Content Writer
Harvey Hunter
Content Writer
Harvey Hunter
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Crypto billionaire has highlighted ENA as a “once in a century” DeFi play, a testament that there is still bullishness in stall for the Ethena price outlook.
While the altcoin has been mostly sidelined amid heightened risk-on appetite as markets prepare for U.S. interest rate cuts, it has rallied over 14% since Hayes’ prediction.
However, near-term volatility is expected with the August 28 PCE inflation data, which could dampen expectations for near-term interest rate cuts.
What’s Behind Hayes’ 50x Prediction?
In an Aug 27 blog post, Arthur Hayes argued that DeFi could see extraordinary gains over the next few years, citing Ethena as a potential 50x pick.
Hayes’ thesis centers on dollar-backed stablecoin adoption, a sector where Ethena has quickly emerged as a major player with its USDe product.
He projects the stablecoin market cap to grow from $273 billion to $10 trillion by 2028, driven by rising adoption among retail and institutions for payments, savings, and yield opportunities.
And Ethena stands to make its claim with USDtb, expected to become the first regulated U.S. stablecoin under the GENIUS Act.
USDtb could be the first to tap into sidelined capital from institutions awaiting regulatory clarity, with ENA positioned to benefit as the utility token at the center of this ecosystem
Ethena Price Prediction: Breakout Structure Hints at 600% to 1500% Gains
Ethena (ENA) has broken out of a long-term wedge and is now retesting previous resistance as support near $0.65–$0.70 – a classic setup that often precedes major upside.
This technical structure aligns with growing momentum around ENA’s role in the synthetic dollar narrative, especially as adoption of its yield-bearing stablecoin increases.
The RSI is holding near 50, suggesting sell pressure is fading, while the MACD histogram is flattening out, often a sign that a trend reversal is forming.
If ENA reclaims the $1.50 resistance zone, it could ignite a move toward $5 (+600%), with a longer-term push to $10 (+1500%) firmly in sight.
This setup may only be the beginning.
Arthur Hayes has repeatedly cited Ethena as a potential 50x play, pointing to its unique product-market fit and early leadership in decentralized synthetic dollars.
While that target may take years to materialize, the current breakout structure gives bulls a clear roadmap for massive upside in the months ahead.
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