Ethena ENA can hit $1 (currently $0.10)

Added: 2026-05-12

[00:00:00]Athena.

[00:00:02]Athena offers some seriously good passive income uh streams. But more than anything, to be honest, look, this is getting recognized as a really, really solid uh DeFi protocol. It's been added into Grayscale. Uh we're going to dive into some of the recent news around this, take a look at some of the earning potential from Athena along with an estimate of where it can go in terms of price. Now, before I get into it, if you're new here, the spreadsheet shows the first 26 coins that I did videos about on the channel.

[00:00:36]In the videos, I show myself buying up all of these coins. These were cryptos that I thought could do very, very well.

[00:00:41]Could make a lot of money, which is why I show myself buying them up. These were their prices when I released my videos.

[00:00:46]The highs that these coins hit in the last bull cycle, and the profits you'd have made, if you'd have just put $100 into some of these, if you'd have done it for every single one, that would have been a $2,600 investment. you would have made over 123 grand in about 16 months.

[00:01:00]Now, if you are sitting on coins you're not happy with, crypto is not performing for you, like Grin didn't perform for me, then you have got to get it fixed. If you don't know where to begin, have a look at copy mycrypto.com. There is a link in the description. This is the website that I run where I share the coins that I own with my members. I do consistent daily updates of where the market is likely to go.

[00:01:22]Uh, whenever I buy or sell any crypto, I tell my members the crypto that I'm buying or selling and the price that I'm buying or selling at. So, there's no work for my members. Uh, they can literally just copy along. And if you go on to my site, you can see some of the profits that my members have made. You can see some of the successes that led to those profits as well. Whether it was a meme coin myself and my members held for a couple of weeks that did over 300x, whether it was Phantom, which whilst taking 16 months didn't got went up nearly 700 times. It made a bunch of my members millionaires. Um, and it's all public record. You can go to the other videos on this channel, verify it all. And if you want to find out the cryptos that can do those kinds of profits, all you got to do to find out about those coins is join up on the site.

[00:02:03]Now, Athena. So look, Athena launched and to be honest, look, I was really bullish on Athena in terms of price and obviously price has tumbled, but still established itself as a 50 54th biggest crypto um in the world. It's a synthetic pro dollar protocol built on Ethereum that will provide a cryptonnative solution for money not relying on traditional banking system infrastructure.

[00:02:32]uh and this is alongside a globally accessible denomin denominated savings instrument they refer to as the internet bond. As I said what Athena have is a legitimately very very solid D5 protocol that provides very good opportunities for earnings. If we dump jump onto Athena you can see that there are plenty of potential earning uh capac like capabilities. you can get um SUSD which currently is 3.5% but the average has been like 11 12%. Um my only issue excuse me synthetic dollar protocols we've seen go wrong many many a time so it's just something you have to be aware of but you can earn on your savings with SUSD through Athena of a moro pendle hyperlquid high h high h high h high h high h high h high h high h high h high h high h high h high h high h high h high h high h high h high h high h highena uh You can do it through exchanges as well and you can even do it through institutional exposure. They have a regulated fund uh via Wintermute, Falcon X and more will be coming. Um like I said in terms of uh yields pretty good, not amazing by the way.

[00:03:50]You know, there are plenty of D5 protocols that will offer far far greater yield. However, this is simple.

[00:03:56]it compounds. You don't really require there's nothing really required of you here. It's a really straightforward simple system to use.

[00:04:06]Uh they do have a solid backing ratio as well. You know, the backing ratio is over 102% which is very very good.

[00:04:14]Um and again, you know, they're utilizing the biggest names in crypto. You got Binance, Bybit, OKX, Derbit, Coinbase, International Exchange, Bitgget, tons of these big big players work directly with uh Athena. You've also got custodian atastations with copper.co uh Kraken and more uh along with proof of reserves that are verified through places like chain link. I mean again it you know overcolateralization is a big part of this and as it should be.

[00:04:48]Uh the big big news though, so of course uh Grayscale have integrated Athena.

[00:04:52]This was something I touched on in the intro. So Athena has secured a position in uh Grayscale's D5 fund uh following a quarterly assessment. Aer Drone Finance has been removed as Athena rejoins restructured portfolio.

