Arthur

On April 2, 2024, the largest airdrop distributor, Ethena, launched its ENA token on the world’s biggest cryptocurrency exchange, Binance. Following its launch on Binance, the co-founder of BitMEX, Arthur Hayes, made a post on X (previously Twitter) expressing his confidence in the future potential of the ENA token despite the current market situation. Arthur Hayes’s big bet on ENA tokens 
In addition to Hayes’s optimistic view on the ENA token, he also highlighted the prediction that ENA would skyrocket to $10 by simply stating “ENA = $10.” Following Hayes’s post on X and the listing on Binance, the ENA token price soared over 180%. This is not the first time Hayes has made predictions about cryptocurrencies.
Congrats ⁦
Previously, his <a href="https://news.todayq.com/wif-price-jumps-50-arthur-hayes-suggest-it-will-hit-10/" rel="noopener noreferrer nofollow">predictions were on dogwifhat (WIF)</a>, SLERF, and BONK, all of which performed very well, with their prices massively soaring. However, this time, following Hayes’s prediction on ENA tokens, it may attract massive investors as well as whales.
The Ethena (ENA) protocol on Ethereum offers Internet Bonds for savings and USDe stablecoin, which isn’t pegged to the dollar but stabilized by blockchain and Delta hedging. USDe is generated from digital assets, maintaining stability through Ethereum lockups. Internet Bonds let users earn USDe rewards, distributed as ENA tokens to holders. ENA price-performance analysis 
Currently, Ethena’s ENA token is trading near $0.84, and in the last 24 hours, it experienced a massive upside momentum of over 28%. Additionally, the 24-hour trading volume is also at a record high and currently stands near $2.8 billion. This volume highlights investors’ interest in ENA tokens. However, this massive price surge and 24-hour volume in ENA tokens occurred during a period when the overall cryptocurrency market experienced a massive fall.
In addition to Ethena’s impressive listing on Binance and recent praise by Arthur Hayes, the overall cryptocurrency market is currently down by 0.7%. Top cryptocurrencies like Bitcoin, Ethereum, Ripple, Cardano, and many others experienced a price fall in their value.
If we look at the performance of Bitcoin, in the last 7 days, its price massively dropped from $71,500 to $64,800. However, at the current time, it is trading near the $66,400 level. Other cryptocurrencies like Ethereum, Ripple, and Cardano also experienced price drops of over 2% in the last 24 hours.

Arthur Hayes goes bullish on Ethena, expects ENA to hit $10

Todayq News

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