Ethena Price Prediction As Its Co-founder Buys $25M $ENA: Best Altcoin To Buy?

Crypto assets that show resilience during a broad market downturn tend to have strong latent demand, making them excellent bets for when the market outlook improves. Ethena (ENA) fits the bill perfectly. 

While most large-cap assets are in the red and Bitcoin is down nearly 4%, the Ethena price is up 30% over the past week. In fact, it has posted the second-largest gains of any top 100 cryptocurrency on CoinMarketCap. 

Notably, Ethena co-founder Guy Young has accumulated 48 million $ENA, worth $20.41 million. The move boosts confidence in the asset, potentially hinting at bullish developments that trigger a strong rally in ENA. 

Widely considered as a beta bet on Ethereum, ENA is being viewed by experts as one of the best altcoins to buy. 

Smart money investors remain bullish in their Ethena price predictions, with some even considering a 10x rally to $5 a possibility. 

Why Is Ethena Pumping This Week?

Ethena’s sound fundamentals have caught the attention of serious crypto investors. 

Its synthetic dollar, USDe, is backed not by fiat but by a delta-neutral strategy, pairing staked ETH with matching short futures. This setup keeps it stable, on-chain, and yield-generating, without the capital inefficiency of over-collateralized models. 

Investors are also drawn to Ethena’s growing ecosystem, which includes real-time funding-based yield, institutional-grade transparency, and plans for broader integration. 

As the demand for stablecoins grows following the passage of the GENIUS Act, Ethena is being seen as a credible, scalable investment with real utility.

Unsurprisingly, Binance co-founder Changpeng “CZ” Zhou is bullish on the project. Just last month, CZ’s YZi Labs increased its investment in Ethena. Notably, YZi’s incubation is also what put the new popular crypto, Aster, on the map. 

This week, Ethena’s co-founder Guy Young bought over $20 million worth of the company’s native token, which has created intense speculation that a massive bullish development could be on the horizon. 

Ethena Price Prediction: Can ENA Hit $5?

Smart money investors are bullish on ENA. Crypto Patel predicts that the Ethena price could hit $5 this bull cycle. 

He highlights $0.30-$0.40 as a golden buying zone, indicating that Ethena is one of the best altcoins to buy today. As per his prediction, $0.68, $1.24, $2.60, and $5 are the next price targets. 

Besides, ENA has formed a massive bullish divergence in the weekly timeframe during last week’s flash crash. This is evident by a lower low in its price and a higher low in its Relative Strength Index (RSI-14). 

A new bullish uptrend is on the horizon, which explains why the Ethena price is outperforming the broader market during this week. 

Ethena Could Deliver 10x Returns, Pepenode 100x

One of the key reasons for Ethena’s bullish strength is its strong correlation with Ethereum. With the ETH price projected to hit $7000 this year, altcoins like ENA could deliver outsized returns. 

Among the low-cap gems, Pepenode fits the bill. This new meme coin rose to prominence on the back of its unique mine-to-earn utility, and has already raised over $1.8 million in its ICO. 

Pepenode’s virtual mining system introduces a completely new way for investors to earn within the meme coin market. 

Instead of relying on hardware or energy-intensive setups, holders can use their tokens to purchase virtual Miner Nodes and build server rooms that generate hashpower and rewards. 

The process is fully gamified and takes place through an interactive dashboard, making it simple and accessible for all users. Each upgrade to a facility boosts mining efficiency and triggers a deflationary burn, permanently reducing the token supply. 

This constant burning mechanism, combined with real-time reward generation, makes Pepenode’s ecosystem both engaging and sustainable as it continues to attract early investors.

Investors can earn rewards in the form of both PEPENODE as well as popular meme coins like Pepe and Fartcoin. They can also stake their coins and earn attractive passive income, currently at a reward rate of nearly 700%. 

Unsurprisingly, many early buyers and experts are calling Pepenode the next 100x crypto.