$ENA
Traders believe ENA will reach $1. Recently, trader Eugene Ng Ah Sio expressed high expectations for the Ethena project. He considers Ethena to be the next big dream bet in crypto.
Ethena has scaled its stablecoin USDe to $3 billion in just a few months, and no other stablecoin is growing as fast as USDe. Aiming to compete for Tether’s $160 billion market share, Ethena has begun to transform from a “DeFi native stablecoin” into a legitimate stablecoin competitor with a superior value proposition and significantly improved distribution channels. Ethena’s growth and potential are highly recognized by Eugene Ng, who foresees that ENA (Ethena’s token) is expected to return to the $1 level and potentially become a top 20 token by market capitalization.
