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ENA Price Shoots 25% As Ethena Pitches Direct Competition to Tether

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Summary
Nutrition label

61% Informative

Ethena Finance has scaled its USDe stablecoin to a $3 billion market cap making it the fastest-growing DeFi project in history.

USDe provides a 5-8% yield premium over the Fed fund rates, attracting yield-seeking investors.

The ENA price has shot up by 25% moving to $ 0.35 with its market cap surging past $920 million .

Analysts believe this, along with the launch of the UStb stablecoin, will accelerate USDe's adoption and growth.

ENA price lost some ground after hitting the peak of $ 1.45 in April this year .

The market is seeing a major reversal from here onwards.

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VR Score

38

Informative language

24

Neutral language

18

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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