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Home»Altcoins»Its Price Bounces – Analyst il Capo Issues Hot Statement
Altcoins

Its Price Bounces – Analyst il Capo Issues Hot Statement

NBTCBy NBTC21/02/2025No Comments2 Mins Read
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Ethena (ENA), operating in the decentralized finance (DeFi) space, has released its 2025 roadmap, revealing key milestones for the coming year.

The company’s primary focus for the first quarter is to provide its customers with seamless access to Ethena’s product, iUSDe, through partnerships with traditional financial distribution networks.

Additionally, Ethena announced plans to introduce a new use case for its savings-focused stablecoin, sUSDe. The feature will integrate directly into the Telegram messaging app, allowing users to send, spend, and save in a mobile neobank-like environment.

Ethena aims to redefine mobile financial services with its Telegram integration. According to the company, the upcoming feature will include a direct connection to Apple Pay, allowing users to effortlessly switch between holding sUSDe as a savings asset and making payments with a tap from their smartphone.

Following the development, the ENA price gained approximately 15% in value.

Chart showing the rise in ENA price.

One of the names well-known in the cryptocurrency world, il Capo of Crypto, also spoke about the token in his statement. According to the analyst, before the rise, a triple bottom point formation was formed on the ENA chart and a strong rise occurred from there. In addition, il Capo added that ENA constitutes the largest part of his portfolio.

*This is not investment advice.

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