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ENA Historical Price and Return Analysis: Should I buy ENA now?
Summary
This article provides a comprehensive review of ENA (Ethena)'s historical price movements and market fluctuations since its inception, combining data from bull and bear market phases to evaluate the potential returns for investors purchasing 10 ENA tokens. It also addresses the key question, “Should I buy ENA now?” to help both beginners and long-term investors grasp timing and growth opportunities.
Beginning of Bull Market and Early Market Cycle: Historical Price Review (2024 to 2024)
Ethena is a synthetic dollar protocol based on Ethereum. According to records, its early trading price was approximately $0.50. The protocol aims to provide a crypto-native solution for currency systems that do not rely on traditional banking infrastructure, along with a globally accessible dollar-denominated savings tool—“Internet Bonds.”
Below is the price performance of ENA during the initial market phase:
2024
An investor who bought 10 ENA in 2024 and sells today would face a potential loss of $4.019.
Bear Market Adjustment and Mid-term Market Cycle: Return and Risk Analysis (2025 to 2025)
In 2025, ENA’s price experienced a significant decline due to market correction.
Potential returns for an investor purchasing 10 ENA during this period:
2025
Recent Market Cycle: Should I Buy ENA Now? (2026 to Present)
Recently, ENA has continued its downward trend, with the market in a correction phase.
2026
Potential returns for an investor buying 10 ENA from 2026 to now:
Conclusion: Bull, Bear, and Investment Timing Analysis
By analyzing ENA’s historical prices and potential returns, we observe a continuous downward trend since early 2024. From an initial annual increase of 152.54% to a subsequent two-year decline, the market has experienced a clear bear phase. Regardless of when investors purchased 10 ENA tokens, they are currently facing negative returns, indicating long-term value pressure on the project. When considering whether to allocate funds to ENA, investors should carefully assess risks and stay attentive to project developments and market sentiment shifts.