$ENA Only Long now. Here’s why:

0. Don’t listen to anyone in this news feed, don’t trust anyone, don’t trust me. You have to be vigilant of all FOMOers and FUDers.

1. ENA indeed pumped hard on its release and then dropped significantly. And it reached its bottom around 70 cents.

Reasons for those moves are on the surface: market was higher at that point of time, project just released, huge airdrop and so on.

2. ENA is a huge project with an amazing potential. Currently market cap is around 1.5billion (yes, FDV is higher and that’s okay, that’s how it supposed to be).

Comparing to the failed LUNA project which went to a 100$ and a market cap of ~40 billion. ENA is highly undervalued right now.

This project will rise exponentially, a price of 10$ is easily achievable and will be achieved. It’s just a matter of time and how the market goes overall.

Since everything is different with how Ena works and how it generates yield comparing to Terra, in the not so good market is still maintains a good APY of 15%.

3. ENA’s collaboration with ByBit is big, is huge you can’t even understand how big it’s going to be. Other CeFI exchanges will partner with ENA as well. Why?

Because what ByBit will essentially provide with ENA, is futures trading BUT you get a yield on your USDe.
It’s crucial to understand how big it’s going to be.

When other exchanges, when binance open futures trading with USDe allowing to generate yield.

ByBit is the first one, is a big one, others will follow get this piece of pie.

4. Open interest is high, relatively very high, no significant down volume if you look at 1D chart.

Price is at discount, basically if you have missed the first day of this project to enter long or buy spot. Now it’s a good time.

Honestly, if I need to explain more, you have to be really blind.

Don’t trust anyone. Eternal Vigilance is the key of success. Think.

#ethena #Ethena!