ENA raised funds at a valuation of 300 million, and now the online valuation has reached 8 billion. The institutional cost is 0.02, and the return is 30 times
Is ENA worth buying now?
The following points can be used as a reference. Analyze yourself to give yourself a bottom line
1. Market pricing: Observe the current price of ENA and the ratio to its market value to determine whether it is overvalued or undervalued. The current market value of 1.5 billion US dollars is neither high nor low, with medium risk and medium profit margin.
2. Project potential: Evaluate the potential and prospects of the ENA project, including factors such as the technology, team, application scenarios and market demand behind it. If you think the project has long-term development potential and the current price is reasonable compared to its value, then it may be worth considering.
3. Risk management: Consider your own investment risk tolerance and do not invest all your funds in high-risk projects. It is recommended to diversify your investment and control the investment ratio of a single project to reduce risks.
4. Technical analysis: Perform technical analysis on price trends to observe whether there are obvious buy or sell signals.
Many well-known sources claim that it will fall further, that is, below $0.85! In the worst bearish scenario, it will fall below $0.810, and the current price is considered a good entry point! I suggest everyone to limit some funds below 1 and hold the funds, waiting for it to fall further!
Why is the current price considered a good entry point?
With the massive bull market and growing investor confidence, the market has become an incubator for such new tokens. The continued reversal heralds the arrival of a bull market, which may exceed the peak of $1.4 and test the psychological barrier of $2.
Finally, in the currency circle, choice is greater than effort, and a good circle is needed 👀 cousin
