July 2025 was a good month for ENA — the token’s up more than 80% in weeks. But the burning question now is: will Ethena keep rising, or is there a correction in store later in the year? And in the long term — is ENA simply riding the wave of hype, or does the protocol actually have substance?
Ethena is, right now, one of the most exciting projects in the cryptoverse, hoping to shake up stablecoins with an entirely on-chain, decentralized solution. Its core product, USDe, is a synthetic dollar that isn’t pegged to or supported by good old-fashioned cash reserves. The token, instead, uses a shady trick — balancing long spot positions with short futures — to keep its peg at $1, all while not involving banks or middlemen. There’s also sUSDe, a spinoff of the token that earns yield with clever trading in the futures markets.
But nobody’s guaranteeing a free ride. The stability of USDe relies on smooth-riding derivatives markets and adequate liquidity. Large shocks, such as funding rate meltdowns or extreme volatility, will send the entire protocol into chaos. It’s a new, experimental thing, so all good, but for the long term, it’s untapped. In general, Ethena is giving us a cool glimpse of the future of what a decentralized “internet dollar” could become — thrilling, but most definitely not risk-free.
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Is Ethena a good investment prospect?
Let’s look at the Ethena price forecast and make our minds up.
Ethena coin price prediction: general trend
ENA is currently trading at around $0.49 as of July 24, according to per crypto.news. It’s been on a good run lately — up 7.3% in 24 hours, 28.4% in the past seven days, and 83.3% in the previous month. On the 21st of July, the price even hit the high of $0.58, the highest since the month of March.
Of course, that’s a long, long way from its all-time high of $1.52 back in April of 2024, but that recent surge certainly got people’s attention.
1 ENA 1-day chart, July 2025
Hard to say for sure, but several things may have played a part:
ENA got listed on the Upbit platform — the largest exchange in South Korea — back on the 11th of July, so that probably brought in some new investors.
There are also speculations of the whales accumulating their collections of ENA, in addition to more capital entering the ecosystem in general.
On top of all that, a company called StablecoinX recently announced that they plan to become the first publicly traded corporation to hold Ethena in their treasury.
And let’s not forget — Bitcoin (BTC) hit the high of $123K in the month of July, so that probably gave the entire market a nice kick in the pants.
With all that in consideration, let’s now take a closer look at the Ethena price forecast 2025 and see what the experts are predicting for the near term.
According to CoinCodex’s Ethena price forecast, ENA may be in for a small fall — they’re forecasting that could dip more than 25%, potentially to as low as around $0.36 come August 22. But all is not lost; throughout the year, the token may recover anywhere in the range of $0.33 to $1.36, so there is even so far the potential for the upside.
As of July 24, the general ENA price forecast is very positive. Of 26 technical signals CoinCodex is currently tracking, 22 are flashing out bulls signals, only 4 are flashing out bears signals.
On the more optimistics, DigitalCoinPrice’s Ethena price forecast for 2025 is forecasting that ENA is going to shatter through its all-time high record and trade in the range of $1.03 to $1.08 before long.
Wallet Investor is a bit more doubtful in their ENA forecast. Their chart shows the mean price is set to turn in around $0.345 come the end of 2025, and the range is immense—Ideally, low could be the price of as low as $0.0129, whereas high could reach as high as high of $0.677.
Opinions are very different here — but certainly, ENA’s future is going to be a rough ride.
Ethena price forecast 2030
According to CoinCodex’s forecast for ENA, the token could be in trade in the range of anywhere up to a high of $0.63 down to a low of $1.45 come the year 2030 — not bad at all.
Wallet Investor offers us a far more dire forecast, with the potential high of only $0.00618 in July 2030 and a low that registers even lower, down to around $0.00206.
Much rosier estimates are given for ENA when we use DigitalCoinPrice, expecting to see anything from $2.32 all the way up to the end of the decade to $2.67.
There’s a lot good in the project and plenty of room for the upside, but the estimates of the price are all over the proverbial map. If you’re comfortable with a little risk and you like the new approach to the stablecoin market, then taking a shot with ENA might be the way to go. But if you’re the play-it-safe type, you might need to back away and see how things develop before you make the investment.
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