4 catalysts that could push Ethena price past $1 in August
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: crypto
Updated: Aug 13 2025Ethena's Growth and Market Performance: Ethena's total value locked (TVL) has surged past $10 billion, with its token ENA trading at $0.7911, reflecting a 36% increase over the past week and a 141% rise in the last month, driven by factors such as growing adoption of its synthetic stablecoin USDE and significant buyback initiatives.
Future Potential and Market Drivers: The upcoming launch of the Converge blockchain, potential listings on major exchanges, and increasing institutional participation are expected to further boost ENA's demand and price, with a target of reaching the psychological $1 mark if bullish momentum continues.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
