$ENA now is 1.2$ shall I buy or wait? kindly assist me | Sweet_Venom on Binance Square

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$ENA now is 1.2$ shall I buy or wait? kindly assist me 

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ENA

0.21

-9.09%

6.4k

0

Replies 44

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$NOT has no owner now since the owners have revoked their right, but how can this affect the price? Here's a breakdown of how stopping the supply of a currency can impact its value: General Principles: - Scarcity and Value: Like any asset, scarcity drives up value. When there's a limited supply of something in demand, its price tends to rise. - Demand: The other side of the equation is demand. If a coin has a limited supply but no one wants it, its value won't increase. Stopping the Supply: - Potential for Increased Value: When a cryptocurrency has a fixed or limited supply, it can become more valuable as adoption grows. Think of it like a rare collectible. The fewer coins there are, the more valuable each coin could become if demand is high. - Inflationary Pressure: Many cryptocurrencies are designed with inflationary mechanisms (increasing supply over time). Stopping the supply would essentially create a deflationary scenario. This can lead to price increases as people anticipate scarcity. - Market Dynamics: However, it's not always a straightforward relationship. Other market factors, like: - Competition: New coins and projects can emerge, offering alternatives. - Regulation: Government policies can impact the crypto market. - Use Cases: The utility of the coin (e.g., how it's used in transactions, DeFi applications, etc.) plays a significant role. Examples: - Bitcoin: Bitcoin has a fixed supply of 21 million coins. This limited supply is often cited as a factor contributing to its price appreciation. - Ethereum (ETH 2.0): Ethereum is moving to a proof-of-stake consensus mechanism, which will shift from an inflationary model to a deflationary one. This change could potentially drive up ETH's value. Important Considerations: - Stopping the supply doesn't guarantee price increases. Other market factors will come into play. - Market Manipulation: A sudden stop to the supply could be manipulated by market players. - Long-Term Impact: It's essential to consider the long-term implications and how the market might react to the change.

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NOTCOIN passing 0.02$ 🥰 got much profit on it heheee, hopefully it I'll go to 1$ by end of his year 🫣🥹 $NOT

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Something really wonder, why all the new coins except $TAO has fallen down? Does anyone have any idea about the reason? 🤔🫢 #ENA #newcoins $NOT #Notcion

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$ENA is dying and other memes coins such as $PEPE $BONK are reviving , is it the end of ENA?

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Crypto Lessons Learned the Hard Way Okay, picture this: me, trying to figure out the whole crypto thing, finding this Binance signals channel (@osama54301 ) that seemed like the golden ticket to trading success. They promised amazing trades and expert advice with 99% correct signals, so I cautiously joined, paying $100 upfront with $50 due later as we agreed. Hopeful, right? Wrong! after paid the money he asked for, his instructions in channel wasn't clear so I asked him to clarify it for me, but instead of guidance, the operator demanded an extra $100, then vanished after I paid another $55. I tried to reach him out at his channel in Binance but he blocked and ignored, I lost over $100 in the future trading because of his wrong signals, ignoring, and unclear instructions. It was a total disaster! Few days later, I tried to get a small refund, just $55 and he can end my subscription and keep the rest 100$ for himself, but got nothing. This person clearly only cared about himself, not his subscribers, until today I was trying to get something from him but got nothing other than ignoring. This whole experience was a harsh lesson in online investment scams. Remember. *Don't be fooled with number of subscribers, in his channel there is around 600 people, and obviously he is giving some priority over others. * Do your research! Don't fall for empty promises. * Verify legitimacy! Make sure things are legit before investing. * Trust your gut! If something feels off, walk away. The crypto world can be rough, but by sharing stories and supporting each other, we can make it safer. Let's learn from my mistakes and avoid these scams together!

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