ENA Historical Price and Return Analysis: Should I buy ENA now?

Summary

This article provides a comprehensive review of the historical prices and market fluctuations of ENA since its inception. Combining data from bull and bear market phases, it evaluates the potential returns for investors purchasing 10 ENA tokens and answers the key question, “Should I buy ENA now?” to help both beginners and long-term investors grasp the timing and growth potential of their investments.

Beginning of Bull Market and Early Market Cycles: Historical Price Review (2024)

Ethena is a synthetic USD protocol based on Ethereum. According to CoinMarketCap, its early trading price was approximately $0.5.

Below are the price changes of ENA during the early bull market phase:

2024 Year

• Opening Price: $0.5
• Closing Price: $1.26
• Highest Price: $1.26
• Lowest Price: $0.2127
• Annual Return: 152.54%

An investor who bought 10 ENA tokens during the early bull market in 2024, if sold today, would have a potential loss of -$2.483.

Recent Market Cycle: Should I buy ENA now? (2025 to date)

In recent years, ENA has experienced a significant downward trend, with the market entering a correction phase.

2025 Year

• Opening Price: $0.878
• Closing Price: $0.2517
• Highest Price: $0.878
• Lowest Price: $0.2082
• Annual Return: -71.33%

The potential returns for an investor purchasing 10 ENA tokens during this period are as follows:

• 2025: -$6.263

Summary: Bull and Bear Markets and Investment Timing Analysis

By analyzing ENA’s historical prices and potential returns, we see that the project experienced a sharp correction after its peak in 2024. Investors need to carefully evaluate whether the current stage is an appropriate time to deploy capital and whether they should buy ENA at this stage.