Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
CoinGape 2025-03-10 14:50:36

Analyst Explains Why Retail Investors Should Stay Away From Ethena (ENA)

Analyst Explains Why Retail Investors Should Stay Away From Ethena (ENA)

Ethena (ENA) has gained significant traction ever since its launch, but its price performance gains excitement and skepticism simultaneously. Considerable concerns exist as the token has not created a new ATH in a year. Adding to the skepticism, one crypto analyst warns the retail investors to stay away from this altcoin. Why? Let’s discuss this. Analyst Reasons Why Ethena Is a Risky Investment Apart from Ethana’s price performance, the most significant concern is high valuation. Crypto analyst ‘DeFi Mochi’ claims that the ENA’s fully diluted valuation (FDV) stands at a staggering $6.7 billion, whereas early investors got in at an average FDV of just $82 million. This means the early investors are already making 72x despite the current crypto market crash . Although this is an impressive point, there’s a high risk of sell-off, putting retail investors at risk of losing everything. This is because their trade could excite liquidity for early adopters, as they would rush to take profits. Another critical point or red flag is that there’s high Venture Capital (VC) dominance, making it vulnerable to sell off again. In addition, the ENA token unlock is another factor to consider. Just a few days ago, 2.07 billion tokens were unlocked, and 937.5 million tokens will be released on April 2, 2025, which could lead to significant downward pressure on the ENA price. Based on these points, crypto analysts advised new investors to stay cautious about this altcoin’s price performance. How’s Ethena Price’s Performance Today? After a significant recovery, the Ethena price gained bullish momentum . It trades at $0.4499, with a 24-hour volume of $436.92 million, showing a high demand among investors. Although the token is handling the market turbulence quite well, it is 70% away from its ATH of $1.52, set a year ago. Looking at its derivative data, long positions are clearly dominant, as the traders are betting on the ENA price rally. However, its volatility is high as its holders faced high liquidation amid the crash. Will ENA Price Rally Continue? The future price outlook for ENA remains uncertain as there’s high volatility. A few analysts believe that the token’s crucial support is $0.46, and if it falls below, it will retest between $0.42 to $0.44, the current levels. Once it breaks out above $0.50, it can lead to an uptrend toward $0.55 and higher toward $0.60. However, that would require a jump from the current levels, especially as the recent 2.07 billion unlock could introduce additional volatility. A Investors must cautiously track the Ethena price trajectory and market trend before jumping into any decision. The post Analyst Explains Why Retail Investors Should Stay Away From Ethena (ENA) appeared first on CoinGape .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
539
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.