ENA value surges 504% in 90 days, fueled by anticipation for USDtb launch. Strong market interest boosts ENA’s growth potential.
Ethena’s native token ENA value has surged by 13% in the last 24 hours, making it the top gainer in the market. This price increase comes as investors eagerly await the launch of Ethena Labs’ new stablecoin, USDtb. This market is showing a very strong reaction to USDtb’s impending release.
However, in recent years, ENA has received more support than in previous years. It is now likely to hit its historical high of $1.52, a level it last touched in April this year. The coin is currently valued at $1.28, having risen by 504% in the last 90 days. This sharp rise means that there is increasing optimism about the performance of ENA and more so its future prospects.
Indeed, Ethena Labs kept the buzz going on December 13, with a post on X. This post also included a video that discusses specifically the USDtb display page. In the video, Ethena Labs hinted that the stablecoin might be launched on December 16. As we count down to the final day, the market remains on the edge.
ENA Poised for Growth as USDtb Launch Sparks Investor Interest
This has been due to the increased demand for ENA by people who heard about the upcoming launch of USDtb. This has been reflected in the rising trading volume and the increasing price of the altcoin. With increasing number of traders and investors participating in the market, ENA has even strengthened its position in the market.
This increased value of ENA indicates that investors are expecting the success of USDtb. This means more adoption for ENA and it could grow with this stablecoin as more people get attracted towards it. Since the launch of USDtb is imminent the market is paying close attention to how it will affect the ENA price.
Therefore, the price of ENA increased due to expanding bullish sentiment regarding Ethena Labs and a soon-to-be-launched stablecoin. The anticipation for the launch of USDtb increases as the time for the implementation of ENA nears. Since its demand is rather high and its trading volume is on the rise, ENA appears to be ready for new records in the near future.
