The Rise of Ethena: A New Era for Decentralized Finance?

Published: 2024-10-29
Status: Analyzed

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Prediction
Topic
Status
ENA token could see a 30x to 40x price increase during the current bull market, potentially reaching a market cap comparable to Luna's peak of $40 billion.
"you could argue that teras Luna is a good proxy for how big Ena could grow during this bull market as they are both decentralized stable coin protocols despite being technically different take a second to consider that Luna grew to a market cap of $40 billion so that could mean a 40x for Ena or probably closer to 30X if you factor in all of the vesting"
ENA
Pending
Ethena will soon add SOL as a collateral asset, and will likely add other cryptocurrencies in the future if their futures markets grow sufficiently.
"it's likely to add additional cryptos as collateral if their Futures markets become big enough uh you might remember me of course mentioning how Athena will soon be adding soul for this reason"
SOL
Pending
Ethena protocol revenue could reach billions of dollars between October 2024 and the end of 2025, driven by a rallying crypto market and increased long positions.
"Athena's protocol Revenue will rise as the crypto Market starts to rally and that's because more Traders will start going long and more Longs means more fees paid to short Traders which includes of course the Athena protocol. Consider that long fees were generating yields as high as 40% in March and this means that Athena could earn billions of dollars in protocol revenue between now and the end of next year"
Ethena Protocol Revenue
Pending