Think This Before We Invest On Eigen Layer
As a continuation of my previous article about $EIGEN . Due to the smart contract, it can contain a problem if we check it on several existing scanner applications.
The tokenomics is actually still a question mark and is not clear yet, that's why we don't see Binance providing research reports as is often done for new tokens or projects that will be listed.
As time of written the Fully Dilluted Value Cap is $6.15B as all the token already minted so we should use this FDV as calculation. Only with $10m, you can make price impact about 28.74%.
As you compare $10m/$6.15B = 0.0016
That is mean with only 0.16% money value from its FDV we can make impact to price and FDV change about 28.74%.
That mean the token is still too expensive if we bought it and it's have lack of liquidity and too much volatile.
If you are invest it right now, it's like we give a donation to the team or who already have the token from the beginning. I think no whale will have too stupid on invest on it.
So it's not preferable if we want take it as long term investment right now.
As my valuation it's only with FDV about 600 millions.
How do you think? Give me your comment.
