DIFFERENCE BETWEEN $ENA AND $W COIN
Recently, the popular binance launch pool coin ENA was listed and people that got in early made a lot of profit out of it. Some are still holding while others took their profit and wait for a perfect entry to rebuy.
This are the reasons you made money from $ENA
i. $ENA was first listed on binance before any other exchange.
ii. ENA has good backers and reputable investors that support it development.
iii. ENA is a utility coin.
People speculates that ENA price may peak above $5-$6 price margin in the coming days due to many interested traders who are curious about seeing what this coin has in store.
Now let's talk about the popular W coin which was recently listed on binance.
Arguably, many traders and investors were disappointed by the performance of the W coin because it didn't turn out to their expectation and some lose money .
Here are the reason why you lose money;
i. W coin was trading on several other exchanges before it was listed on binance.
While it was listed, the volume of sellers from other exchanges set in and those who bought high on binance exchange, were or are still at loss but will recover sooner if they're patient.
ii. W is a meme coin which means it has no real utility, it only relies on the community to hype it up and marketing to gain visibility. Many investors and traders do not trade meme coins.
Comparing the two, I hope you understand why you made more on ENA compared to W
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