Galaxy

Launchpool

Generation

Arthur

Ethena

<div class="dailyhodl">
 <p>BitMEX founder Arthur Hayes is predicting one new decentralized finance (DeFi) altcoin project will take off on a massive rally once the broader crypto market resumes an uptrend.</p>
 <p>Hayes is predicting that Ethena (ENA), a governance token launched by Ethena Labs for the project’s DeFi protocol, could soar more than 817% from the current value.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>Hayes is one of the investors in the project along with investment giant Franklin Templeton, digital asset manager Galaxy Digital and Binance Labs.</p>
 <p><em>“Congrats Ethena Labs on a successful TGE (Token Generation Event). If this is what ENA is worth [when] the market is puking, imagine how high it will go once we resume up only! ENA = $10. It’s just math yo.”</em></p>
 <p>ENA is trading for $1.09 at time of writing, up more than 25% in the last 24 hours.</p>
 <p>The Ethena Labs project also includes the yield-earning “synthetic dollar” token USDe. The project aims to create a stable and scalable form of money in the crypto space without relying on traditional banking systems.</p>
 <p>A number of crypto exchanges have listed the token for trading, including the world’s top exchange Binance. <span style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;">Ahead of the listing, ENA became Binance’s 50th project added to its Launchpool platform, which lets users stake coins to farm new assets.</span></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/new-ethereum-based-altcoin-just-listed-on-binance-to-explode-over-800-predicts-bitmex-founder-arthur-hayes-tbt84408.html">https://thebittimes.com/new-ethereum-based-altcoin-just-listed-on-binance-to-explode-over-800-predicts-bitmex-founder-arthur-hayes-tbt84408.html</a></p>

New Ethereum-Based Altcoin Just Listed on Binance To Explode Over 800%, Predicts BitMEX Founder Arthur Hayes

TheBitTimes

Other articles published on Apr 4, 2024

Layer 3 Altcoins Emerge as Profitable Investment Choices in Crypto Markets

Cryptocurrency Fetch.ai Up More Than 6% In 24 hours

Ripple Labs’ Latest Move: Launching a New Stablecoin Soon

Agorá: BIS’s Bold Venture into Tokenization

Bitcoin Ascends to $67.5K Amid Decrease in US Unemployment Claims

The 3 RWA Crypto Altcoins Poised for 50X Returns

Join our free newsletter for daily crypto updates!