Crypto News – A well-known cryptocurrency researcher, Alex Wacy, forecasted a 100x increase during an anticipated altcoin season, which coincided with a notable spike in Ethena (ENA), the artificial U.S. dollar protocol constructed on the Ethereum network.
Alex Wacy’s Prediction: Ethena Crypto Could Grow 100x in Altcoin Season
ENA is now trading at $0.9148, up 13.93% over the last 24 hours. The asset is currently the 66th largest cryptocurrency, with a market capitalization of around $1.3 billion. Ethena experienced a similar rise in daily trading volume, rising by 85.80% to hover at $374 million.
With a $374.043 billion market cap, Ethena is one of the altcoins that could see significant increases in value. The recent spike in the price of ENA tokens coincides with the emergence of the altcoin season, according to Wacy.
ENA’s Next Token Unlock in April 2025
According to Wacy, during this projected altcoin season, 15% of altcoins might produce gains ranging from 10x to 100x. Wacy lists the consolidation of over $700 billion in TOTAL3, excluding BTC and ETH, as one of the important signs. A bullish tendency is confirmed by this.
Wacy emphasizes Ethena in his research as a synthetic dollar protocol that offers an Internet bond-based crypto-native substitute for traditional banking. He also mentions that the next ENA unlocking event is set for April 2025, highlighting a recurring trend on the weekly chart that usually comes before notable growth. Considering the current altcoin season, the pattern is expected to result in a faster recovery than initiatives that were started in a bear market.
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