$DND #DND
Recently, while browsing the community, I found that $DND has been mentioned by quite a few people again. I casually flipped through the data and found it indeed interesting. Here’s a brief sharing of my views to see if it's worth a shot.
Fundamental Data:
Year-to-date Performance: At the beginning of the year, it fell to a low of $2, peaked at $10, and has recently been hovering around $7, clearly consolidating and building a bottom, with a relatively stable current trend.
Historical High: Don’t forget, it has reached $40 before, proving that there is a market consensus.
Deflation Mechanism: A total supply of 21 million coins, with a future destruction target of 2.1 million coins, which is also a point of interest.
Why is it worth paying attention to?
· Ecological Support: The Envo platform behind $DND has a comprehensive range of functional scenarios including meetings, payments, rewards, and value-added services. Such an application ecosystem is a strong support for the coin's price.
· Destruction Value: As the destruction continues to progress, the circulation will decrease, and the value brought by scarcity cannot be ignored.
· Market Sentiment: The market has been gradually warming up recently, and tokens like $DND that have practical application support are more likely to attract funding attention.
Is it a good time to enter the market?
· Conservative Approach: The current price of $7 is in the undervalued range, suggesting to buy in batches to lock in medium to long-term value. When new hotspots (major functional updates or SocialFi trends) emerge, breaking the year’s high of $10 or even returning to the $20-$30 range is not out of reach.
· Aggressive Approach: Focus on the support level of $6.5-$7; if it stabilizes, there may be a chance to hit the $10-$12 range in the short term, suitable for quick entries and exits.
Of course, investment decisions should be made personally, but in terms of the fundamentals of $DND, this position is indeed quite attractive.