Simplified Version: $SWELL Trading Views and Reasons
View: Bullish
Reasons:
1. ETH is in good condition, especially the performance of ETH beta is outstanding, particularly Eigen as an emerging beta project in the market.
2. The market cap of SWELL is $44 million, with a fully diluted valuation (FDV) of $345 million, featuring a token economic model similar to recently listed projects (such as Deep, Carv, Grass).
3. The project supports perpetual contracts, which is beneficial for price increases.
4. The airdrop effect is not good; the airdrop did not sell off as expected, resulting in a low market circulating supply. The airdrop went live 12 hours ago, with minimal market impact.
Under the current market conditions, if $SWELL achieves a 3x increase, it would reach a market cap of $132 million, with an FDV of $1.03 billion.
$SWELL
