dogwifhat

Arthur

Ethena

<p>The post <a href="https://coinpedia.org/price-analysis/arthur-hayess-10-ethena-prediction-flops-ena-plummets-to-0-32/">Arthur Hayes’s $10 Ethena Prediction Flops? ENA Plummets to $0.32</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In recent days, the overall cryptocurrency landscape has faced massive selling pressure as a result top assets see a notable decline in their value. Amid this downturn, Ethena (ENA) an Ether-based token looks in trouble as it plummeted over 30% price decline in the last 7 days. With this massive decline, ENA hits its lowest mark.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="683" src="https://image.coinpedia.org/wp-content/uploads/2024/08/04002640/ENA_All_graph_coinmarketcap-1024x683.jpeg" alt="" class="wp-image-334522" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/04002640/ENA_All_graph_coinmarketcap-1024x683.jpeg 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/04002640/ENA_All_graph_coinmarketcap-300x200.jpeg 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/04002640/ENA_All_graph_coinmarketcap-768x512.jpeg 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/04002640/ENA_All_graph_coinmarketcap-150x100.jpeg 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/04002640/ENA_All_graph_coinmarketcap.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: Coinmarketcap
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="h-arthur-hayes-s-ena-prediction-nbsp"><strong>Arthur Hayes’s ENA prediction&nbsp;</strong></h2> 
<p>Following its launch on Binance, BitMEX ex-CEO and co-founder <a href="https://x.com/CryptoHayes/status/1775202856351728113" target="_blank" rel="noreferrer noopener nofollow">Arthur Hayes</a> predicted that ENA would hit $10, but looking at its current performance it appears to flop as it made a new low of $0.32 level.&nbsp;</p> 
<p>However, following his prediction post on X (previously Twitter) ENA soared and made a high of $1.523. Since then it has continued to fall and experienced an 80% price drop as of now.</p> 
<h3 class="wp-block-heading" id="h-ethena-price-performance-analysis-nbsp"><strong>Ethena price-performance analysis&nbsp;</strong></h3> 
<p>At press time, ENA is trading near $0.32 and has experienced a 12% price decline in the last 24 hours. Whereas, if we look at the performance of ENA over a longer period, in the last 30 days it has seen the same 30% price decline.</p> 
<p>Meanwhile, ENA’s trading volume increased by 13% signaling a higher level of participation from investors and traders.&nbsp;</p> 
<p>However, this participation might come from the ENA sell-off as it made a new low. Apart from trading volume, its open interest (OI) also plummeted by 11% in the last 4 hours, which indicates interest from the crypto community.</p> 
<h3 class="wp-block-heading" id="h-arthur-hayes-s-past-wif-prediction"><strong>Arthur Hayes’s past WIF prediction</strong></h3> 
<p>Ethena was not only the prediction that Hayes had made, earlier he set a $10 target for the world’s fourth biggest meme coin <a href="https://coinpedia.org/research-report/a-smart-trader-buys-the-dip-adds-68-million-worth-of-ethereum/">dogwifhat (WIF)</a>.&nbsp;</p> 
<p>However, due to this ongoing selling pressure, WIF also sees a massive decline. As of now, WIF tops the list in terms of price drop as it experienced over 15% price decline in the last 24 hours.</p>

Arthur Hayes’s $10 Ethena Prediction Flops? ENA Plummets to $0.32

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