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Ethena Founder Addresses Comparisons With Terra Luna’s Failed UST; 25x Price Gain Imminent on $RECQ Presale

Market Musing-g

Ethena Founder Addresses Comparisons With Terra Luna’s Failed UST; 25x Price Gain Imminent on $RECQ Presale

ENA

1 year ago

•

4 mins read

TLDR
Ethena Labs’ Founder Addresses Concerns Over Ethena’s High Yield
$RECQ Presale Sees Unprecedented Growth as Investor Demand Surges in Stage 1 of Its Presale

The post Ethena Founder Addresses Comparisons With Terra Luna’s Failed UST; 25x Price Gain Imminent on $RECQ Presale appeared first on Coinpedia Fintech News

TLDR

Ethena (ENA) has increased by 2.94% despite concerns about the sustainability of its yields program.
Rebel Satoshi ($RECQ) has emerged as the top pick for the best crypto to buy with its impressive blockchain ICO performance.

Amid the recent price struggles observed for top DeFi projects, concerns have begun to grow about the sustainability of Ethena’s high-yield offering. As a result, many experts have chosen Rebel Satoshi’s $RECQ as the best altcoin to buy. This assessment has been attributed to $RECQ’s impressive presale run and the success of $RBLZ, Rebel Satoshi’s governance token. Let’s find out why investors choose $RECQ over ENA.

Ethena Labs’ Founder Addresses Concerns Over Ethena’s High Yield

On April 2, Guy Young, founder of Ethena Labs, addressed concerns about Ethena Labs’ high-yield strategy. Young spoke out amid divided opinions on whether Ethena’s yield strategy is unsustainable.

“It is a really weak, surface-level argument to compare what Ethena is doing to Luna,” Young said. “The core difference here is thinking about what’s backing the stable asset. Ethena’s USD is fully backed and fully collateralized,” he added.

Contrary to forecasts based on the recent market bust, Ethena’s value has increased since this news. On April 5, ENA was worth $1.02, and after about a week, it rose by 2.94% to $1.05 on April 10. Following this price action, Ethena experts anticipate that the value of ENA will continue to rise. They have made this forecast due to the privacy provided by Ethena and estimate that ENA will reach $2.56 by May.

In contrast, some other experts on ENA have predicted a bearish future, attributing it to the growing apprehension over Ethena’s high yields. These analysts believe that Ethena’s ENA token will drop to $0.67 by the end of April, and they have recommended investing in Rebel Satoshi’s $RECQ token instead.

$RECQ Presale Sees Unprecedented Growth as Investor Demand Surges in Stage 1 of Its Presale

Rebel Satoshi is a top ICO project that aims to transform the cryptocurrency market by championing decentralization in the financial sector. The project includes two ERC20 coins, $RBLZ, and $RECQ, which enhance governance and utility on the platform.

During the $RBLZ presale, Rebel Satoshi raised $2.5 million, positioning it among the best-performing ERC20 currencies. After the $RBLZ token’s introduction on Uniswap, CoinStore, and other decentralized exchanges (DEXes), early investors received an impressive 150% return on their investment.

The success of the $RBLZ presale has led to the launch of the $RECQ token’s presale, with Stage 1 currently selling at $0.0037, representing an 85% increase over the initial Early Bird price of $0.0020. The $RECQ gains are expected to continue, with the next stage anticipated to reach $0.0044. After the presale, Rebel Satoshi’s Stage 1 $RECQ investors are estimated to earn a 237.84% ROI when the token hits its target price of $0.0125.

Holding the $RECQ token provides additional benefits, such as the ability to purchase exclusive NFTs and access the captivating Rebel Satoshi Arcade game experience.