BitMEX founder Arthur Hayes has made a bold prediction for Ethena (ENA), a new Ethereum-based altcoin. Hayes believes that ENA could skyrocket by over 817% once the crypto market recovers.
Investment Backing
Hayes is not the only one bullish on ENA. Investment giants Franklin Templeton, Galaxy Digital, and Binance Labs have also invested in the project.
Ethena Labs’ Goals
Ethena Labs aims to create a stable and scalable form of money in the crypto space. The project includes a yield-earning token called USDe and a governance token called ENA.
Binance Listing and Launchpool
ENA has recently been listed on Binance, the world’s largest cryptocurrency exchange. It was also added to Binance’s Launchpool platform, allowing users to earn ENA by staking other coins.
Current Value and Potential
At the time of writing, ENA is trading at $1.09, up over 25% in the last 24 hours. Hayes believes it could reach $10, a potential increase of over 800%.
Disclaimer
It’s important to note that Hayes’ prediction is just that – a prediction. Cryptocurrencies are highly volatile and should be invested in with caution.
