Ethena hit the ground running immediately after launch, with ENA gaining 99% in the past week for a $1.9 billion market cap, just eight days since its airdrop to USDe holders.
While some like BitMEX founder Arthur Hayes believe ENA will shoot to $10, other experts have expressed caution, noting that many of the assumptions that Ethena is built on won’t always hold.
The current bull market has seen several crypto projects launch to great success in a few months—Dogwifhat launched in November and is now worth $3.4 billion, while Book of Meme launched on March 14 and is worth $705 million. However, few projects have skyrocketed as fast as Ethena’s ENA.
Ethena Labs airdropped ENA tokens on April 2 to holders of the USDe DeFi stablecoin, with top exchanges like Binance and Bitget listing it upon launch, as Crypto News Flash reported. Since then, it has become one of the best-performing tokens in the market and boasts a $1.96 billion market cap.
At press time, ENA trades at $1.37, gain

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/ethena-surges-99-is-it-worth-betting-on-ena-amidst-concerns-and-confidence/?utm_source=rss&utm_medium=rss&utm_campaign=ethena-surges-99-is-it-worth-betting-on-ena-amidst-concerns-and-confidence