On Binance square you’ll seen many anger posts about #ENA and #W once the writer lost few dollars he/she will write a posts saying this coin is shit or scam …etc
Unfortunately, such these posts reached thousands of people in few minutes which resulted in punch of selling in short time by fear.
Most of them are new investors have no knowledge of the crypto market, they buy once the coin or token listed and sell with losses once they read negative posts.
Also, most anger posts written by people who invested in public tokens such as #PEPE , #SHIB , #DOGE and others. Simply (all meme tokens) are public with no project or capital in behind and easy to mining without paying a dollar.
ENA and W are real projects have purpose and huge capital support them all the way to reach their goal.
You seen them down because they didn’t reach the correction yet, and the huge number of selling affects the price. Also, if you notice that the whole market is down BTC, ETH, BNB, SOL …etc are down at the moment.
Just think, once market start recovering they will up again so don’t sell now and save your losses.
Personally, i bought ENA at 0.6, then i bought more at 1.3 did i sell? Nope, in fact i bought more at 0.95 and i will buy more if price drops more.
Because once the price reached $2 i will get my profits doubled multiple times without losing 1 cent.
Don’t follow who cry on a dollar, follow people who love taking the risks because without risk we never learn.
ℹ️ As usual, this is not a financial advice nor recommendation. It’s personal opinion and perspective.
