The altcoin market has been going through a very active period lately, with increasing investor interest and the emergence of new projects. One of the prominent projects of this activity is Ethena (ENA), which was launched as the Binance Launchpool project. ENA, which was listed on many exchanges in a short time and achieved an increase of over 20%, attracted the attention of Arthur Hayes, one of the leading names in the cryptocurrency market. Hayes created excitement among investors by predicting that ENA’s price could rise to $10.
Ethena (ENA): $10 prediction from Arthur Hayes!
The cryptocurrency market has been very active lately and Ethena (ENA) is one of the prominent names of this activity. ENA, which was launched as the Binance Launchpool project and listed on many exchanges in a short time, achieved an increase of over 20%. This rise attracted the attention of Arthur Hayes, one of the leading names in the cryptocurrency market. BitMEX former CEO Arthur Hayes noted the popularity of ENA and predicted that the price of ENA could rise up to $10. Hayes used the following statements in his post on his Twitter account:
“The price of ENA is currently around $3. It’s impressive that it reached this level even when it wasn’t listed on Korean exchanges. What will happen when Korean investors get into the game? It wouldn’t surprise me if ENA goes to $10.
This post by Hayes caused great repercussions in the cryptocurrency market. Many investors started investing in ENA and the price of ENA rose to $4 in a short time. ENA is a DeFi project launched as a Binance Launchpool project. ENA is a platform that allows users to perform transactions such as staking, lending and borrowing. The native token of ENA is ENA.
Why is the price of altcoin ENA rising?
There are several reasons why ENA’s price is rising. The most important of these is the launch of ENA as the Binance Launchpool project. Binance Launchpool is a platform developed by Binance to present new and promising cryptocurrency projects to its users. Projects on Binance Launchpool usually attract great attention and experience a rapid increase in prices. cryptokoin.com As we reported, the stock exchange listed the altcoin on the platform yesterday. Exponential also added ENA to futures trading. On the other hand, some whales received ENA as an airdrop reward.
Another reason for the increase in ENA’s price is the increased interest in the DeFi sector. DeFi means decentralized finance and offers an alternative solution to traditional financial systems. DeFi projects enable users to make financial transactions without the need for banks or other financial institutions. Arthur Hayes’ $10 prediction seems like an attractive option to invest in ENA. However, it is important that you research ENA and the DeFi sector thoroughly before investing. The cryptocurrency market is a very risky market and there is always a risk of losing all of your investments.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.