Prediction: This Cryptocurrency Will Skyrocket in Price in 2027 and Make Some Investors Rich

Over the past 90 days, Ethena (CRYPTO: ENA) has been on fire. It's now up a head-spinning 204%, making it one of the top-performing cryptocurrencies in the world. It's even outpacing market darlings such as Venice (CRYPTO: VVV), Zcash (CRYPTO: ZEC), and Hyperliquid (CRYPTO: HYPE), all of which have been standout performers in 2026.

So what in the world is Ethena, and why has it taken the crypto market by storm in the past three months?

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Reasons for Ethena's upward climb

The answer to that question is relatively straightforward: Ethena is a decentralized finance (DeFi) protocol built on Ethereum (CRYPTO: ETH) that makes new yield-earning opportunities possible for crypto investors. With the SEC and CFTC now working to create a pro-crypto regulatory environment, DeFi coins such as Ethena have the potential to take off.

The Ethena DeFi protocol makes possible the creation of a "synthetic" U.S. dollar called USDe (CRYPTO: USDE). The price of USDe is always $1, making it similar to a traditional stablecoin, which also trades for $1.