, there is much more for the Ethena Network expansion, like the launch of Ethereal (perpetual and spot exchange building on sUSDe), Derive (product protocol), Builder incentives, and much more. However, 2024 has given it a strong foundation, providing much better support for further growth, even for the ENA coin price. Ethena’s USDe witnessed rapid adoption in 2024, growing to a $6B supply within just 10 months. It was also the fastest USD-denominated asset to achieve the $ 5 billion supply, with more than 60% of the centralized crypto exchanges supporting it. Even Trump’s crypto project, World Liberty Financial collaborated with Ethena for an Aave-based protocol. This has indefinitely helped the network, increasing its adoption and demand. Could ENA Coin Price Hit $3 With This? The ENA coin price surged more than 16% after the 2025 roadmap plans were revealed. This has happened as the trading volume surged 68% to $669.95M, indicating the enthusiasm surrounding this digital asset. With that, it just stands 20% away from the ATH of $1.52, set nine months ago, but analysts’ ENA price prediction says that it could hit $3 with the building enthusiasm. The crypto analysts, CryptoBull, presented an interesting revelation, claiming that the Ethena price chart has surpassed the consolidation level and is showing heavy bullish sentiments. The current price is above the 50 and 200EMA, favoring the strong bullish trend, with the possible breakout above the $1.37 resistance. A breakout above will confirm that the buyers have taken over the token, creating a support level for further rally. Eventually, the ENA price could target the $3.33 resistance zone. Will ENA Be the Next Weekly Gainer? The Ethena network will be going through many fundamental developments in 2025. It includes its new iUSDe launch, multiple partnerships, and even a payment application development for Telegram. This and its previous achievements make clear that ENA has a bright future ahead. Many crypto analysts have shown enthusiasm for Ethena’s growth and its impact on the ENA Coin price. Regarding the future price action, the Ethena coin is just 20% away from the ATH. Still, the continuation of the current ENA price rally could cover that, as there is a strong bullish trend and high enthusiasm around the holders for the ENA’s roadmap for 2025. Some analysts even predict that the Ethena price will hit $3 with the continuity of this trend, eventually making the ENA the biggest weekly gainer at some point. The post Why ENA Coin Could Be The Next Weekly Gainer? appeared first on CoinGape .

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