Ethereum Based Altcoin: Ethena (ENA) on Binance

Bittime - BitMEX founder Arthur Hayes has made an interesting prediction about one of the newest altcoin projects that has just listed on Binance.

According to him, the decentralized finance (DeFi) altcoin called Ethena (ENA) will experience a significant increase, reaching more than 800%.

Arthur Hayes Predictions

Arthur Hayes, who is also one of the investors in the project, along with Franklin Templeton, Galaxy Digital, and Binance Labs, estimates that ENA's value could soar as much as 817%. 

He expressed his confidence in a tweet, saying that at its current value of around $1.09, if the market continues to rise, then ENA could reach $10.

Also Read: Today's Market Price Trends: Analysis of ONDO Price Changes and Projections

The predictions are based on the market's continued improvement in performance, as well as the project's potential in the DeFi industry.

Check Current Crypto Market:

Ethena Labs and DeFi Projects

Ethena Labs is the team behind the Ethena (ENA) project, a governance token launched to power DeFi protocols. 

Apart from ENA, the project also launched the USDe token, a “synthetic dollar” that aims to create stability within the crypto ecosystem without depending on the traditional banking system.

Also Read How to Buy Crypto:

Listing on Binance

ENA has been successfully listed on several crypto exchanges, including Binance, one of the world's leading exchanges. ENA's listing on Binance was a major highlight, as the project became the 50th project added to Binance's Launchpool platform. 

This allows users to stake their coins to invest in new assets, providing an opportunity for investors to engage more deeply with the project.

Arthur Hayes' prediction about the potential increase in ENA's value shows confidence in the future of the Ethena project. 

With backing from renowned investors and a listing on a leading crypto exchange such as Binance, Ethena has a strong foundation to experience significant growth in the future.

Check Today's Crypto Prices:

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and secure way through Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to purchase crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, make sure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can buy crypto assets in the application.

Learn How to Buy Crypto on Bittime .

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out current crypto market trends in real-time on Bittime.

Also Read:

Regulatory Overview of Ethereum ETF Proposals

Ethereum and Its Struggle Against Resistance So It Can Go Fast

Ethereum vs Octoblock: Which is More Attractive for Staking Investment?

DISCLAIMER: This article is informative and does not constitute an offer or solicitation to sell or buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in crypto asset exchange rate fluctuations.