USDe narxUSDE

Ethena $ENA price has crashed by 57% from its highest level in December as sentiment in the crypto industry weakened. Ethena’s ( $ENA ) decline has mirrored that of most altcoins. For example, Ethereum has dropped by over 32% from its December peak, while Cardano $ADA has fallen by 45%. Despite the ongoing token crash, Ethena’s network continues to perform well. The total value locked in the network, or the USDe stablecoin market cap, has surged to over $6.12 billion, nearing its all-time high of $6.2 billion. USDe has now become the fourth-largest stablecoin in the industry, trailing only Tether, USD Coin, and USDS. Its 427,000 holders earn an annual return of approximately 10%, generated from arbitrage opportunities within the network. Ethena price technicals point to a comeback The daily chart shows that ENA formed a double-top pattern at $1.3065 between December and January. This pattern, characterized by two peaks and a neckline, at $0.8470 in this case, explains why ENA has plunged nearly 60% from its highest level this year. Ethena has also dropped below the 50-day moving average, signaling that bears remain in control. However, on the positive side, ENA is slowly forming a falling wedge pattern. The upper boundary of this pattern connects the highest swings since January, while the lower trendline links the lowest points since December. With the two lines nearing their confluence level, a bullish breakout may be imminent. A strong breakout could push the price higher, potentially retesting the double-top level at $1.3062, around 130% above the current price. The bullish outlook is further supported by oscillators approaching oversold levels. The Relative Strength Index (RSI) has dropped to 35 and is approaching the key oversold threshold of 30. Historically, assets tend to rebound upon reaching oversold conditions. However, a drop below the key support at $0.4425, represnting the lower boundary of the wedge, would invalidate this bullish scenario.

Ethena Releases January USDe Asset Custody Attestation #Bitcoin $BTC

Ethena releases January USDe-supported asset custody certificate, USDe supply is 5.739 billion Ethena released the January USDe support asset custody certificate, the data is as of 18:00 on January 22, 2025 Beijing time. The USDe supply is 5.739 billion, of which Copper custod…

$BTC $ETH $DOGS Good morning everyone Ethena’s USDE, a yield-bearing stablecoin, similarly peaked on Dec. 19, 2024, the same day as USDT, with a market cap exceeding $6 billion. It has since decreased by $190 million, leaving the current market valuation of USDE at $5.81 billion. Meanwhile, two other stablecoins, USD0 and USDX, are climbing the rankings as their supplies expand.

Galaxy Research has published its 2025 predictions for the cryptocurrency market. Key forecasts include: Bitcoin (BTC) could surpass $150,000 in the first half of the year, reaching $185,000 by year-end, continuing to outperform traditional assets like the S&P 500 and gold. Ethereum (ETH) is expected to rise above $5,500. At least five Nasdaq 100 companies and five countries will create BTC reserves, although the US may not establish a strategic reserve but could utilize existing reserves. The stablecoin market cap is predicted to double to over $400 billion, with Tether's dominance falling below 50% due to competition from new projects such as Blackrock (BUIDL), Ethena (USDe), and Coinbase/Circle (USDC Rewards). DeFi is forecasted to enter the "dividend era," with over $1 billion distributed to users and token holders. Layer 2 networks will generate more economic activity than Alt L1 blockchains, with L2 fees surpassing 25% of the total Alt L1 fees by year-end. On-chain governance will see a resurgence, with a 20% increase in active voters. Digital assets will be integrated into the services of the world's largest custodial banks, facilitated by new regulations from the OCC allowing national banks to store cryptocurrencies. US Spot Bitcoin ETPs are expected to surpass $250 billion in AUM. Crypto startup investments will exceed $150 billion, a 50% increase from the previous year. Dogecoin (DOGE) will reach a price of $1 and a market cap of $100 billion, maintaining its status as the largest memecoin. The SEC will investigate Prometheum, the first "designated broker-dealer," for alleged connections to SEC Chairman Gary Gensler's practices.$BTC $ETH