[00:05:08]So UniS swap, Ave and Onondo maintain leadership positions in the updated D5 fund. Ethereum and Salana preserve dominant allocations in the smart contract fund, but Athena has been given a quite significant allocation. They've been given a 13.59% allocation. This positioning established uh Athena as the fourth most significant asset within Grayscale's D5 fund uh with only unis swap, ao above it. And even then, you know, on 19.83% 83% that this actually bows exceptionally well um for Athena's outlook. You know, Grayscale don't do anything without proper due diligence. So, the reality is is that they are obviously viewing Athena as a as a potential asset that is going to rise in value soon enough. Um Ave by the way have changed uh collateral rules after the uh the attack that they suffered. It's just uh worth touching upon purely off of the basis that again a lot of people ended up like a lot of companies ended up helping or cryptos ended up helping Ave quite significantly when they got hacked. Um so yeah basically they're overhauling how it they evaluate and list collateral assets. Um so speaking at uh the consensus conference in Miami, Linda Yang uh explained that Ave's previous risk framework largely central centered on financial risk and volatility from now on every asset seeking to be listed as collateral will undergo broad and more comprehensive evaluation process and under the new system uh digital assets proposed as collateral will be scrutinized beyond just financial factors, interoperability, cyber security vulnerabilities and in the underlying technical infrastructure. of each asset will also be thoroughly assessed as part of this expanded review. By the way, that should have been happening. You like are they saying that now is a bit late. That's the reality. Like acknowledge the fact that they up. Like that's what should be happening here because they did.

[00:07:27]You know, you can criticize the the hacker and the hacker should be criticized, but the reality of the matter is is that they provided them with an opportunity by not thoroughly risk evaluating every asset that was coming in.

[00:07:40]And look, they should have technical experts that can do that. They should have blockchain experts that can do that. They should have cyber security experts that can do that. And if they are, and if they haven't been doing that, then kind of it's their own fault.

[00:07:53]They have had major DeFi players um support them. Projects like Lido, Ether and Athena uh join forces to close liquidity gaps and prevent the spread of toxic debt across the DeFi market. But it is a fascinating situation where you can have such a significant event and that can in in fact play out as a as a contagion event.

[00:08:14]And the reality is is that the major players, your uh Athenas, your lidos, your your compounds, your makers, if they have a major event, it can be a contagion. So, it's just something to be aware of. Athena, again, look, the fact of the matter is is they've been established, they've established themselves comfortably as a top 100 coin. They are on every major exchange.

[00:08:39]Um, so no listing bounce will be coming.

[00:08:43]Uh but the fact is is Grayscale have added them. They see they see obviously price rises in their future. Um I'm of the same belief. I certainly believe Athena can get back to 50 cents. I think there is a world it gets back to a dollar but I'm not sure that happens uh this year or within the next certainly not within the next six months. I think 50 cents is a really valid target quick 4x from where it is right now. Uh, and I think that's going to be very very achievable for um, Athena given that uh, Gayscale have added it. And again, I think there will be a little bit of a shift in how people play with uh, DeFi. I do think people will use Ave a little less and they'll look for alternatives. Athena is one of them.

[00:09:28]It's not the same obviously. It's a very different kind of protocol, but I do think it will change the way people use Ave at least for a shortterm period because I think it will rock uh confidence from a lot of the traders.

[00:09:44]That's the reality. Um so from there, Athena might be a beneficiary of that and really start seeing price rise. Um but the long-term view of Athena still looks really, really good. Maybe it's just that it's a passive income stream rather than a solid coin to hold. But I do think this is as a coin is going to still be a solid coin to hold. My honest opinion is that this will end up being way well well beyond a dollar one day.

[00:10:10]It's just how long does it take is really the question. Um but what do you guys think? Look, there's tons of people holding Athena, but it's not just that.

[00:10:17]Like there's tons of people using the Athena protocol day in day out. Um, so if you use the protocol but you don't hold Athena, let me know why. If you hold Athena but don't use the protocol, let me know why in the comments down below. And look, if you're not happy with the coins you own, if you've got cryptos not performing for you like Grindon performed for me, then you have got to get it fixed. If you don't know where to begin, you get on to copy mycrypto.com. Have a look through the site. It's the site I run where I share the coins that I own with my members.

[00:10:46]Whenever I find any crypto that I think can do very, very well, like a lot of these did, I get onto my site. I tell my members about the crypto, the reasons I think it could do well, and the price I will buy at. I do the exact same when I sell a coin. I tell my members the coin I'm selling and the price I'm selling at. So, there isn't any work for my members. They're in and out of coins, same price as me, so they make the same profit. And if you go on to my site, you can see some of the profits my members made. You can see some of the successes that led to those profits. Whether it was a meme coin myself and the members held for a couple of weeks that did over a whether it was Phantom made a it's all public record. Go on to the old videos on this channel. verify everything I just said. And if you want to find out the cryptos that can do those kinds of profits, all you have to do to find out about the coins is join up on the site.

[00:11:28]And if you do, I will see you there.

[00:11:29]Otherwise, folks, I'll see you in the next video. Take care. Bye-bye.