Ethena is a new stablecoin protocol on the Ethereum chain. Its popularity has continued to soar in recent days. Recently, new projects on the Ethereum chain have performed well. For example, the previous ETHFI has also increased several times after listing on Binance.
After ENA was listed on Binance, its trend was very strong and continued to rise. Unlike other projects that were dumped as soon as they were listed, the main force has a better structure, the consensus of retail investors is relatively large, and the project has technical aspects.
However, after exceeding 1u, the overall market value is a bit high, and there is a component of FOMO. The circulating market value is 1.5 billion, and the fully diluted market value is 15 billion. Don't chase high easily.
Pay attention to the opportunity to buy low below. If it falls back to around 0.75-0.8, we will consider layout.
