Big brother, if you're just starting out, opt for safety and don't try to conquer the world all at once: 40% BTC, 15% ETH, 10% SOL, 10% XRP. Whatever's left, you can venture into memecoins.
I started investing in crypto in 2024, my first entries were in February/24 and I kept making entries throughout the year. Today, in USD, I have a result of around 20%, but when I look at it in reais, the return is already reaching 40%! The fact that the Real R$ is devaluing is not normal, it is literally burning 🔥!
Some may say: then you have to celebrate, you are having a good return. But I can't think like that. I keep thinking about the people who don't have access to investments linked to the dollar, simpler people, seeing the prices in the market increasing and not being able to do anything 😏.
And we are still forced to see the current president saying that there is no fiscal problem in Brazil. But, the important thing is that "love" won and most of those who are literally sucking up public money are laughing out loud far away from Brazil.
And you, what do you think about the dollar's rise? How high will we go?
Bull Season Price Targets Series: Requests from Followers - $ENA - #Ethena
Last Update: 2024-12-14 UTC
$ENA #Ethena
⭐Tokenomics Market Cap (MC): $3.34B Fully Diluted Valuation (FDV): $17.09B Total Supply: 15B ENA Max Supply: — Supply in Circulation: 2.932M ENA - 19.53%
👉Token Unlocks
No new tokens will be unlocked until April 2025. After that, a large one-time amount (13.75% of the total supply) will be unlocked, and then ~1.15% of the total supply will be unlocked regularly every month until April 2028. The amount in circulation by the end of 2025 will be double the amount currently in circulation, which has a long-term price suppression effect.
The price is approaching the April 2024 peak price, we see $ENA has increased almost 5x from its low. It has been one of the best performers during this period.
What Should the Price Be If There Was No Token Inflation During This Period (That is, if there was no increase in supply)? ~1.8 USDT
Although I take my T0 reference date after the last token unlock and I could find no new token unlocks until the T1 date, I do not know where this difference comes from. Those who are interested can research the details and contribute.
👀Since there is no time/time series analysis in target price studies, try to reflect the inflation difference in the period in which you are looking at the relevant prices.
⭐Correlation with $BTC / Category Major(s) Does the coin/token correlate with BTC during BTC uptrends and downtrends? We can say that it shows good positive correlation.
💰BTC Pair
The BTC pair is looking good and very similar to the USDT pair. It is rising in a strong uptrend and is currently holding above the key level of 0.00001016, where I expect significant moves to begin above this level.
⭐Price Analysis
👉Recent Period ENA strengthened the uptrend by breaking the most important level, 0.66, with volume. The middle green box region, which deepened the decline below it, should continue to work as a strong support and make this level an S-R flip zone.
When it closes for a few days above the red box resistance in the 1.04 - 1.11 range that it is currently testing, I think that even if it retests this region with a pushback, movements targeting 1.5 and 2.0+ USDT will begin.
💵Price Targets
👉The medium-term outlook looks quite positive.
👉In the long term, the performance should be re-evaluated according to how strongly and at what level the price will meet the inflation that will occur with the new token unlocks.
👉If it can enter this period as strongly as it is now, I think that even the extreme hype/euphoria period targets that are one or more above the targets I marked as safe can be achieved.
💥Cautions Nevertheless, remember that during the hottest times of the bull season, very great levels can be reached with #FOMO, but these levels cannot be maintained for long and very sharp corrections are experienced (try to understand by looking at old bull peaks). Manage your risk with these in mind and wait for healthy corrections without increasing your purchases in expensive areas. My posts are only technical and fundamental comments of mine and express my conclusions based on my own experience.
Since there is no time/time series analysis in target price studies, there is no answer to the questions "When?" or "What will the price be on this date?" Sharing/analyzing a coin/token does not mean that I like or dislike it, think it will be successful or unsuccessful, support it or not, invest/trade or stay away from it. I analyze it in line with requests and share my individual opinions. None of my posts or comments are within the scope of investment/financial consultancy and should definitely not be understood in this sense. You should manage your risk by considering your own financial situation for your investments and trades, do your own research and then take action (DYOR). If necessary, you can even request professional support from authorized persons and institutions to provide consultancy.
👋Hey! Unlike my social media posts, in addition to majors, here I'm planning to analyze your #altcoins with medium and low market caps too! I'll provide mid-to-long term price targets for the bull season. 🔥 If you are interested, don't forget to follow and share the #altcoins that interest you in the comments! 👊Bull Season Price Targets Series: Requests from Followers - INDEX
In times of growth, it is always good to remember: profit is when the money is in your account. While it is allocated, it is nothing more than a potential profit. The crypto market is a real rollercoaster. Sometimes it falls faster than it rises and what you thought was a profit can become a loss in the blink of an eye.
Don't be too greedy, work with profit targets, as soon as you reach them, observe the market dynamics and sell at the first sign of a reversal to a fall. Little by little your equity will grow exponentially.