Analysts Aim for Ethena to Reach $1 and Chainlink to Achieve $100: The Next 100X Crypto asset?

Crypto investors are on the lookout for the next potential 100x digital currency, and two well-known contenders are rising in prominence: ENA and LINK. Both tokens exhibit remarkable growth, solid fundamentals, and optimistic technical indicators, but can they truly provide the returns that traders envision?

Following the Federal Reserve’s 25bps rate cut earlier this week, risk appetite has surged across markets, positioning altcoins such as Ethena and Chainlink for upward mobility. Here’s why experts are placing their bets on these two tokens as we approach Q4 2025.

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Is Ethena On Track to Soar to $1 Soon and Become the Next 100x?

Ethena crypto has rapidly established itself as one of the hottest Decentralized finance initiatives this year. Built on the ETH protocol, Ethena facilitates USDe, a synthetic stablecoin resistant to censorship, designed to produce yield through delta-hedging strategies involving staked Ethereum and derivatives.

USDe has been integrated into numerous smaller projects, even partnering with Binance, where it has been embedded throughout its vast platform, serving over 280M users and managing more than $190Bn in assets. Following the GENIUS Act, USDe has been at the forefront of stablecoin expansion with $6.4Bn in traction.

Ethena’s USDe leads stablecoin growth post-GENIUS Act with over $6.4 billion, surpassing USDT and USDC. pic.twitter.com/E98wiwpUFZ

— Coinvo (@ByCoinvo) September 16, 2025

But that’s not the only significant development regarding Ethena. A highly anticipated feature, the fee switch, has now been activated. The Ethena Foundation has confirmed that parameters set by the Risk Committee have been satisfied, resulting in the activation of the fee switch.

 

This news came a couple of days ago, but further specifics about the implementation have yet to be disclosed. Once a decision is made, a vote will take place, and ENA holders will be asked to approve the suggested framework.

Some social media accounts are already attempting to demonstrate how much the holders will be compensated based on previous data.

The Ethena Foundation confirms that the risk committee’s fee switch parameters have now been met. The ENA fee switch is expected to activate following the sign-off from the Ethena Risk Committee on implementation details and further governance processes.

The Ethena Risk…

— Ethena Foundation (@EthenaFndtn) September 15, 2025

Thus far, Ethena has achieved remarkable success; according to defillama, the project boasts a Total Value Locked (TVL) of $14.1Bn, with annualized fees exceeding $655M. The project’s cumulative revenue stands at an astounding $96.5M.

Unfortunately, in the quest for the next 100x crypto, ENA may not serve as the ideal rival due to its $4.8Bn trading market cap, which by no means disqualifies it as a valuable project; quite the contrary.

Ethena has consistently been among the most sought-after options within the crypto landscape. With steadily increasing TVL and impressive earnings, ENA is set to achieve the $1 milestone.

(Source – defillama.com)

In terms of pricing, Ethena is forming a significant W pattern that could increase toward the next substantial resistance at $1.3 on the weekly chart. Currently, on the daily chart, ENA is consolidating around the $0.61 level, which presents a solid support barrier for the price. An additional key metric, the RSI, is resetting as the price consolidates within this narrow range.

If uptrend market sentiment persists, along with positive update from the Ethena project, we might witness the completion of the W pattern, potentially leading to a challenge for new all-time highs (ATH).

(Source – Tradingview.com)

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Could LINK Be Targeting $100 Amid Circulating supply Constraints?

Chainlink continues to underpin DeFi by bridging real-world data, such as pricing and weather conditions, to blockchain applications. Its secure oracles facilitate various services from DeFi to real-world asset (RWA) tokenization, a segment currently valued in the tens of billions.

A recent reserve update indicates that Chainlink has accrued 43K LINK, totaling over 323K LINK that should bolster the network’s long-term growth and sustainability.

RESERVE UPDATE

Today, the Chainlink Reserve has acquired 43,067.70 LINK.

As of September 18th, the Chainlink Reserve contains a total of 323,116.40 LINK.https://t.co/oxMv5N3rFC

Designed to base level the long-term growth and sustainability of the Chainlink network… pic.twitter.com/1TNJNMudBG

— Chainlink (@chainlink) September 18, 2025

Currently, the price of LINK stands at $24.3, reflecting a 91% increase over the past three months, and despite the substantial market cap of the project at $16.5Bn, optimistic sentiment prevails. This is due to the crucial role a reliable oracle plays for both the DeFi sector and the broader market.

At present, the supply of LINK on exchanges has diminished to a multi-year low, indicating potential institutional interest in the platform.

(Source – cryptoquant.com)

On the daily chart, it appears LINK is attempting to form a bullish pennant, backed by the price consistently setting higher highs. Additionally, a price consolidation within a tight triangular pattern suggests that significant developments may be underway in the broader context.

(Source – Tradingview.com)

On the weekly chart, the price is displaying wider and wider ranges, swinging like a slingshot. After Bitcoin completes its price surge, and capital starts flowing into larger trading market caps like LINK, this could indicate a trajectory toward new all-time highs.

Some analysts propose that a $100 target is feasible given the project’s significance within the crypto ecosystem. If that were to occur, it could either take considerable time or possibly happen sooner, as is typical in the crypto space. However, let’s set aside speculation for now and focus on the visuals presented by the charts.

(Source – Tradingview.com)

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