ENA Coin Forecasted to Reach $10: Arthur Hayes’ Prediction as Bybit Incorporates USDe
12d ago•
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- BitMEX co-founder Arthur Hayes predicts ENA to reach $10 as Bybit integrates Ethena Labs’ USDe for perpetual futures and BTC/ETH spot trading pairs.
- Bybit’s integration of USDe aims to enhance trader yield and capital efficiency.
- ENA surges 4.08% post-integration, with a trading volume of $436M and a market cap of $1.42B, ranking 63rd globally.
Arthur Hayes predicts a bullish future for ENA as Bybit integrates Ethena Labs’ USDe for perpetual futures and BTC/ETH spot trading pairs, pushing ENA’s market cap to $1.42B.
Arthur Hayes’ Bold Prediction for ENA
BitMEX co-founder Arthur Hayes has made a bold prediction regarding ENA, the governance token of Ethena, suggesting it could reach $10. This forecast aligns with the recent declaration that Bybit, a cryptocurrency exchange, will adopt USDe, the synthetic dollar produced by Ethena Labs, as a collateral asset. The integration involves adding Bitcoin and Ether spot trading pairs, which could have a meaningful influence on its market dynamics and adoption.
