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[Top Trader Eugene: I Would Be Surprised If ENA Cannot Become A Top 20 Token By Market Capitalization] On October 11, Top Trader Eugene Ng Ah Sio Posted On Social Media, "Ethena Is The Fastest Growing DeFi Product In History. It Has Expanded The Size Of Its Yield Stablecoin To $3 Billion In A Few Months, And No Other Stablecoin Has Grown As Fast As USDe Since Its Inception. The First Chapter Of The Ethena Story Focused On Building A Secure, High-quality Stablecoin. It Has Withstood The Test Of Extreme Market Volatility, And Now Aims To Compete For The Biggest Prize In Cryptocurrency, Tether's $160 Billion Market Share. At This Point, Ethena Began To Transform From A "DeFi Native Stablecoin" To A Legitimate Stablecoin Competitor With A Superior Value Proposition And Significantly Improved Distribution Channels. The Introduction Of USTb, The Latest Participation Of Blackrock's Financial Products, And The Decline In Interest Rates Have Made Ethena's Conditions Gradually Mature, And Now It Is In A Leading Position And Is Expected To Make USDe The Dominant Stablecoin In Cryptocurrency. With So Many Inefficiencies In The Market, Now Is Your Chance To Buy Into The Largest Market Segment In Crypto For 1/4 Of WIF’s Market Cap. Despite Being The Only Major New Product In This Cycle With Clear Product-market Fit (PMF), ENA Is Not Even In The Top 100 Trading Rankings On Coingecko. From A Technical Analysis Perspective, ENA’s High Timeframe Chart Is Very Clean. Combined With Fundamental Drivers And Reduced Inflationary Pressures, I Can Easily Foresee ENA Returning To The $1 Level. This Would Not Even Put ENA On Par With WIF In Terms Of Market Cap, Only On Par With POPCAT’s Recent $1.5 Billion Circulating Supply. Going Forward, Ethena Has The Foundation To Scale USDe Into Billions And Even Hundreds Of Billions Of Dollars. Eventually, Trillions Of Dollars Are Not Out Of The Question As Crypto Stablecoins Gain Market Share For International Cross-border Payments. At This Point, I Would Be Surprised If ENA Doesn’t Make It Into The Top 20, Given That It Is The Best Product Targeting The Largest Market In Crypto. When We Get To That Point Is Still Unknown, But Ethena Is My Bet On The Next Big Dream In Crypto This Cycle.”
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