The last drop? Stock up on bargain hunting! This coin will have a great first day. Is BN’s new coin ENA worth buying? APT surged higher and fell back. Like SOL, is it about to break out again?
The next big explosion of Bitcoin may not be far away. Its current price is seriously underestimated, and Wall Street is more anxious than anyone else.
USDT, the hot money in the currency circle, is still pouring in crazily, and it is close to 110 billion US dollars. This is far more than the 80 billion issuance at the time of the last bull market of 69,000. Therefore, according to the standards of the last bull market, the current price of Bitcoin has reached 90,000. is reasonable, and the data on the chain also gives the same answer.
At the beginning of the last bull market, the stock of Bitcoins on exchanges was close to 18%. Now, after four years of continuous WK, there are even fewer Bitcoins on exchanges. The stock of exchanges has further declined, reaching 11%. % This multi-year low shows that the giant whale is frantically collecting funds, 👉qun+v:417072555💰 almost emptied the exchange. The data on the chain is far more FOMO than you think. That is to say, only 11% of all Bitcoins are currently on exchanges. This amount is far rarer than the last bull market. In addition, Wall Street ETFs are now being bought crazily. Buy, buy, so not only is supply decreasing but demand is increasing.
So now all the data show that we are on the verge of an explosion. Of course, the only concern in the market now is that Bitcoin has been corrected by 20% before and after halving in previous years. This may be the final negative. Once Once the halving is completed, it will be a complete bull market.
However, if Bitcoin dies, it will double again, so the upside potential of some small coins is actually greater.
First of all, Aptos (APT) is likely to explode. It is now very, very close to the historical high of 20 US dollars. It has reached 19.4 last week. Now it is considered to be rising and falling. This is the best time to get on board. Opportunity, because the next round of promotion is likely to attack the bright top. Once it breaks through, it will be a sea of stars. Doesn’t this sentence seem a bit familiar? When Aptos (APT) encountered resistance and pulled back before, Eternal also said that everyone should step up I bought the stock at the bottom, and it was only 8U at that time. However, after a breakthrough, it was out of control. Look at it, it is almost 20U now.
Therefore, this rebound near the previous high is a good opportunity to add positions, because now that the bull is coming, a breakthrough is only a matter of time. The breakthrough this time is not comparable to the previous small breakthroughs. The breakthrough this time is But its historical high, so the increase will be even greater. Maybe it will rush to 25 or even 30U in a day or two, but now it is only 15, right? Also, don’t forget it.
There is a high probability that major good news will be announced at today’s Defi Day event, and the good news may not be all available this time, because it has already started to pull back in advance, and has even pulled back a lot. It depends on whether he can do it at the conference again. I think it is possible to announce a major positive news, but to be honest, various altcoins have made up for their gains a lot before, and now they have reached a bottleneck period.
In addition, I think Solana (SOL) is not far away from breaking out. This coin will consolidate for several months and start to accumulate strength every time it rises. Now it has been consolidating for 3 weeks since it exploded, and it may break out again at any time.
Finally, BN has launched the new currency ENA. How is this project? How much should we buy?
First of all, this project is very eye-catching. It is a stable currency project USDE. The current annualized return of holding USDE is 35%. He uses CDP to arbitrage, which is a kind of basis trade. His investor background is amazing. Not only does he have Giants such as BN, OKX and Kraken participated in the investment. The founder himself said that he came from Wall Street.
I have worked at Morgan Stanley and Citadel for more than 20 years, so how did this project get its 35% annualized return? To put it simply, it means making an investment portfolio, using short contracts and using Ethereum to collect the long funding rate. , and then use Ethereum to make liquidity pledges to earn coins.
Therefore, its development space in the bull market is very large, so how much can we buy? The circulation of this coin is 15 billion, so the price is 1 cent, and its market value is 1.5 billion, and 2 cents is 3 billion. It is currently stable. The currency project Maker's Dai issuance is 5 billion, while ENA's USDE issuance is 1.5 billion. Maker's total market value is 4 billion US dollars, and ENA has a conservative US$1.5 billion, which is 0.1U, but its actual The price is definitely much higher than 0.1.
The current opening price of ENA is 0.5, so you can buy it below 0.2 or even 0.3U. It depends on whether the market will give you a chance. If USDE has a chance to be adopted by BN, although the odds are small, if it does happen, then he will be awesome. Damn it, I think it's possible to go to 1U.
