One of the reasons I chose $ENA as a token to #DCA gradually this August: 👉 Strong fundamental analysis + technical setup with a positive base, increasing volume. Attractive Risk Reward: 150-100%. 👍 Just in July, the project's TVL grew significantly by over 40% with an #ATH of 7.9B USD. 👍 When $ETH and $BTC confirm a new growth wave, Ethena is a project that benefits from high demand for stable coins and a positive funding rate. When the market rises, the demand for leverage will be high, and Ethena will benefit from the positive funding rate. (Simply put, when you play futures, the buyer in a dominant position has to pay a fee to the seller. Ethena always opens short positions, following the Delta-hedge mechanism. In simple terms, when $ETH and $BTC are collateralized to mint USDE, fearing the risk of $ETH and $BTC crashing hard, the project opens short positions on $ETH and $BTC on exchanges to balance profits/losses, avoiding liquidity loss like LUNA recently). 👍 Additionally, the project has USDtb, a new stable coin, "more traditional" than USDE, which is expanded and partnered with BlackRock's BUILD fund (backed by real-world assets managed by BlackRock). Ethena also issued 1.5 billion USDtb, paving the way for compliance with the GENIUS Act, becoming the first stable coin to comply with federal law. => a way to "get around the law"? Attractive technical analysis with strong volume + CVD increase, I will choose the timing of price drops to #DCA gradually in August, targeting 100-150%. p/s: this post is not a shill or investment advice. Of course, there are still risks such as war, and if BTC or ETH crashes, $ENA will not be spared. I also know there will be risks such as: 👉 Strong selling pressure from weekly unlocks (although there has been buyback from the team). 👉 Token concentration in the hands of whales. Fed not lowering interest rates in September (being capital locked/temporary losses, ...). However, I still choose to bag ENA, the risk reward is worth it, and I still hold my main port $eth for support.