DigiTap Offers Earlier Entry Point Before Exchange Listing
Ethena has already experienced its breakout, but DigiTap offers retail buyers an earlier entry point before its first exchange listing. ENA traded near $0.14 in mid-September before jumping 71% to a local high above $0.23 by September 20. The token then continued to rise, reaching around $0.27 on September 26.
The move has been supported by the expansion of Ethena's USDe ecosystem and significant staking activity, with over $90 million worth of ENA entering staking from September 16 through September 22. However, this means that buyers who enter now are arriving after the breakout has already occurred.
DigiTap, on the other hand, remains in presale at $0.0589 and has not yet started public exchange trading. This allows retail buyers to enter before the first listing, potentially giving them a stronger position than those who buy into ENA after its breakout.