Harga EthenaENA

It’s April 2025. Bitcoin is at $85,000 Ethereum is sitting at $1,604 Solana is hanging around $138 We were promised a golden bull market. But many people are asking: “Did crypto fail this cycle?” Let’s break it down honestly, using facts — not hype. 1. Bitcoin: Up, But Not Explosive Yes — Bitcoin made a new ATH of $108K in March. That was huge. But now we’re down over 20%, back at $85K. That’s not a crash — but it’s not the moonshot people expected either. - Many expected $150K+ - Most retail bought late - Smart money is taking profits Reality: BTC performed. But expectations were way too high. 2. Ethereum: Hugely Underwhelming ETH is at $1,604 That’s lower than it was during parts of the 2023 bear market. Why? - ETH ETF still not approved - High competition from L2s and other chains - Solana and Base stealing momentum - Unclear regulatory stance (Is ETH a security?) Despite Ethereum’s major upgrades (like proto-danksharding), the market doesn’t care — yet. Reality:Ethereum didn’t fail. The market shifted. 3. Solana: Resilient, But No Blowout SOL is holding steady at $138. It’s up from bear lows — but far from its $250+ all-time high. However, Solana: - Became the **meme coin capital of this cycle - Hosts high-speed, low-fee transactions - Gained serious developer traction Still, its success was drowned in **short-term speculation, not long-term adoption. Reality:Solana carried the fun, but didn’t break out. 4. Altcoins: A Bloodbath Let’s be real: - 90% of altcoins are down 70–90% from their 2021 highs - New coins are popping up daily — and dying just as fast - Real utility projects are ignored - Pump & dump meme coins dominate the headlines Most altcoin investors this cycle are sitting on bags of disappointment. Reality: Altcoins didn’t fail — people just chased the wrong narratives. 5. Memecoins Took the Spotlight - $WIF, $BODEN, $DOG — these led the charge. - No product, no roadmap, just vibes. Memecoins were the only sector where: - Users made 10x, 50x, even 100x - Community mattered more than code - The game was easy to play (buy early, sell on hype) But how many held too long and got rugged? A lot. Reality:Memes didn’t fail. They just reminded us — it’s a casino out here. 6. NFTs and Airdrops? Weak. - NFT floor prices are dead or dying - Airdrops like $W, $ALT, and $ENA disappointed - Most “airdrop farmers” made peanuts after months of grinding The promised “free money” wasn’t that free. And the “digital collectibles revolution”? It stalled. Reality:Expectations were high. Results were mid. 7. Real Adoption: Still Missing Yes, we got: - More crypto credit cards - Some Bitcoin acceptance in El Salvador & Africa - New developer grants & scaling solutions But… - Your landlord doesn’t take USDC - Schools aren’t teaching crypto - Most people still don’t know how to use a wallet Reality:Crypto is growing, but it’s still niche. So, Did Crypto Fail? No. But it exposed a lot. It exposed: - The gap between hype and real progress - How unprepared most investors are - That true adoption is slower than influencers suggest - That narratives change fast This wasn’t a failure — it was a reality check. The Real Win? Survival If you didn’t: - Blow your portfolio - Get rugged - Chase memes blindly - Abandon the space in frustration… You won. This cycle was messy, unpredictable, and underwhelming — but it wasn’t the end. It was a filter. The next cycle? It belongs to the builders, the learners, and the ones who stuck around when it wasn’t fun. Crypto didn’t fail. It just reminded us — this is not a shortcut. It’s a revolution. And revolutions take time. $WHY $WCT $PEPE $WIF $WEN $CHEEMS $MUBARAK $BABY $ADA $BTC $ETH $SOL

7/ ENA & Stablecoins ENA, Ethena's governance token, will secure the chain via sENA staking. But unlike other L1s, Converge won't just use ETH for gas. Instead, USDe and USDtb - stablecoins issued by Ethena/Securitize - will power transactions. The dollar becomes the gas.

⚡️ Ethena and Securitize to Launch Converge Blockchain Mainnet in Q2 2025 • Tech Stack: Built on Arbitrum and Celestia. • Timeline: Testnet goes live in the coming weeks, mainnet set to launch by the end of Q2 2025. • Gas Tokens: Ethena’s USDe and USDtb will be used for transaction fees. • Security: Converge Validator Network (CVN) will secure the network, requiring validators to stake ENA. • Hybrid Structure: Supports both KYC-free DeFi apps and regulated institutional products, bridging TradFi and crypto.

$ENA | 4H Price is in deep discount zone, here we tapped 4H SCB or the most discounted OB. We have inversed that 4H gap, now I'm anticipating move toward Buyside.

Ethena and Securitize to launch RWA-focused Converge blockchain mainnet in Q2 Ethena and Securitize plan to launch the RWA-focused Converge blockchain mainnet in the second quarter. The Converge blockchain will use Arbitrum and Celestia to provide fast block times. In addition, USDe and USDtb will be used as gas tokens, as well as a validator network secured by ENA. (CoinDesk)