Value determines price! Consensus determines market stability!
Even if the fundamentals are good, if the consensus fades! It will eventually become worthless!
ENA will unlock 171 million coins in one go on May 5!
A massive unlock, and there will be large unlocks at the beginning of each month! This has caused the coin price to plummet! From a high of $1.5, it has now dropped below $0.3. Where will ENA go from here? It is worth pondering!
Who will maintain the consensus? Who will stabilize the coin price? Should we just let it go to zero? Can the ENA project team step up to support the price?
If it continues to fall like this, will retail investors still dare to buy the dip?
For those who are optimistic about ENA, it is recommended to buy the dip around 0.25 to 0.20.
ENA Project Introduction
Ethena is a synthetic dollar protocol built on Ethereum, providing a crypto-native solution for currencies that do not rely on traditional banking infrastructure, as well as globally accessible, dollar-denominated savings tools - "Internet Bonds."
Sector
Ethereum Ecosystem Decentralized Finance
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