$ENA
Top trader Eugene has a very positive view on the ENA (Ethena) token. He once posted on social media that Ethena is the fastest-growing DeFi product in history, and the scale of its stablecoin USDe has expanded to US$3 billion in a few months, showing its rapid growth potential. Ethena aims to capture the largest market share in cryptocurrencies, Tether’s $160 billion market share. Ethena is transforming from a “DeFi-native stablecoin” into a legitimate stablecoin contender with a superior value proposition and significantly improved distribution channels.
Eugene also mentioned that due to the numerous inefficiencies in the market, there is now an opportunity to purchase ENA at a price lower than WIF’s market capitalization, entering the largest market segment in cryptocurrencies. He foresees ENA returning to $1 levels and believes he would be surprised if ENA fails to become a top 20 coin by market capitalization. Ethena has the foundation to scale USDe to billions or even hundreds of billions of dollars, and as crypto stablecoins gain greater market share due to international cross-border payments, trillions of dollars are not impossible.
Eugene's view is based on ENA's growth potential, market transformation, and possible future market capitalization growth. He emphasized the importance of ENA in the DeFi field and believed that ENA is a bet on the next big dream in the crypto field in this cycle. Therefore, according to Eugene, the ENA token has a high investment value and the market has not yet fully realized its potential.
