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๐ช๐ต๐ฎ๐ ๐ถ๐ $ENA ?
ENA is the token for ๐๐ฉ๐๐๐ฃ๐ , a crypto project that made a synthetic dollar called ๐๐๐๐ . Itโs like a stablecoin, but created in a different, riskier way.
๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ป๐ผ๐:
โข Around $๐.๐๐ ๐๐๐
โข It went up a lot last month (over +130%), but dropped a little in the past week.
๐จ ๐๐ถ๐ด ๐ป๐ฒ๐๐:
โข Lots of tokens just unlocked โ over $๐ญ๐ฌ๐ฌ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป ๐๐ผ๐ฟ๐๐ต, which can cause price swings.
โข ๐๐ญ๐ก๐๐ง๐ ๐๐จ๐ฎ๐ ๐ก๐ญ ๐๐๐๐ค $๐๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ ๐ญ๐จ๐ค๐๐ง๐ฌ recently, which helped push the price up.
โข USDe (their dollar coin) is growing fast โ now worth over $๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, making it the 3rd biggest stablecoin.
โ ๏ธ ๐ช๐ต๐ฎ๐ ๐๐ผ ๐๐ฎ๐๐ฐ๐ต ๐ณ๐ผ๐ฟ:
โข The system they use is complex and might not survive big market crashes.
โข Yields (rewards) are dropping โ used to be 60%, now under 5%.
โข Still very risky and volatile
