Although the current market is not very stable, the bull market cycle remains unchanged.
Therefore, before the market brews, we need to look for potential altcoins to ambush in advance.
We have found Stader ($SD), which has 5 major positives. Let's take a look:
1. Introduction
Stader is a staking platform based on non-custodial smart contracts that helps users easily discover and access staking solutions and maximize staking returns. It was previously publicly sold on Coinlist.
2. Reasons for optimism
(1) Improved fundamentals
Stader launched the Ethereum-related staking product ETHx, which increased its TVL from 100M to $615.35m, demonstrating the success and expansion capabilities of the business.
(2) Steady product progress
Stader cooperates with other DeFi applications to promote the adoption of ETHx, and uses $SD as an incentive to gradually increase the liquidity of the ETHx pool.
(3) Token destruction
Stader destroyed 30M $SD, reducing the circulating supply and potentially increasing the scarcity and value of the token.
(4) Buyback plan
The team promised to use 20% of quarterly revenue to buy back $SD, aiming to boost market confidence and support the value of the token.
(5) Listed on the Coinbase listing roadmap
$SD was included in the Coinbase listing roadmap on July 10, which may bring market attention and liquidity growth.
3. Operation
Current price: 0.6 can be used to build a position. Target: 0.77-0.89
