Inventory of those altcoins that make people unable to stop--ENA
Just now, the ENA project announced plans to launch a new stablecoin UStb supported by BlackRock's tokenized BUIDL fund. This stablecoin can help USDe deal with risks, and the price of ENA coin has risen by 10%.
First of all, let's take a look at the positioning of the ENA project itself and its actual market application. ENA is a synthetic dollar protocol built on Ethereum. In layman's terms, it is an algorithmic stablecoin, the same as dai. As for the performance of the ENA coin, it can be said to be very poor. Except for the bright performance at the beginning of the launch, it has been falling all the way, and basically has not looked back. Secondly, a large number of unlockings every month give people the feeling that it is a coin specially designed for cutting leeks. Although its performance is indeed like this, I think there are still opportunities to make money from this coin. It depends on how you trade. Let me talk about my views on this coin and trading ideas.
At first, I had the same idea as most people. I thought it was hard for this coin to rise, because of the large amount of unlocking and overly dispersed chips. At this time, no matter whether it was the project party or the institution, they could not get the expected returns. So this is the main reason why the market has been falling.
For people who come to the financial market, no matter when, they are here to make a profit, this is certain, so most of the time we don’t have to complain about the market or a certain project. What you can do is to get your part through the market. For ENA, I bought 0.25 on the night of the interest rate cut, and bought 110,000 U together. During the period, I put it aside and didn’t care much. I wrote this article today because I saw this news about BlackRock. It is now worth 170,000 U. I plan to get it around 0.6. I don’t have any idea to sell it in the short term. Of course, the transaction is flexible. If there is any action, I will notify you as soon as possible.
Finally, I still say that if you like spot contracts, you can keep up. Click on the avatar to read the introduction!
No long dia...
There are many opportunities, how to grasp them is up to you