Envo is not only a social platform, it is also a social financial platform.
Through a decentralized approach, it successfully combines social and financial functions.
It allows users to not only communicate and interact, but also manage assets within the platform.
First incubated by Binance Labs, the token $DND once broke through the $40 mark in the early stage.
Although it failed to be launched on Binance for some reasons, with the recovery of the bull market, the market's attention has once again focused on Envo.
Envo not only has social and financial functions, but also has very powerful conference functions within the platform, which can even rival Tencent Conference.
At the same time, the community atmosphere within the platform is very active, and various innovative gameplays have attracted a large number of users, showing great potential.
Recently, while browsing the community, I found that the $DND coin has been mentioned by quite a few people. I casually looked through some data and found it indeed interesting.
I would like to share my thoughts briefly to see if it’s worth making a move.
Fundamental Data:
Performance this year: At the beginning of the year, it dropped to a low of $2 and peaked at $10.
Recently hovering around $7, it is clearly consolidating and forming a bottom, and the current trend is relatively stable.
Historical High: Don't forget, it has reached $40, proving that there is a market consensus.
Deflationary Mechanism: A total supply of 21 million coins, with a future destruction target of 2.1 million coins, which is also a point of interest.
Why is it worth paying attention to?
· Ecosystem Support: The Envo platform behind $DND has a comprehensive range of functional scenarios, including meetings, payments, rewards, and value-added services.
Such an application ecosystem is a strong support for the coin's price.
· Destruction Value: As the destruction continues to advance, the circulation will decrease, and the value brought by scarcity cannot be ignored.
· Market Sentiment: The market has been gradually warming up recently, and tokens like $DND, which have actual application support, are more likely to attract funding attention.
Is it a good time to enter?
· Conservative Approach: The current price of $7 is in the undervalued range, suggesting a phased buy-in to lock in mid- to long-term value.
When new hotspots (major functional updates or SocialFi trends) emerge, breaking through the year’s high of $10 or even returning to the $20-$30 range is not out of reach.
· Aggressive Approach: Focus on the support level of $6.5-$7; if it stabilizes, there is a short-term opportunity to challenge the $10-$12 range, suitable for quick trades.
Of course, investment decisions should be made personally, but regarding the fundamentals of $DND, this position is indeed quite attractive.
23:00 FOMC voting member Bostic and Fed Governor Cook co-chaired the meeting
Wednesday:
06:15 FOMC voting members Bostic, Barkin and 2025 voting member Collins group activities
20:15 US September ADP employment figures released
21:00 Cleveland Fed President Hammack speech
22:05 St. Louis Fed President Musallem opening remarks
23:00 Fed Governor Bowman speech
Thursday:
20:30 US weekly initial jobless claims released
22:40 Minneapolis and Atlanta Fed presidents fireside chat
Friday:
20:30 US September seasonally adjusted non-farm payrolls and unemployment rate released
21:00 FOMC permanent voting member Williams delivered an opening speech at the New York Fed meeting
[Focus]
Several FOMC voting members and the Fed chairman will give speeches or participate in activities.
The market will pay close attention to their views on the economy and monetary policy.
Key data such as the US September ISM manufacturing PMI, ADP employment, initial jobless claims, non-farm employment and unemployment rate will be released one after another, providing important reference for the market.