🌈 ENA's single-day rise of 36% leads the ETH ecosystem, is VC coin attractive again?
Binance data shows that ENA has risen 36% in 24 hours. The coin's low was 0.19, and it is currently priced at 0.54, doubling in value.
However, the coin's previous high was 1.5U, and its FDV remains as high as 8.2 billion, with a circulating market value of 1.5 billion, ranking 63rd in market value.
As a high-valued VC coin that has been on a downward trend, ENA has been scorned by many. Now, after a strong rebound from the bottom, does it have the chance to lead VC coins in refuting the bears?
We have summarized some recent positive factors:
1. Catching up, there’s no reason;
2. BTC is rising, ENA protocol revenue is increasing;
3. Market maker Wintermute has proposed that the ENA foundation allocate part of the protocol income to ENA stakers;
4. The supply of USDe has increased from 2.4 billion to 2.8 billion within half a month, stopping the decline and starting to recover, with protocol revenue also coming out of a low point;
5. Stakeholders and KOLs are starting to speak positively (I have no vested interest);
