Ethena ($ENA) - Details and Price Predictions
đ„No time to waste because only 17 hours left to Farm your $ENA
You don't wanna miss it.
Ethena is the newest project on #Binance Launchpool.
Is it a potential project? Let's find out
What is Ethena ?
Ethena is a synthetic dollar protocol built on #Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument - the 'Internet Bond'.
Price Predictions
Recent projects on Binance launchpool have been quite successful after listing :
- Ether.fi was launched with a market cap of $380M and x2 after 10 days
- Aevo was launched with a market cap of $330M
- Portal Token was launched with a market cap of $356M
- Pixel marketcap at the time of launch $400M
- Altlayer marketcap at the time of launch $560M
- Xai marketcap at the time of launch $420M
In my opinion, after listing EtherFi Market cap will be around $350M - $450M
With Initial Circulating Supply: 1,425,000,000 (9.5% of total supply)
$ENA price will be around $0.24 to $0.32
The price will adjust down a bit due to selling pressure from Launchpool Farmers but will rebound after a few days sideways.
Synthetic dollar protocol is one of the areas that will attract a lot of cash flow in the upcoming bull run season and remember, $ENA belongs to the BinanceLaunchpool category, the project's Market Cap can completely x2 - x4 this year when $BTC halving is approaching and Positive news from macroeconomics (FED decided to reduce interest rates 3 times this year, US inflation index decreased, unemployment rate stabilized -> no economic recession )
THAT is all my opinion on Ethena.
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