The Trust Layer for Market Analysts

The analyst discusses ENAUSD. It's the 24th of August and analyzes the chart in the weekly time frame where the week ends in one day. He mentions that the week has been volatile, closing green and up 5%. The analyst thinks this crypto will continue to grow. He also said that ENA's entire life has been a giant W. It predicts a safe bet to the upside. Once it gets above $1.31-$1.35 the cryptocurrency will explode to worth several dollars and beyond, this is very likely between September and October. He mentions that the current market cap is $4.9 billion, the circulating supply is 6.6 billion and more than double the max supply. It's likely there will be more dilution as the cycle progresses. He says the chances of seeing a market cap of $100 billion is very low. The average expectation for the average altcoin by the end of this cycle is about a 19-23x, from here. In order for it to hit $100 billion, institutional backing is required. The tip of the iceberg is about $4. He likes coins that are like XRP. $6.46-$7.92 area is where he thinks the cryptocurrency is going. From what he sees for ENAUSD from a low to a high, there's potential to go to $13-$15 which is a maximum expectation. Overall, it will not be a breadwinner and it's recommended to stick with coins like XRP.