Arthur Hayes of BitMEX predicts a major rally for a decentralized financial (DeFi) Altcoin once the crypto markets resume an upward trend.
Hayes predicting Ethena is a woman (ENAEthena Labs’ governance token, launched for DeFi Protocol of the project, is expected to increase in value by more than 817 percent.
Hayes, along with the investment giant Franklin Templeton and digital asset managers Galaxy Digital and Binance Labs are among the investors of this project.
“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.”
ENA currently trades at $1.09, up over 25% from the previous day.
Ethena Labs also offers a yield-earning component. “synthetic dollar” token USDe. The project’s goal is to develop a scalable, stable form of crypto money without having to rely on the traditional banking system.
Binance, the largest crypto-exchange in the world, is one of the exchanges that have the token listed for trading. Binance has already listed ENA as its 50th project. added Launchpool is a platform that lets users launch apps. stake To farm coins, you can buy new assets.
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