Ethena confirmed in its 2025 roadmap that it will launch the iUSDe stablecoin for institutions in February.
ENA token has crashed more than 35% in the last seven days and currently trades at $0.5 price level.
Analyst Ali Martinez predicted that the altcoin could soon soar to new heights while sharing a 4-hour chart.
Prominent analyst Ali Martinez predicts upward momentum for ENA, the native token of the Ethena ecosystem, despite recent bearish pressure. The cryptocurrency has experienced significant losses, dropping 35.37% over the past week and 12.64% in the last 24 hours. At the time of writing, trades at $0.5054.
ENA Price Analysis
Source: Ali Martinez
Source: TradingView
Meanwhile, the Relative Strength Index (RSI) reads a value of 32.67, also suggesting that the bears are in control. The gradient of the line indicates an entry into the oversold region, which could present favorable entry positions for investors. At the time of writing, the ENA token is breaking out of the lower end of the Bollinger Bands as bears and uncertainty dominate the crypto market.
Launch of iUSDe
According to the 2025 shared by Ethena, the iUSDe token will debut later this month. A date hasn’t been mentioned, but the developers are possibly working on rolling out the yield-bearing synthetic dollar. The token is based on the Ethena Staked USDe (sUSDe), which is a reward-bearing token that increases in value over time.
iUSDe aims to target institutions and is basically sUSDe with more restrictions at the token level and a simple additional “wrapper contract”. While Ethena’s USDe is currently the 3rd largest dollar-pegged stablecoin, an X user, “Gravano”, that iUSDe will be geared towards institutions, “creating a product that issuers such as Blackrock, Franklin Tem