$ENA What is the potential of this project?
Its founder has a sharp vision and chose the super profitable field of stablecoins. In the currency circle, if you can handle large projects such as stablecoins or public chains, you will be like riding a rocket, with huge profits and development space.
But this kind of large project is like building cars and opening banks in reality, and the difficulty coefficient is off the charts. Look at USDT, which easily makes billions every year. They use this money to buy Bitcoin, or exchange US dollars for treasury bonds and deposit them in banks, and earn a lot of interest. If you think 5% interest is too little, it's because you haven't reached that level. USDT has become the leader of stablecoins, and its profits are better than many large companies. The key is that their team may not have many people. This is the magic of the blockchain world, and the efficiency is extremely high.
The competition in the stablecoin industry is fierce, but if you succeed, it is like digging a gold mine. Now there are stablecoins such as USDT, USDC, FDUSD, TUSD, DAI, BUSD, and UST on the market, each one is better than the other.
The UST issued by $LUNA before was also a stablecoin, but unfortunately the mechanism was not good and it went wrong.
To be honest, the ENA project has nothing new to offer. It is just following the path of $MKR . I think it is a bit difficult for it to challenge USDT and USDC. It is estimated that in the end it will be the same as DAI, with a small market share of about 4 to 5 billion US dollars. But this amount of money is enough for their project team to be happy, and they are doing better than many projects.
After a few days of sharp decline, SUI, APT, DOGE, WIF, FET, AAVE, and BNX should enter the market to ambush, otherwise you will miss this wave of bull market! If you are still hesitant and confused about the specific operation, like it, leave a message, and I will teach you.
