Can This Surging Altcoin Hit a Price of $1 in 2027? The Answer Will Surprise You.
Ethena could quadruple in price next year, given the recent success of its dollar-pegged stablecoin.
Overview
As a result of new pro-crypto messaging coming out of the White House, decentralized finance (DeFi) coins are having a moment right now. The best example is Hyperliquid (CRYPTO: HYPE), which is up a head-spinning 265% for the year.
While the HYPE token trades for close to $100, there are plenty of low-priced DeFi coins currently trading for less than $1 that offer the same type of upside potential. The best of the bunch is Ethena (CRYPTO: ENA), which has 4x upside potential in 2027. Here's why.
Details
Right now, Ethena trades for just $0.25. In order to hit a price of $1 next year, it would need to quadruple in price. That's a lot to expect from any cryptocurrency. But there are plenty of high-profile investors who think it might actually be possible.
Source
Originally published at www.fool.com.