The developing DeFi project Ethena (ENA) has made waves in the crypto world following its latest launch. The project’s popularity has led to a price increase of over 20%. However, this rise could just be the beginning. BitMEX co-founder Arthur Hayes has made striking predictions for ENA, foreseeing a rally up to $10.
Hayes’s Enthusiastic Prediction for Ethena (ENA)
Hayes’s optimistic predictions about ENA have sparked significant debate and curiosity within the crypto community. The addition of the project to the Binance Launchpool platform has particularly increased interest in ENA and excited investors.
BitMEX co-founder Arthur Hayes has recently expressed his support for the DeFi project Ethena. Hayes’s forecast of ENA’s price potentially rising to $10 has drawn attention in the crypto world. His statements on platform X have increased optimism and speculation among investors, leading them to closely monitor Ethena’s performance.
It is also worth mentioning that Korean traders have not yet participated in trading the cryptocurrency ENA. A strong rally in ENA’s price is anticipated with the entry of Korean investors into the market.
Hayes’s Support for ENA
Hayes’s support could make the altcoin Ethena a favorite among investors. Endorsements by well-known figures for promising projects can shift market dynamics and intensify investor interest.
Hayes’s predictions could increase interest and investment in Ethena, boosting its price and market value. During a period of rapid growth in the crypto market, endorsements from industry leaders play a critical role in shaping market perception and adopting new Blockchain technologies.
However, due to the nature of the cryptocurrency market, there is no guarantee that every prediction will come true. At the time of writing, Ethena’s price has risen by 22.93% to $0.8384, with a trading volume exceeding $2.79 billion. In the last 24 hours, the token has reached as high as $0.8987, while its lowest level was $0.5275.
If Hayes’s prediction comes true, this could mean a 12-fold increase for the cryptocurrency ENA. Such a forecast for the project’s future certainly signals hope for investors.
