Here's an analysis of $ETHFI
Asked by one of the person in the comment
$ETHFI is a native liquid restaking protocol.
TECHNICAL:
- On its last Support level
- Forming Bullish Falling Wedge
FUNDAMENTALS:
- Backed by Big VC's (Including ConsenSys {Tier 1} & 28 More)
- Tier 1,2,3,4 VC's & Angel Investors are backers
- Transparent Team
- Raised $27M is February
- No token unlock before 226 days
- Layer Zero Ecosystem
- Mid Cap ($287M)
- Lowest community allocation but highest investor allocation, focusing on investor incentives
- * The ether.fi Foundation transfered ETHFI tokens to separate multi-signature wallets to better isolate funds and increase
transparency.
- * Also sets up the strategy to allocate up to 50% of monthly
protocol revenues toward buying back ETHFI tokens.
- The above two development news can have a positive
impact on price action
- Have a potential for long-run
Conclusion:
- Good to add to your portfolio only for long-run
- Long Term Price: $32-$50
- You can add, if it breaks out towards upside & closes daily
candle for swing trade
- Crypto Market is Uncertain right now due to WWIII fear
- Wait for strong pullback of $BTC in order to accumulate any
Altcoin
- Lastly, DYOR before buying!
NFA