$DND
Recently, while browsing the community, I found that the $DND coin has been mentioned by quite a few people. I casually looked through some data and found it indeed interesting.
I would like to share my thoughts briefly to see if it’s worth making a move.
Fundamental Data:
Performance this year: At the beginning of the year, it dropped to a low of $2 and peaked at $10.
Recently hovering around $7, it is clearly consolidating and forming a bottom, and the current trend is relatively stable.
Historical High: Don't forget, it has reached $40, proving that there is a market consensus.
Deflationary 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?
· Ecosystem 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 advance, 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, which have actual application support, are more likely to attract funding attention.
Is it a good time to enter?
· Conservative Approach: The current price of $7 is in the undervalued range, suggesting a phased buy-in to lock in mid- to long-term value.
When new hotspots (major functional updates or SocialFi trends) emerge, breaking through 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 is a short-term opportunity to challenge the $10-$12 range, suitable for quick trades.
Of course, investment decisions should be made personally, but regarding the fundamentals of $DND, this position is indeed quite attractive.