- ENA notice has surged 6% as bulls stare a breakout above $0.24.
- Upbit and Bithumb comprise listed Ethena USD (USDe).
- Arthur Hayes has shared a recent prediction for the ENA notice, noting a capacity surge to $1.
Ethena (ENA) surged on Wednesday as cryptocurrencies bounced, and amid indispensable South Korean cryptocurrency exchanges’ itemizing of the synthetic stablecoin Ethena USD (USDe).
The contemporary dose of optimism round Ethena’s governance token ENA seen noteworthy investor Arthur Hayes speak a rare bullish conviction as he predicted a capacity spike to $1.
Ethena notice positive factors as Upbit and Bithumb record USDe
South Korea’s main cryptocurrency exchanges, Upbit and Bithumb, comprise each and each added make stronger for Ethena’s USDe.
The platforms announced the listings on Wednesday, which suggests USDe is now supported on two of Asia’s most active trading markets.
Upbit now supports USDe pairs against KRW, BTC, and USDT, whereas Bithumb confirmed the itemizing of the USDe/KRW market.
These listings indicate enhanced liquidity, accessibility, and adoption of USDe in a market the build fiat-to-crypto trading volumes are in general sizable.
Upbit’s itemizing of tokens has traditionally coincided with a notice surge for the respective cryptocurrencies.
ENA, the governance token of the Ethena protocol, would possibly maybe maybe furthermore race this bullish outlook to contemporary highs.
As of writing, ENA traded round $0.24, up 7% within the previous 24 hours. Shopping and selling volume jumped 160% to over $389 million whereas USDe seen a forty eight% kind bigger in volume as the listings went dwell.
ENA’s notice reached intraday highs of $0.25 amid this volume surge.
Arthur Hayes sees ENA notice rallying to $1
Hayes, co-founder of BitMEX and an influential crypto investor, is optimistic that the ENA notice will slide parabolic within the fast interval of time.
The entrepreneur, who has previously backed Ethena to explode, shared his newest prediction in a post on X, noting “it’s time for $ENA = $1.”
This aligns with Hayes’ varied intrepid market calls, having gathered ENA all the diagram by dips.
His newest commentary means that increased exchange make stronger, in particular in high-volume markets esteem South Korea, would possibly maybe maybe furthermore catalyze increased adoption. Upward notice stress on ENA would possibly maybe maybe furthermore allow bulls to target the psychological $1 level.
ENA closing traded round this level in January 2025, with the final market downturn seeing costs touch lows of $0.22 in June.
A rebound allowed bulls to retest highs of $0.80, however the build marked a double top pattern and costs slumped to below $0.20 in early Jan. 2026.
Ethena’s ongoing efforts to mix USDe across indispensable platforms, potentially using additional protocol development and earnings, would possibly maybe maybe furthermore cascade upside momentum to ENA.
If primarily the latest ranges notice a double bottom, a retest of $0.80 after which $1 is seemingly.
