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$ENA next hit 1$
Ethena (ENA) is an Ethereum-based decentralized protocol that issues a synthetic stablecoin called USDe, designed to maintain stability through a delta-hedging strategy against market volatility. The ENA token serves as the governance token, allowing holders to vote on key protocol decisions. Currently, ENA is priced around $0.73–$0.74, showing a strong 18–19% gain in the past 24 hours. It is trading well above its all-time low (~$0.195 in September 2024) but below its all-time high of $1.52 (April 2024). This positions ENA as an actively traded token with both governance utility and growth potential in the DeFi ecosystem