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Buy Ethena (ENA) in India at ₹18.7

Live ENA/INR Price

₹18.7

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4.3%

Price Changes

₹0.8

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4.3%

24h Low

₹18.7

24h High

₹19.76

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What is the Ethena (ENA) cryptocurrency?

Ethena (ENA) is the native token of the Ethena ecosystem. It is also a governance token that allows ENA token holders to vote on important decisions related to the Ethena ecosystem. The token is an ERC-20 standard, which means it can be easily traded, exchanged, and integrated into Ethereum-based apps seamlessly.

Reasons to buy Ethena (ENA) in India

1. As per technical analysis, the ENA token is poised to surge to over $4 by 2030.

2. Although it was launched only in April 2024, the token ranks among the top 100 coins by market cap.

3. Ethena is backed by prominent figures in the crypto space like Dragonfly and Arthur Hayes.

Three things to know before buying Ethena (ENA)

• ENA has a total supply of 15 billion ENA tokens.

• Unlike traditional stablecoins, USDe is not pegged to fiat currency.

• At its core, Ethena aims to offer a truly decentralized financial system.

Highlight

Ethena is a synthetic dollar protocol built on Ethereum designed to offer a stablecoin solution independent of traditional banking systems.

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Price Statistics

ENA Price Today

ENA Price

₹18.7

Price Change 24h

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4.3%

Price Change 7d

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0.68%

Market Rank

#47

Market Cap

₹14,523 Cr.

Trade Vol 24h

₹733 Cr

Circulating Supply

₹769 Cr. ENA

Trading Activity

79% Buy21% Sell

FAQ's

1. What is Ethena (ENA) crypto?

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Ethena (ENA) is a decentralized finance (DeFi) protocol developed on the Ethereum blockchain. It aims to provide a stable, censorship-resistant base money asset within the crypto ecosystem. Ethena introduces a synthetic dollar called USDe, which is designed to offer stability and reliability akin to traditional stablecoins.

Ethena’s primary functions include minting, redemption, and staking of the USDe. This protocol ensures key operations like the creation and exchange of USDe, making it a globally accessible savings tool and a cornerstone for the DeFi space. Ethena’s current live price is approximately $0.492144 USD, with significant trading volume and market activity.

2. How Can I Buy Ethena (ENA) In India?

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To buy Ethena in India directly, you can engage in P2P (Peer to Peer) trade. If there’s somebody you know who already has Ethena, you can buy directly from them.

OR

You can use decentralized exchanges to connect with a seller and buy Ethena from them.

The easiest way to take the simplified route is to download the CoinSwitch App!

3. How to Buy Ethena (ENA) in India Directly?

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You can buy Ethena in just 4 steps on the CoinSwitch App:

• Open the CoinSwitch App, click on the Market tab from the bottom navigation, and select Ethena.

• Click on the ‘Buy’ button.

• Enter the amount that you would like to buy Ethena for, say ₹100, and click on the ‘Preview Buy button

• Check all the details of your order and proceed by clicking ‘Buy.’

Congratulations, you just bought your first Ethena!

4. How Can I Buy Ethena In India?

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CoinSwitch App helps you buy Ethena in India with ease. You can start buying Ethena with just ₹100. To know more about buying Ethena: Click Here

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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