A must-see before flying! What is the potential of the new currency ENA? Can it skyrocket? The project party turned out to be a Wall Street elite! What is the future of BNB? I'm still adding positions!
A must-see before flying! What exactly does the new coin ENA do? Does it have great future potential?
(1) The investor’s background is amazing
His investor background is amazing. Not only are giants such as Binance, Ouyi and Kraken participating in the investment, but his founder Guy Young himself is from Wall Street and has worked at Morgan Stanley, Goldman Sachs and Citadel for more than 20 years.
Use short contracts to use Ethereum to charge long funding rates, and then use spot Ethereum to make liquidity pledges to earn coins, so there is a lot of room for development in the bull market.
(2) How much can we get?
The circulation of this coin is 15 billion, so its market value is 1.5 billion for one cent, and 3 billion for two cents. The current Dai issuance of similar stablecoin project Maker is 5 billion, while the issuance of ENA's USDE is 1.5 billion. Among them, Maker's total market value is 4 billion US dollars, and ENA's conservative value is 1.5 billion US dollars, which is 0.1u.
According to this trend, it should not be a big problem for him to price it to a market value of 4 billion similar to Maker, so you can buy it for 0.2 or even 0.3u, depending on whether the market will give you a chance when the currency is issued. Bu Jin qun + Wei ♥: 2327321427 His current off-market price is 0.6u, which is a market value of 9 billion. This price is a bit high. If we really buy it here, I think we may not have much profit margin in the short term, and the risk is Greater than opportunity.
If the opening price is too high, don't worry. We may wait for a correction before buying. For example, Etherfi opens high and then falls back. Then we enter the market, and then it explodes, right?
(3) Long-term development of the project
There is still a lot to be hyped about the long-term development of this project. For example, after Binance exited BUSD, it has been recruiting other stablecoins to enrich currency options, such as TUSD, USDC and FDUSD. So is there any chance that USDE will be adopted by Binance? Although the probability is small, if it happens, then he will be awesome. I think it's possible to go to 1u.
In addition, in the future, whether this project will issue a US debt RWA to hype the valuation like Maker or TruFi, then it will also increase by more than 30%. These are good imaginations, so from the perspective of the project From a perspective, he has many ways to pull the trigger.
However, after the bear market, the funding rate of the Ethereum contract becomes negative and the arbitrage ability is greatly reduced. Then its income will drop a lot. But which currency will not fall in the bear market? right. Generally speaking, the growth potential of this coin is good. Whether it can be profitable depends on whether it can buy a lower opening price. Seizing the opening is a matter of metaphysics, don’t be anxious, everything is fate! However, no matter how the mining project is, holding BNB will definitely make money forever, and mining will never lose money. Maybe buying more BNB and mining more mines is the way to go?
